In addressing the media, Mining Minister Hernan de Solminihac revealed this projection, a figure that represents an eight percent increase since the last estimate was given in November 2012. The increased number has been driven by the incorporation of nine projects valued at $3.6 billion and another 20 initiatives that have updated their own investment amounts.

Purchased in 1993 by The New York Times company for $1.1 billion, the Globe is now being sold for as little as $70 million.

In a statement in the Globe, Mr Henry praised the paper's journalistic pedigree: "The Boston Globe's award-winning journalism as well as its rich history and tradition of excellence have established it as one of the most well-respected media companies in the country."

Oil firm TransCanada has announced that the $11.6 billion Energy East line will carry up to 1.1 million barrels of oil per day, replacing oil imported to eastern Canada with a leftover surplus to export across the Atlantic. The Energy East pipeline would run from Hardisty, Alberta, to a new deep-water marine terminal in St John, New Brunswick.

Boosted by a surge in smartphone sales and the weakness of the yen the company recorded net profit of 3.5 billion yen, reversing a loss of 24.6 billion yen during the same period last year.

The company said its sales rose 13 percent in the three months to the end of June, from a year earlier, primarily "due to the favourable impact" of the currency movement. It also raised its sales forecast for the current financial year to 7.9 trillion yen from its projection of 7.5 trillion yen in May.

The move, designed to enhance integration and cohesion by using the name of an already globally recognised brand, will see EADS renamed Airbus Group and have three specific divisions; commercial aircraft, defence and space, and helicopters.

"The renaming simply gathers the entire company under the best brand we have, one that stands for internationalisation, innovation and integration - and also for some two-thirds of our revenues," said EADS chief executive Tom Enders. "It reinforces the message that 'we make things fly'."

Even since a group of families went about setting up a new dredging business in 1910, Royal Boskalis Westminster NV has built itself a commanding reputation for being a leading global maritime services company operating in the fields of dredging, inland infrastructure, towage, salvage and offshore energy.

Welcoming delegates to the 2013 Energy conference in Port of Spain in January, the Minister of Energy and Energy Affairs Kevin Ramnarine set out his vision for NGC to be the vehicle for growth through which the country can expand its footprint at home and abroad. NGC should be encouraged, he said, to become to Trinidad & Tobago what Statoil is to Norway or Petrobras to Brazil.

Grindex was founded in 1940 by two Swedish engineers. Among its earliest products was a rock grinding machine: this established the firm in the mining and construction markets; however when co-founder Börje Kristensson was out selling the grinding machine, he came across a new product on the market, a submersible drainage pump. The problem with submersible pumps in the early 1960s was that they were heavy and could not run dry. Kristensson set about developing a lightweight pump that could run dry, thanks to a patented air valve.