US-based Kraft Heinz is considering potential strategic deals

US Kraft Heinz Co., one of the world's largest food manufacturers, is considering potential strategic transactions to increase shareholder value. This process has been...

Canada extends duty-free regime for goods from Ukraine for another year

Canadian Minister of Finance and National Revenue François-Philippe Champagne announced that Canada will extend the duty exemption order for Ukrainian goods until 9 June...

Global central banks increased gold volumes by 12 tonnes in April

World Central Banks in April, according to preliminary estimates of the World Gold Council (WGC), increased the volume of gold in their gold reserves...

China has authorised suppliers to Ford, GM and Stellantis to export rare earth metals

Chinese authorities have issued temporary export licences to companies supplying rare earth metals to Detroit's "Big Three" carmakers Ford Motor, General Motors and Stellantis,...

India has built the Chinab Bridge – a new height record

Indian Prime Minister Narendra Modi inaugurated the Chinab railway bridge connecting the Kashmir Valley with the rest of the country. It is 1.3 kilometres long....

Goodyear to close plant in South Africa and lay off 900 workers

US car tyre maker Goodyear Tire & Rubber Co. plans to close its production facility in Kariega (South Africa) by the end of this...

The Central Bank of Russia reduced the key interest rate by 1 per cent

On 6 June, the Central Bank of Russia announced a reduction in the key lending rate from 21% to 20%. According to the institution's statement,...

Tesla’s capitalisation falls $153bn due to Musk’s spat with Trump

Tesla shares fell by 14% on Thursday amid a conflict between the company's head and founder Ilon Musk and US President Donald Trump. As a...

Trafigura cuts revenue by 4%, raises dividend 2.3 times

Trafigura Group Pte Ltd, one of the world's largest commodity traders, increased net profit by 3 per cent in the first half of fiscal...

Amazon to invest $10bn in data centres for AI

Amazon.com Inc. is investing $10 billion to expand its data centre infrastructure in North Carolina to support AI and cloud technologies. According to a company...
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