Category: Business

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. […]

SÃO PAULO — LATAM Airlines Group has announced an agreement to acquire up to 74 Embraer E195-E2 aircraft, marking a significant expansion of its regional fleet and reinforcing its commitment to improving connectivity across South America. The deal includes a firm order and options, with deliveries expected to begin in the coming years. The E195-E2, […]

The United States welcomes the outcomes of today’s high-level event on Haiti during the United Nations General Assembly High-Level Week, where Deputy Secretary of State Christopher Landau and Kenyan President Ruto joined international partners to address the urgent security crisis in Haiti. This meeting underscored the international commitment to establishing a UN Support Office for […]