Turquoise Hill announces financial results and review of operations for the first quarter of 2021
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MONTREAL, May 12, 2021 /PRNewswire/ - Turquoise Hill Resources Ltd. ( Turquoise Hill or the Company ) today announced its financial results for the period ended March 31, 2021. All figures are in U.S. dollars unless otherwise stated. Oyu Tolgoi had an exceptionally strong first quarter with production of 45,449 tonnes of copper and 145,656 ounces of gold. Our strong operational performance combined with rising copper and gold prices generated revenue of $526.5 million, a 303% increase over the same quarter last year. stated Steve Thibault, Interim Chief Executive Officer of Turquoise Hill Resources.
E-commerce in Nigeria: Legal framework, challenges and prospect
E-commerce
Tue May 11 2021
E-commerce refers to the use of communications technology particularly the internet to buy, sell and market goods and services to customers. The internet has brought about a fundamental shift in national economies that are isolated from each other by barriers to cross-border trade and investment, isolated by distance, time zone and languages and isolated by the national differences in government regulations.
E-commerce equally fosters direct access to distant markets and promotes globalisation and commercial activities and blur many of the current distinctions between domestic and foreign companies to an extent that it becomes practically impossible to determine the origin of the products. E-commerce is not limited to the purchase of a product, it includes e-mail, and other communications platforms, all information or services that a company may offer to customers over the net, from pre-pur
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The commercial business world is a global one, and so are the disputes that arise within it. Such disputes are adjudicated in courts in various countries or in arbitration proceedings, with each procedure regulated under relevant domestic legislation. (For example, the Israeli Arbitration Law regulates Israeli arbitration proceedings.)
This causes difficulties when a global dispute “must” subject itself to the domestic arbitration laws of the country where the arbitration is held. The gap between the arbitration laws of various countries leads to legal and commercial uncertainty and unnecessary expenses for the parties to the dispute.
A new commitment made by G7 digital and technology ministers to adopt electronic transferable records in international trade transactions has been hailed as a “momentous step forward” for trade digitisation, and businesses are being called upon to get ready for digital trade now – or risk being left behind.
At a meeting held last week, the intergovernmental organisation, made up of Canada, France, Germany, Italy, Japan, the UK and the US, agreed a framework that will champion the work of the United Nations Commission on International Trade Law (UNCITRAL) and promote the adoption of its Model Law on Electronic Transferable Records (MLETR).
New principles for insolvency: Supporting small businesses key role in the COVID-19 recovery worldbank.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldbank.org Daily Mail and Mail on Sunday newspapers.