Platinum-group metals (PGMs) include platinum, palladium, rhodium and other metals, all of which are prized for their durability, resistance to corrosion and excellent catalytic properties. The automotive industry is the world’s largest consumer of these metals, which among other things are used in catalytic converters for vehicle exhaust systems. A…
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever. Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben…
Super Typhoon Ragasa battered Hong Kong, forcing closures and chaos as winds topped 200 km/h, flooding streets and snapping trees.Meanwhile, US President Trump signaled a more self-focused diplomacy at the UN, tech giants launched a $500 billion AI push, and Asian markets opened sharply lower amid global economic jitters.A glance…
OpenAI, Oracle, and SoftBank are doubling down on America’s AI ambitions with the announcement of five new massive data centers under the $500 billion Stargate project.This eye-popping investment aims to supercharge the computing power needed for cutting-edge AI research and applications.Seen as a centerpiece of the US push to dominate…
Despite global oil markets being in backwardation, a state where current prices exceed future delivery prices and typically discourages storage, China has been actively stockpiling crude oil. This unusual move, while providing a temporary price floor by absorbing surplus supply, faces limitations due to geopolitical factors, shifts in global supply, and…
Gold prices held near record highs on Wednesday as safe-haven demand and hopes of further interest rate cuts boosted sentiments among investors. “Expectations for further interest rate cuts by the Federal Reserve (Fed), along with geopolitical uncertainties stemming from the intensifying Russia-Ukraine war and conflicts in the Middle East, continue to…
Thailand’s export growth slowed sharply in August as US tariffs and a stronger baht began straining demand for key products. The Commerce Ministry reported a 5.8% rise in exports, the weakest pace in almost a year and below the 7% forecast by Bloomberg. At the same time, imports surged 15.8%,…
Europe markets opened lower on Wednesday as weak economic data and cautious comments from US Federal Reserve Chair Jerome Powell dragged sentiment, extending overnight losses from Wall Street and Asia.The downtrend marked the middle of the week with markets showing little appetite for dip-buying despite selective sector gains.The FTSE 100…
Eli Lilly’s chief executive Dave Ricks has delivered a stark warning to the UK government, branding Britain “probably the worst country in Europe” for drug prices and cautioning that the nation could miss out on new medicines unless conditions improve.Speaking to the Financial Times, Ricks said the UK’s system of…
The European gas market has seen a slight dip in benchmark prices, with the TTF benchmark falling to EUR 32 per MWh. “This was probably due to the news that Norway is exporting more gas to the EU via pipeline again after supplies were significantly reduced for a good three weeks…