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Business
Jack Ma Gets Back Into Business With ‘Ma’s Kitchen Food’
Jack Ma sparked speculation about his next endeavors after the billionaire seeded a small company to process and sell farming produce, in his latest venture since retreating from the spotlight at the height of a government-led industry…
Black Friday Shoppers Set Online Spending Record, Adobe Says
Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season.
Demand for electronics, smartwatches, TVs and…
Amazon Hit By Strikes, Protests Across Europe During Black Friday Trade
Amazon workers came out on strike at multiple locations across Europe on Friday as protests against the U.S. e-commerce giant's working practices picked up pace on one of the busiest shopping days of the year.
"Make Amazon Pay", a global…
China Weighs Ending Freeze On Boeing With 737 Max Deal In US
Boeing Co. may finally see a sales breakthrough for its 737 Max aircraft in China when presidents Joe Biden and Xi Jinping meet this week, ending a long commercial freeze in a critical overseas market for the US planemaker.
The Chinese…
Union Bank Gets EBRD €2m Loan To Aid Albania’s Agribusiness, Tourism
The European Bank for Reconstruction and Development (EBRD) is providing a loan of about €2 million to Union Bank, to support financing of the agribusiness and tourism sectors. This investment will aim to boost on-lending directed at two…
Saudi Arabia’s Third Future Minerals Forum Holds January 2024
The third edition of the Future Minerals Forum (FMF) of the Saudi Ministry of Industry and Mineral Resources (MIM) will be held from January 9-11, 2024, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia, under…
China Exports See Biggest Drop For Three Years
China's imports and exports fell more sharply than expected last month as weaker global demand threatened the recovery prospects of the world's second-largest economy.
Official figures show that exports fell by 14.5% in July…
Uranium Price Ticks Up After Niger Coup, More Gains Expected
The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world's seventh largest producer of the radioactive metal, but a consultancy said prices may rise in coming…
Heineken Lowers Earnings Forecast As Beer Consumption Drops
Heineken NV lowered its earnings guidance as consumers bought less beer after the brewer imposed major price increases, especially in markets like Vietnam.
Operating profit slumped 22% in the first half, the Amsterdam-based brewer said…
Nigeria’s Exports To Brazil Hit $1.035bn In Seven Months
Nigeria's total exports to Brazil rose to $1.035 billion between January and July this year, official information obtained by InsideBusiness has shown.
The information, obtained from the office of the consulate general of Brazil in…