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Deep-sea mining could cause $500bn in environmental damage – report
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Deep-sea mining could cause $500bn in environmental damage – report

The undertaking is proving not to be financially or environmentally viable. Deep-sea mining could cause up to 25-times more damage to the world’s biodiversity than land-based mining, resulting in $500bn of lost value, according to a new study published on Thursday. Many of the critical minerals needed in the production of electric vehicles (EV) can...

Some Russian Banks May Have Swapped Gold for Dollars, Report Says
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Some Russian Banks May Have Swapped Gold for Dollars, Report Says

Some Russian banks appear to have maneuvered around a ban on shipping dollars and euros to the country by trading gold in the United Arab Emirates and Turkey, according to research from a financial-intelligence company. The sanctions on export of banknotes were introduced after the Kremlin’s invasion of Ukraine. The report compiled by Sayari found...