Newsfeed – Business News
As IPO nears, Leopard tank maker KNDS rides Europe’s rearmament wave
FRANKFURT, May 27 — Franco-German tank and weapons maker KNDS reported booming earnings yesterday as it gears up to launch the latest initial public offering in the fast-growing defence sector. […]
BP sacks chairman Albert Manifold less than a year into role, shares slide
LONDON, May 27 — British oil giant BP unexpectedly removed Albert Manifold as chairman yesterday after less than one year in the role, citing “serious concerns” about governance standards, oversight […]
Fuel shock from Iran war pushes Bangladesh back to IMF negotiating table
WASHINGTON, May 27 — The International Monetary Fund said yesterday it was in negotiations with the Bangladeshi government for a new assistance programme at Dhaka’s request, as the South Asian […]
Samsung workers approve AI-era pay deal and pull back from strike brink
SEOUL, May 27 — Samsung Electronics’ unionised workers in South Korea voted to approve a tentative wage deal, the union said today, averting a strike that threatened to rattle global […]
Samsung workers vote on blockbuster AI-era pay deal that helped avert major strike
SEOUL, May 27 — Samsung Electronics’ labour union is expected to announce today whether chip workers voted to ratify a wage deal that would deliver massive AI-linked bonuses and helped […]
Micron joins US$1t club as Wall Street rallies through Iran war nerves
NEW YORK, May 27 — Wall Street stocks mostly rose yesterday, lifting the S&P 500 and Nasdaq to fresh records on hopes for a Middle East peace deal. The gains […]
India’s prized Alphonso mango crop ruined by weather, US$2.3b industry reels from losses
DEVGAD (India), May 27 — In India’s western state of Maharashtra, mango farmer Komal Walke is scrambling to meet orders from India’s online grocers after her family’s three acres of orchards […]
Food or fuel? India’s ethanol boom sparks farmland tug-of-war
Land tied to ethanol crops rises 8-fold in 4 years Grain-based ethanol now overtakes sugarcane Experts warn fuel push may strain food and feed systems NEW DELHI, May 26 — […]
Mango founder’s son denies ‘unjust and unfounded’ murder accusation over father’s death
BARCELONA, May 26 — Jonathan Andic, son of the founder of the Mango clothing empire, who has been arrested in Spain as part of an investigation into his father’s 2024 […]
Bursa Malaysia closes lower as US-Iran tensions spark risk-off mood before Aidiladha break
KUALA LUMPUR, May 26 — Bursa Malaysia closed lower today, as investors squared off positions ahead of the long holiday period amid heightened tensions between the US and Iran. The […]