The European Union’s landmark free trade pact with South American countries is expected to take effect on a provisional basis as early as March, despite a court challenge that could delay full implementation for years, an EU diplomat told Reuters on Thursday.The likelihood heightens the political and economic stakes surrounding…
JBS, the world’s largest meat processor, will expand production capacity at its chicken processing plant in Jeddah in two phases through the end of 2026, the company said in a statement on Thursday.The move forms part of the second phase of expansion at the facility, which was built from the…
European markets steadied after Donald Trump abruptly shelved threatened “Greenland tariffs,” lifting the FTSE 100 and broader Stoxx 600 as investors rotated back toward risk.In the UK, Vanguard undercut Labour’s domestic-investment push by cutting “home bias” across its LifeStrategy range despite fee reductions.Meanwhile, fresh data shows Europe still piled into…
Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear.In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer…
TikTok’s Chinese parent ByteDance has finalized a long-anticipated deal to place the app’s US operations into a new, majority American-owned joint venture, securing US user data and averting a potential nationwide ban. The agreement marks a major milestone after nearly five years of political, legal, and regulatory battles over national…
Asian markets advanced on Friday after the Bank of Japan kept interest rates unchanged, while a weaker US dollar pushed gold and silver to fresh records. The session unfolded against a backdrop of major geopolitical and corporate developments, including a landmark US deal for TikTok, political uncertainty in Japan after…
It seems as if there is no stopping the ongoing rally in precious metals prices. Gold and silver hit fresh record highs on Friday as bets on an interest rate cut by the US Federal Reserve increased amid geopolitical uncertainties. Lower interest rates increase the appeal of precious metals as they are…
Prague-based defence firm Czechoslovak Group (CSG) is set to begin trading in Amsterdam on Friday, in a deal that is expected to become the biggest defence IPO on record by funds raised. The listing values the Czech-owned group at 25 billion euros ($29.30 billion), placing it among Europe’s most significant…
US President Donald Trump has withdrawn Canada’s invitation to join his “Board of Peace”, just days after Prime Minister Mark Carney used his World Economic Forum address in Davos to warn about economic coercion by the world’s biggest powers.Trump announced the move in a post on Truth Social on Thursday…
India is preparing a fresh manufacturing strategy aimed at tripling the nation’s exports by 2035, according to a Reuters exclusive. Instead of relying on heavy public spending, the plan is expected to lean on structural reforms to make it easier for companies to build, expand, and operate factories across the…