NEW YORK — Nvidia shares dipped on Wednesday as investor concerns mounted over the future of the company’s business in China, which remains entangled in the ongoing trade tensions between Washington and Beijing. The decline followed Nvidia’s second-quarter earnings report, which exceeded Wall Street expectations with $46.74 billion in revenue. However, the company did not […]
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BEIJING — Iron ore futures rose sharply this week after Rio Tinto (NYSE:RIO) suspended operations at its SimFer mine in Guinea following the death of a contract worker. The incident prompted a halt in activity at one of the world’s largest untapped iron ore deposits, raising concerns over supply disruptions. On China’s Dalian Commodity Exchange, […]
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BRUSSELS — Ryanair Group CEO Michael O’Leary has confirmed that Boeing will deliver 25, 737-8200 aircraft by October 2025, significantly ahead of the previously scheduled timeline of spring 2026. The accelerated delivery was announced during a press briefing in Brussels, where O’Leary expressed satisfaction with Boeing’s improved production pace. “The quality of what they’re delivering […]
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The report from the World Health Organization (WHO) and children’s agency (UNICEF) issued as World Water Week gets underway, highlights persistent gaps in access, with vulnerable communities facing the greatest disparities. Some 2.1 billion people still lack access to safely managed drinking water, while 106 million worldwide are forced to rely on untreated surface sources. “Water, […]
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When starting or investing in a business, it’s essential to understand the different structures that exist. From sole proprietorships to complex corporate groups, each structure has its own advantages and disadvantages. Let’s explore the various business structures, including holding companies, partnerships, and shareholder structures. Sole Proprietorship: One Owner, Unlimited Liability A sole proprietorship is a […]
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EAST HARTFORD, CT — RTX Corporation announced Tuesday that its Pratt & Whitney division has been awarded a $2.8 billion modified contract by the U.S. Department of Defense to produce F135 engines for the F-35 Lightning II fighter jet program. The contract covers Lot 18 production of engines for all three F-35 variants: conventional take-off […]
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HANSALPUR, INDIA — Japan’s Suzuki Motor has announced a major investment of ₹700 billion ($8 billion) in India over the next five to six years, coinciding with the launch of its first electric vehicle (EV) production in the country. Chairman Toshihiro Suzuki confirmed the commitment during an event at the company’s Hansalpur plant in Gujarat, […]
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WASHINGTON — Korean Air has confirmed an order for 103 Boeing aircraft, marking the largest purchase in the airline’s history. The deal, announced Monday, includes a mix of 787, 777, and 737 passenger jets and is intended to modernize the carrier’s fleet amid its merger with Asiana Airlines. The agreement was unveiled shortly after South […]
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Canada will eliminate reciprocal import tariffs on U.S. goods covered under the Canada-U.S.-Mexico Agreement (CUSMA) starting 1 September, Prime Minister Mark Carney announced following a recent call with U.S. leadership. While tariffs on steel, aluminium, and automobiles will remain in place, the move aims to preserve Canada’s trade advantage, with 85% of goods exchanged with […]
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BRUSSELS — The European Union and the United States have concluded a landmark trade and energy agreement that will see Europe import $750 billion worth of American liquefied natural gas (LNG), oil, and nuclear energy by 2028. In parallel, European companies will invest $600 billion in U.S. infrastructure, energy, and AI technologies. The deal mandates […]
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