Category: Business

After firm expansion last year, seaborne trade volumes are forecast to rise by just 0.5 per cent in 2025, the slowest pace in years, according to the agency’s Review of Maritime Transport 2025, launched in Geneva. The slowdown comes as geopolitical tensions, new trade barriers and climate pressures reshape shipping routes, push up costs and […]

Investment, optimism and anxiety: these are three of the big drivers of interest in artificial intelligence and its implications.  Because the challenges and opportunities are global, the responses also need to be far more comprehensive than the fragmented and siloed solutions that have been enacted thus far: A UN report from 2024 found that 118 countries […]

At this stage, no official sale price has been disclosed for Glencore’s 75% stake in the Kamoto Copper Company (KCC). However, sources familiar with the matter have confirmed that Glencore previously rejected an unsolicited offer from Orion Resource Partners, which was working in partnership with Abu Dhabi’s ADQ. While the valuation of the asset remains […]

WASHINGTON — The U.S. Federal Aviation Administration (FAA) has proposed civil penalties totaling $3,139,319 against Boeing for a series of safety violations identified between September 2023 and February 2024. The enforcement action follows a high-profile incident on January 5, 2024, when a door plug detached mid-flight from a Boeing 737 MAX 9, prompting renewed scrutiny […]

BASEL — Swiss pharmaceutical giant Roche has agreed to acquire U.S.-based biotech firm 89bio in a deal valued at up to $3.5 billion, marking a strategic move into the rapidly expanding weight-loss therapeutics market. The acquisition centers on 89bio’s lead candidate, pegozafermin, a novel compound in late-stage development for nonalcoholic steatohepatitis (NASH) and severe hypertriglyceridemia—conditions […]

U.S. pharmaceutical giant Eli Lilly has announced plans to produce its next-generation experimental weight-loss pill, orforglipron, at a newly proposed $6.5 billion manufacturing facility in Texas. The investment marks one of the company’s largest single-site expansions and reflects growing demand for obesity treatments worldwide. Orforglipron, a once-daily oral GLP-1 receptor agonist, is currently undergoing clinical […]

Boeing has announced its largest-ever single order from Uzbekistan Airways, with the carrier agreeing to purchase up to 22 787 Dreamliner aircraft. The deal, valued at over $8 billion according to President Donald Trump, marks a significant milestone for both the U.S. aerospace giant and Uzbekistan’s national airline. The agreement includes firm orders and options […]

The Mexican government passed a package of outrageously privacy-invasive laws in July that gives both civil and military law enforcement forces access to troves of personal data and forces every individual to turn over biometric information regardless of any suspicion of crime.    The laws create a new interconnected intelligence system dubbed the Central Intelligence […]

In a bold pivot from agriculture to artificial intelligence, China is transforming a 760-acre island of rice fields in Wuhu, Anhui Province, into a sprawling data center complex dubbed the “Stargate of China.” The $37 billion initiative aims to consolidate the country’s fragmented AI infrastructure and accelerate its computing capabilities amid growing global competition. The […]

BOCA RATON — ODP Corporation, the parent company of Office Depot, has announced a definitive agreement to be acquired by Atlas Holdings in a transaction valued at approximately $1 billion. The deal will take the company private, marking a strategic shift for one of the most recognized names in US office supplies and business services. […]