Anglo American PLC said it would cut 85,000 jobs over the next several years as part of a sweeping restructuring, a drastic response by one of the world’s biggest mining companies to the prolonged slump in raw-materials prices. Source: WSJ
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Italian auction house Sant’Agostino said on Wednesday that bidders at its next sale will be able to settle up in Bitcoin, a world first according to the auctioneers. Early next week, around 600 Italian and foreign design objects, mostly pieces of furniture, will go under the hammer at Sant’Agostino and “Bitcoins will be accepted as payment”, the Turin auction house said in a statement. Source TheLocal
Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
China’s GDP rose from 54 trillion to 80 trillion yuan (about 12.1 trillion U.S. dollars) over the past five years, Xi Jinping said Wednesday. Source: People’s Daily