Vale’s High-Quality Iron Ore Meets a Need for China: CEO

( Caixin).- Murilo Ferreira also backs the government’s plans for making changes at steel mills, saying some plants need to be modernized By Wang Shuo, Lu Xiaoyi and Huang Kaixi (Beijing) – Vale SA, the world’s largest producer of iron ore and nickel, wants to play a bigger role in China’s efforts to reduce emissions by supplying it with more high-quality iron ore, CEO Murilo Ferreira says. In a recent interview with Caixin, Ferreira also talked about his company’s strategies, new projects and cost cutting efforts amid increasing market volatility and political instability. “I think that politicians should consider working hard in order to be more focused in bringing prosperity than going into some disputes,” he said. Ferreira also discussed the […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]