Russian wheat export prices fell to their lowest since early July as weaker domestic prices, high supply and sluggish demand weighed on sentiments, consultancy agency SovEcon said. Last week, free-on-board (FOB) prices for the 12.5% protein wheat declined to $228-$230 per metric tons, falling by $4, the agency said in its…
A fragile sense of optimism is gracing European markets at the open on Wednesday, with stocks poised to climb despite a dramatic new trade war gambit from the White House and a worrying deflationary signal from China. This resilient mood is a testament to the market’s singular focus on one…
The seemingly unstoppable juggernaut of fast fashion has hit a wall. Inditex, the Spanish retail titan and owner of Zara, reported weaker-than-expected sales in its second quarter on Wednesday, a clear and worrying sign that even the industry’s most dominant player is not immune to the chill of a cautious…
Novo Nordisk, the Danish pharmaceutical giant behind the obesity drug Wegovy, said on Wednesday it will cut about 9,000 jobs globally in a major restructuring effort, aiming to save 8 billion Danish crowns ($1.26 billion) annually. The move underscores the growing pressure the company faces from its US rival Eli…
Poland shot down drones that entered its airspace during a large-scale Russian attack on western Ukraine on Wednesday, with Warsaw calling the incursion “an act of aggression” and marking the first time a NATO member has fired weapons in the conflict.Prime Minister Donald Tusk said Poland’s skies had been violated…
The Malaysian Sustainable Palm Oil certification has been officially recognised by the European Union as a robust and trustworthy standard. This crucial acknowledgment, announced by the Malaysian certification body on Wednesday, signifies that MSPO can effectively aid in meeting the stringent requirements of the EU’s newly enacted deforestation regulation, according to…
The European Commission is weighing restrictions on social media access for children under 16, aligning with growing international scrutiny of digital platforms. Commission President Ursula von der Leyen announced plans to assemble a panel to examine possible measures by the end of the year, as Europe looks to follow developments…
Poland invoked NATO’s Article 4 for urgent consultations after 19 Russian drones breached its airspace on the night of September 9–10, a dramatic escalation that drew immediate solidarity from NATO allies and alarm across Europe. Several drones were shot down by Polish and allied forces, in what Prime Minister Donald…
Oracle shares surged by more than 31% in premarket trading on Wednesday after the enterprise software company revealed its cloud backlog had ballooned to $455 billion, and forecast booked revenue from cloud business to exceed half a trillion dollars over the next few months.The development overshadowed a mixed set of…
The seemingly unstoppable juggernaut of fast fashion has hit a wall. Inditex, the Spanish retail titan and owner of Zara, reported weaker-than-expected sales in its second quarter on Wednesday, a clear and worrying sign that even the industry’s most dominant player is not immune to the chill of a cautious…