China’s factories are churning out more steel, cars and solar panels than its slowing economy can use, forcing a flood of cheap exports into foreign markets. The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners,...
photo: AP / Stephen B. Morton
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed. The volume of losses have increased by one third since the last tally in August last...
photo: Creative Commons / valeriy.dmitriev
It has been described as a demographic catastrophe. The Lancet medical journal warns that a majority of countries do not have a high enough fertility rate to sustain their population...
photo: AP / Rafiq Maqbool, File
Italy has sold a further 12.5% stake in bailed-out lender Monte dei Paschi di Siena, pocketing €650m and advancing plans to re-privatise the world's oldest bank after a failed first attempt in 2021. The transaction, carried out through an accelerated bookbuilding procedure (ABB), is part of Rome's...
photo: Creative Commons / TuscanyFirenze01 https://commons.wikimedia.org/wiki/User:TuscanyFirenze01
Oil and gas mergers, largely in the Permian Basin spiked last year as companies sought to consolidate assets in the booming region, according to a government report issued last week. Corporate mergers and acquisition (M&A) were valued at about $234 billion in 2023, the report read, outpacing every...
photo: Creative Commons / Tony Webster
When Apple launched its first Mac computer in 1984, with its iconic Mac smiley-face “hello” greeting, it wanted to differentiate itself in the fledgling PC market. The Mac was approachable with its friendly, innovative design – Apple’s way of setting the Mac apart in the confusing PC landscape. That...
photo: AP / Jeff Chiu, File
Americans hamstrung by high borrowing costs on car loans, mortgages and credit cards shouldn’t expect much of a break this year. That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. Currently, the Fed’s target...
photo: Creative Commons / AgnosticPreachersKid
Higher chocolate prices this Easter after bad crops on the other side of the world are just the latest example of disruptions in the food supply chain, a trend experts say consumers are noticing in growing numbers. “I think people are becoming more interested in where their food comes from,” said...
photo: Creative Commons / Marco Verch
Things have gone from bad to worse for Adidas. After a costly break-up with US rapper Ye that helped push the German sportswear giant into a rare loss last year, it’s now suffered a bruising defeat on home turf. The German Football Association (DFB) announced Thursday that the company’s arch rival...
photo: AP / Chris O'Meara