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Highlights: May 11, 2020 - May 16, 2020

Christian Fernsby ▼ | May 18, 2020
The most interesting stories that marked last week.
What happened last week
What happened last week  
SSR Mining and Alacer Gold to merge as equals in $4.0 billion market capitalization

SSR MiningSSR Mining and Alacer Gold announced that they have entered into a definitive agreement to combine in an at-market merger of equals pursuant to a plan of arrangement under the Business Corporations Act (Yukon)....

New $5.3 billion road projects planned for Indonesia

Indonesia roadIndonesia is looking to develop six major infrastructure projects under the PPP model....

Sony reports 57% drop in Q4 profit

SonySony Wednesday reported a 57% drop in Q4 operating profit....

UK economy logs biggest contraction since 2008

UK factoryThe UK economy contracted the most since the global financial crisis as measures adopted to reduce the transmission of the coronavirus took a toll on overall activity, data from Office for National Statistics revealed Wednesday....

Nissan plans $2.8 billion in cuts

NissanNissan Motor plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability....

Poland with lowest decline in GDP in CEE

Poland streetDue to the coronavirus pandemic, Poland's GDP will fall by 3.5 percent in 2020 on an annual basis, estimates the European Bank for Reconstruction and Development (EBRD)....

France to Sanofi: It is unacceptable for vaccine to go to U.S. first

Agnes Pannier-RunacherIt would be unacceptable for Sanofi to cater first to the U.S. market if it finds a coronavirus vaccine, deputy finance minister Agnes Pannier-Runacher said Thursday....

Russia, Syria accuse WHO of serving U.S. interests

Syria peopleRussia and Syria have accused the World Health Organization of serving the West's interest, especially the United State at the expense of the Syrian people, in light of the coronavirus outbreak....

Miner Eramet to sell plant in Norway for around $300 million

ErametEramet has agreed to sell its TiZir plant in Norway to Tronox Holdings for around $300 million, the French mining and metals company said....

April house sales drop 78 percent in New Zealand

New Zealand houseThe number of properties sold in April dropped by 78 percent from the same time last year, due to the level four lockdown....


 

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