":: A Short Article ::"

UBS boss to face angry investors.

I read an article about a huge loss in a Swiss bank which is called UBS. UBS boss have to face the angrer of the investor who is named Marcel Ospel. The bank has been badly affected by home loans crisis with up to $18 billion. This is the first annual loss since the bank was established.

Last week the boss was re-elected but it was for one year only. They say that he was too weak to manage for long years. Many European banks are facing problems in repairing their balance sheets and reputations.

In my opinion this article is new so that it doesn’t have much information. The writer focuses on the bank boss and doesn’t write a lot about the bank.

$.Diamond.$

Diamond is a carbon that exposures an extreme pressure and high temperature up to 1000 ºC. Kimberlite pipe transports the diamond to the surface. Africa is the number one continent in the world in producing diamonds. De Beers Consolidated Mines Ltd is the biggest diamond mining company and most of it in South Africa.

For 600 years Antwerp had been a diamond centre and the Indian families take the biggest slice in trading. India has about 1500 cutters and polishers also about 80% of the world rough diamonds pass through this city. Dubai has the growing reputation as a diamond hub. It attracts diamonds traders by special deals of putting zero tax. The diamonds business in Dubai is worth about £1 billion. New York hip hop stars like to wear diamonds

There are many makers and traders of diamond who compete with each other. They have to make huge investments in building, maintaining and operating the mines and should continue searching and producing new types of diamonds