The ongoing spread of a cocoa bean disease in West Africa continues to disrupt the market. On March 26, the cocoa price hit the $10,000 mark. The price has surged 136.44% in 2024 by gaining $5,852.45.
Reuters has reported that Chinese regulators are pressuring commercial banks to speed up the approval of new loans for private real estate developers.
The US pharma company AbbVie has decided to acquire the drug development firm Landos Biopharma for $212 million.
The Swedish tech firm Ericsson has announced that the firm would fire 1,200 employees due to a reduction in investment spending.
The Chief Executive Officer of Boeing Dave Calhoun is set to step down by the end of the year, as the board of the company has decided to shake up the management.
The major tech firm has announced that it would continue on to defend its compliance with the European Union's Digital Marketing Act, as the company claims to have made changes to comply with the new law.
The weight loss drug maker Novo Nordisk has acquired Cardior Pharmaceuticals for $1.1 billion to improve the company's cardiovascular segment.
Reuters has published a report that describes how a potential US interest rate cut might increase the chances of a re-election of the US President Joe Biden.
The European Union regulators have decided to probe Apple, Google and Meta under the new EU Digital Markets Act.
The US National Highway Traffic Safety Administration has forced Chrysler to recall 286,000 cars that have a defect which causes a rupture of airbag inflators.
As Boeing has been suffering with quality issues, Airbus has clenched orders for Boeing's customers. Two Asian airlines have ordered 65 jets from the European company.
The dollar denominated government bonds of Argentina have experienced a surge and reached an all-time high level. This surge has been attributed to the President Javier Milei managing to transform the country's economy.
Reuters has published a report that has revealed that Japanese firms are set to face financial difficulties due to the Bank of Japan raising interest rates. Namely, companies have priced in lower borrowing costs for future investments.
Bloomberg News has revealed that Chinese authorities have been investigating PricewaterhouseCoopers for its part in the $78 billion Evergrande fraud.
The group of Japanese workers unions Rengo has announced that it has succeeded at arranging a 5.25% pay raise for 2024 for its members. This is the largest arranged wage hike since 2013.
Microsoft, X, Match and Meta have joined Epic Games in the protest that claims that Apple has not honoured the court-order that governed Apple App Store.
In February, sales of new cars in the European Union have risen 10.1% on an annual base. The sales have increased from 5.4% in Germany up to 13.0% in France.
The German auto brand Mercedes Benz has been forced by US regulators to recall 116,020 cars due to a faulty 48 volt connection.
As the race to augment AI into vehicles accelerates, NVidia has been cooperating with BYD and other Chinese producers in developing self-driving cars.
The Consumer Price Index of Canada has revealed that prices have grown in 2.8% in February, compared to February of 2023. The markets expected a 3.1% increase. On a month on month basis prices have risen 0.3% instead of forecast 0.6%
On Thursday, the stock price of Apple plummeted 4.37% or $7.81. The drop was caused by a major US antitrust lawsuit that accuses the company of monopolizing smartphone markets.
The US electric vehicle maker Tesla has announced that it would increase prices for the Model Y cars that are produced in China from April 1.
The US tech company Intel intends to spend $100 billion on the construction and expansion of factories across the United States. Intel has gained $19.5 billion in federal grants and expects to secure $25 billion in tax deductions.
Reuters has revealed that JPMorgan Chase has assembled a sports-focused investment team that is set to evaluate investing into sports franchises.