Business and Economy

Can Brazil and Argentina satiate India’s food oil hunger? | Business and Economy News

Bengaluru, India – Aneesha Thakur has used sunflower oil in her kitchen for as long as she can remember. Last week, she broke with that habit, buying a bottle of soybean oil instead to fry fish for her teenage sons. The neighborhood supermarket, which usually has rows stacked with sunflower oil brands, had none of …

Can Brazil and Argentina satiate India’s food oil hunger? | Business and Economy News Read More »

Billionaire Adani to buy Holcim’s India cement biz for $ 10.5bn | Business and Economy News

Swiss building-materials firm Holcim Ltd. agreed to sell its Indian operations to local billionaire Gautam Adani, currently the richest person in Asia, another step in Chief Executive Officer Jan Jenisch’s pivot away from traditional cement. The company will sell its 63% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group, it said in a statement …

Billionaire Adani to buy Holcim’s India cement biz for $ 10.5bn | Business and Economy News Read More »

Indonesian farmers decry palm oil export ban as prices plummet | Food

Medan, Indonesia – Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient. Citing the need to control the price spikes, which have been exacerbated by the Ukraine war, disappointing harvests and the COVID-19 pandemic, Indonesian …

Indonesian farmers decry palm oil export ban as prices plummet | Food Read More »

China’s economy slows sharply as ‘zero COVID’ pummels activity | Coronavirus pandemic

China’s economy slowed sharply in April as Beijing’s ultra-strict “dynamic zero COVID” strategy dragged consumption and industrial production to their lowest levels since early 2020. The deteriorating economic picture comes as authorities have imposed full or partial lockdowns on dozens of Chinese cities, including the financial capital Shanghai, where more than 25 million residents have …

China’s economy slows sharply as ‘zero COVID’ pummels activity | Coronavirus pandemic Read More »

China’s tech workers face layoff bloodbath amid crackdown, losses | Technology

Beijing, China – Rather than a pink slip from his boss, Zhang Wei found out he was about to lose his job at Chinese video streamer iQiyi via a work group chat. Zhang’s supervisor only confirmed the news after the cuts at the Beijing-headquartered company last December leaked to the media. “Although I knew in …

China’s tech workers face layoff bloodbath amid crackdown, losses | Technology Read More »

‘Absolutely nothing’: Desperate parents swap, sell baby formula | Food News

A baby formula shortage in the United States is driving parents to swap, sell and offer leftover supplies to each other, while President Joe Biden plans to speak with manufacturers and retailers Thursday about the plight facing families. The problem is the result of supply chain disruptions and a safety recall, and has had a …

‘Absolutely nothing’: Desperate parents swap, sell baby formula | Food News Read More »

Europe gas spikes 22% as Germany quarrels with Russia over supply | Oil and Gas News

Shipments from Russia via Ukraine are set to fall by about 30 percent on Thursday following interruptions at a cross-border entry point as a result of the war in Ukraine. By Elena Mazneva and Anna ShiryaevskayaBloomberg Published On 12 May 202212 May 2022 European natural gas prices jumped following disruptions to a key transit route …

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Frugal Japanese tighten their belts as prices rise, yen slides | Business and Economy

Tokyo, Japan – Tatsuya Yonekura has not raised the prices at his Tokyo cafe since it opened three years ago. But as Japan’s inflation rises and the yen languishes at a 20-year low against the dollar, Yonekura may be left with no other choice. “I might have to raise the price of alcohol because the …

Frugal Japanese tighten their belts as prices rise, yen slides | Business and Economy Read More »

Frugal Japanese tighten their belts as prices rise, yen slides | Business and Economy

Tokyo, Japan – Tatsuya Yonekura has not raised the prices at his Tokyo cafe since it opened three years ago. But as Japan’s inflation rises and the yen languishes at a 20-year low against the dollar, Yonekura may be left with no other choice. “I might have to raise the price of alcohol because the …

Frugal Japanese tighten their belts as prices rise, yen slides | Business and Economy Read More »

Crypto crash: Bitcoin extends losses, drops 11% to $ 30,339 | Crypto News

The selloff in cryptocurrencies is part of a wider global flight from riskier investments. Bitcoin extended losses, dropping below $ 31,000 for the first time since July 2021, putting its decline from a November record high to more than 50% amid a global flight from riskier investments. The world’s largest digital token fell as much …

Crypto crash: Bitcoin extends losses, drops 11% to $ 30,339 | Crypto News Read More »