Fertilizer prices remained elevated in Q3 compared to both the first half of the year and the end of 2024. Potash prices surged at the start of the year as the Trump administration threatened tariffs on Canada, the top supplier to US farmers. During the third quarter, prices were 20…
U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news…
The ongoing US government shutdown is poised to directly impact thousands of air travellers, as Transportation Secretary Sean Duffy warned Wednesday. In the latest update, a 10% reduction in flights will be implemented at 40 major airports starting Friday morning if the impasse is not resolved.The decision, officials said, is…
Apple Inc. is close to finalising a deal with Alphabet Inc.’s Google to use its powerful 1.2 trillion parameter Gemini AI model to overhaul Siri, Bloomberg reported, citing people familiar with the matter. The partnership, expected to cost Apple around $1 billion annually, would represent one of the largest AI…
European stocks opened lower on Thursday as investors processed another heavy slate of corporate earnings reports, with strong results from some companies failing to lift the broader market sentiment.The pan-European Stoxx 600 was down 0.3% shortly after the opening bell, with most sectors in negative territory. France’s CAC 40 led…
Shares of Danish shipping group A.P. Moller-Maersk fell 6% on Thursday after the company delivered a modest third-quarter earnings beat but failed to lift its full-year guidance enough to meet market expectations. The stock was on track for its worst single-day performance since March, reflecting investor disappointment over the group’s…
As world leaders meet in Brazil for the COP30 climate summit, many of the executives tasked with funding global decarbonization are nowhere to be found. According to Reuters, they intentionally gathered in São Paulo, Brazil’s financial powerhouse.This year marks the first UN climate summit to be held in two cities, unlike…
India’s sugar industry is urging the government to double the sugar export allocation to 2 million metric tons for the new season, citing lower-than-anticipated diversion of sugar for ethanol production that is expected to swell domestic surpluses, industry officials announced on Thursday.The prospect of significantly higher sugar exports from the…
Spanish carrier Air Europa has repaid in advance a €475 million ($505 million) loan granted by Spain’s Strategic Companies Solvency Support Fund (FASEE), which is managed by state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI). SEPI also said that the airline paid the corresponding interest on the EUR 1 billion loan.According…
In its largest carbon removal commitment to date, Google has partnered with Brazilian startup Mombak to finance the restoration of the Amazon rainforest, securing high-quality carbon credits to offset the substantial emissions generated by its energy-intensive data centers.The deal, according to the companies, is expected to offset 200,000 metric tons…