Rio Tinto posts annual net loss of US$866 million
Rio Tinto
Sydney - Arab Today
- Rio Tinto Thursday reported an annual net loss of US$866 million, a sharp fall from last year in what the mining giant's chief executive said was a "highly challenging environment" amid plunging commodity prices, as the Chinese slowdown hits.
It compared to a US$6.53 billion net profit in the previous reporting year.
Underlying profit in the year to December 31, a measure the world's second-largest miner prefers, came in 51 percent lower at US$4.54 billion, from US$9.31 billion previously.
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Moscow - TASS
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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All rights reserved to Arab Today Media Group 2021 ©
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