Froneri, the ice-cream venture between Nestlé and PAI Partners, is investing €30m ($34.1m) to add new production lines at a plant in Germany. With a view to increasing manufacturing capacity at the site in Osnabrück in the north-west state of Lower Saxony, Froneri said the
Nvidia chief signs a congressional letter advocating for open AI frameworks, signaling policy engagement amid regulatory scrutiny. Nvidia CEO Jensen Huang has joined X, the social media platform formerly known as Twitter, and used his first post to announce his signature o
A nationwide strike by goods transporters could disrupt supply chains amid rising fuel prices linked to Middle East tensions. Pakistan’s goods transport alliance warned of an imminent nationwide strike over surging fuel costs, escalating economic pressures. The group criti
Higher diesel prices and shipping disruptions in the Middle East threaten to push US consumer prices up further, complicating Fed policy. US diesel prices have climbed sharply, raising transportation costs for groceries and construction materials. The increase comes as Mid
Explosions heard in Saudi Arabia early Friday Explosions were reported in Saudi Arabia, with claims of a drone striking logistics warehouses used by the U.S. Army. The incident, if confirmed, would mark another escalation in the regional conflict. Market pa
The European Union expands restrictions to 14 crypto platforms and 94 financial institutions to curb Russia’s sanctions evasion efforts. The European Union adopted its 21st sanctions package against Russia, targeting a $120 billion crypto network linked to cross-border pay
Tehran targets US radar, communications, and air-defense assets in Bahrain, Kuwait, and Jordan following 12 nights of US strikes. Iran has launched attacks on US military infrastructure in Bahrain, Kuwait, and Jordan, hitting radar, communications, and air-defense faciliti
New duties target a broad range of imports, escalating trade tensions ahead of key economic meetings next week. The U.S. imposed tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including neighbors like Canada and Mexico. The move, enacted under Secti
Rising US-Iran conflict and expectations of tighter monetary policy weigh on gold, erasing recent technical gains. Gold prices fell sharply, reversing most of a recent rebound as escalating US-Iran tensions and heightened rate hike bets dampened demand. The conflict pushed
Washington replaces expiring 10% levies with targeted tariffs to address forced labor concerns, sparking policy uncertainty. The US has imposed new tariffs on more than 50 trading partners, replacing a temporary 10% levy set to expire. The move aims to combat forced labor
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