Global growth projections

Omnicom Media Group agency OMD Worldwide tops the latest COMvergence global billings ranking report based on projected 2019 media agency and group billings. According to the agency, with a projected 2019 global billings of $19.6 billion, and a growth rate of +6.1%, OMD holds a $1.7 billion lead over its nearest competitor; and is dramatically outpacing the industry’s flat 0.6% growth rate. The report drops as OMD marks its ninth consecutive quarter of new business and retention growth, a performance that translates to $3.5 billion in new billings - 18% of its current total - added during the 2018-2019-time period, the most of any media agency. Florian Adamski, CEO, OMD Worldwide, said, “Having significantly expanded the depth of our offer and the breadth of our client roster in 2019, OMD enters the new year in an exceptionally strong position once the impact of all 2019 wins hits the ledger. As we embark on a new decade, we are more ready than ever to deliver better … [Read more...] about Global media agency OMD leads category, outpaces industry as it expands billings and market share

Video PlayerClose Traders work at the New York Stock Exchange in New York, the United States, on Dec. 13, 2019. U.S. stocks ended higher on Friday as investors digested updates about U.S.-China trade and a slew of economic data. (Xinhua/Wang Ying) "That gives us some comfort that what's been announced is fairly substantial. The phase-one deal is fairly credible in terms of this is a clear path towards de-escalation," said Draho. NEW YORK, Dec. 15 (Xinhua) -- The phase-one economic and trade deal between United States and China will be beneficial to business sentiment and economic growth in multiple countries around the world, an expert with Swiss financial institution UBS said on Friday. It's truly positive that China and the United States have agreed on the text of a phase-one economic and trade agreement, Jason Draho, head of Americas asset allocation at UBS Global Wealth Management, told Xinhua in an interview. Draho said another positive thing is that the substantial phase-one … [Read more...] about China-U.S. phase-one trade deal positive to business sentiment, growth: UBS expert

NEW DELHI: The Coal Ministry on Sunday said it will establish 'Sustainable Development Cell' (SDC) for promoting sustainable coal mining in the country and address environmental concerns at closure of mines. The SDC envisages to address environment mitigation measures in a systemic manner and provide a better environment to people working and residing in the vicinity of mines, the ministry said in a statement. "The Ministry of Coal has decided to establish a 'Sustainable Development Cell' in order to promote environmentally sustainable coal mining in the country and address environmental concerns during the decommissioning or closure of mines," it said. The SDC will advise, mentor, plan and monitor mitigation measures taken by coal companies for maximising utilisation of available resources in a sustainable way, minimising adverse impact of mining and mitigating it for further ecosystem services, and will act as nodal point at Ministry of Coal level in this matter. The cell will … [Read more...] about Coal Ministry to set up ‘Sustainable Development Cell’ for mining to address environmental concerns

Email By Kathryn Diss Updated November 30, 2018 14:55:33 Photo: Autonomous haulage tucks at Rio Tinto's West Angelas iron ore mine in the Pilbara. (Supplied: Rio Tinto/Christian Sprogoe Photography) Related Story: WA miners search for workers, but this time without 'mercenary-type salaries' Related Story: From boom to bust and back again, and why it's fuelling another problem Related Story: Bidding war begins as WA once again searches for workers to fuel a mining boom Related Story: WA to reap rewards of $8.6b mining boom, but expert warns of bust to follow Map: WA Australia's three major iron ore miners have now committed to spending a total of almost $9 billion on new mining projects across Western Australia's Pilbara, creating thousands of new jobs.Rio Tinto has confirmed it will spend $3.5 billion developing the Koodaideri iron ore mine near Newman, in what is set to become the most technologically advanced iron ore mine in the world.It is expected to create more … [Read more...] about Rio Tinto’s $3.5 billion Koodaideri iron ore mine is a welcome investment in WA, but it ain’t no boom

Video PlayerClose by Xinhua writers Gao Wencheng, Feng Yasong BEIJING, Dec. 15 (Xinhua) -- From the first ever image of a black hole to global 5G commercialization and China's Chang'e-4 probe's landing on the moon's far side, the past year has witnessed numerous scientific and technological breakthroughs, which were made possible through stronger international cooperation. As stated in the Shanghai Initiative issued at this year's World Laureates Forum, which groups top-notch scientists from around the world, "openness, cooperation, and community of science and technology are the pillars for scientific development." COMMON DREAM Exploring the universe has long been a common dream of humankind. In April, the first ever black hole image was released, captured by the Event Horizon Telescope (EHT), a global network of eight linked radio telescopes. Behind the achievement, which EHT project director Sheperd Doeleman hailed as "something presumed to be impossible just a generation ago," is … [Read more...] about Yearender: From space exploration to 5G commercialization: How cooperation bolstered sci-tech advances in 2019