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How a small sugar company in Mauritius grew into an international conglomerate

How a small sugar company in Mauritius grew into an international conglomerate

CNN5 days ago

Founded in Mauritius in 1912, the Ciel Group has since grown to a multinational company with a portfolio spanning several continents. CNN's Larry Madowo spoke to Group CEO, Guillaume Dalais, about the company's strategy for growth across the textile, agriculture, finance and healthcare industries.

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World Reef Awareness Day 2025: Bringing Corals Back To Life
World Reef Awareness Day 2025: Bringing Corals Back To Life

Forbes

time12 hours ago

  • Forbes

World Reef Awareness Day 2025: Bringing Corals Back To Life

Coral reefs in the Maldives getty On June 1st, the world celebrated World Reef Awareness Day 2025 under the urgent theme: 'Bringing Corals Back to Life.' This day highlights the indispensable role coral reefs play in sustaining marine life and coastal communities and the existential threats they now face. According to the Coral Reef Alliance, coral reefs, which cover less than 1% of the ocean floor, support approximately 25% of all marine species. Beyond biodiversity, they provide food, livelihoods, and coastal protection for over one billion people globally. However as time progresses, what is notable is that these ecosystems are collapsing. According to the National Oceanic and Atmospheric Administration, the ongoing 2023–2025 global coral bleaching event is the most extensive on record. To further give light to the situation, the International Coral Reef Initiative indicated that, bleaching-level heat stress has now impacted 84% of the world's coral reefs, with damage recorded across 82 countries, territories, and economies. For comparison, only 21% of reefs experienced similar stress during the first global bleaching event in 1998, rising to 37% in 2010, and 68% during the prolonged third event between 2014 and 2017. Scientists have already described the current fourth global bleaching event as 'unprecedented' as early as May 2024. In fact, the widely-used Bleaching Alert System had to expand its scale, adding new Levels 3 through 5 to capture the escalating risk. Previously, Level 2 indicated potential mortality for heat-sensitive corals; Level 5 now signals a risk where more than 80% of all corals on a reef could die from sustained bleaching conditions. The World Wildlife Fund article also warns that if current warming trends continue, up to 90% of coral reefs could disappear by 2050. In response, restoration strategies are gaining traction, for example, as reported in Time Magazine, Mars Inc. is making waves in reef rehabilitation. the company has planted over 1.3 million corals in the past 15 years. Leading these efforts is David Smith, the company's chief marine scientist, who ensures that each coral restoration project is grounded in rigorous scientific research. Mars Inc's "reef stars" hexagonal steel structures are seeded with sand and coral fragments has helped Indonesia's Hope Reef rebound from just 2% coral cover to over 70%, with fish populations surging by 260%. Meanwhile, researchers are developing heat-resistant hybrid corals better suited for warming seas, according to National Geographic. Technological solutions are also advancing, according to NOAA, scientists are testing rubble stabilization for the first time in Hawaii's coastal waters as a method of coral restoration, and early results are promising. The technique involves anchoring loose and broken reef fragments to the seafloor, providing a stable foundation for coral regrowth. This process has already helped revive disintegrated reef systems, offering them a renewed chance at recovery. World Reef Awareness Day is more than symbolic as it is a call to urgent action. Without intervention, the planet risks losing one of its most vital ecosystems as a result it is essential to restore them, not only an environmental imperative but essential for future food security, biodiversity, and climate resilience.

Ivanhoe Shares Surge After Update on Flooded Congo Copper Mine
Ivanhoe Shares Surge After Update on Flooded Congo Copper Mine

Bloomberg

time12 hours ago

  • Bloomberg

Ivanhoe Shares Surge After Update on Flooded Congo Copper Mine

Ivanhoe Mines Ltd. shares jumped after the Canadian company said it's advancing work on reopening parts of a giant copper mine in the Democratic Republic of Congo, without yet committing to a restart date. The stock rose as much as 8.7% in Toronto on Monday after Ivanhoe said in a statement that management is working with engineers 'to safely and conservatively restart mining operations.' The shares were up 5.2% at 1:05 p.m., out-performing peers.

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