Author Archives
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Why Hasn’t Indonesia’s Prohibition On Palm Oil Exports Lowered Cooking Oil Prices?
Indonesia, the world’s largest supplier of palm oil, has banned shipments of the edible oil since April 28 in an attempt to flood the domestic market with supply in order to control rising cooking oil prices. Despite these strict rules,… Read More ›
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China’s Economy Dips In April As Factories And Retailers Are Shut Down
Widespread COVID-19 lockdowns confined workers and customers to their homes and significantly disrupted supply lines in April, casting a long shadow over the world’s second-largest economy. In March and April, full or partial lockdowns were imposed in key cities across… Read More ›
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Ukraine Will Be Offered Fresh Funding By The EU To Meet Pressing Requirements
According to reports quoting officials, the European Commission will propose a new package of financial aid to Ukraine on Wednesday, including additional loans to provide immediate liquidity to Kyiv and long-term financing obligations for the country’s rehabilitation. The amount of short-term… Read More ›
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Russia Says It Has Nationalized Renault’s Moscow Factory
Following pressure over its prolonged presence in Russia, Renault has stated that it will sell its majority holding in Avtovaz. The French automaker announced that it will sell its 68 percent stake in Renault Russia to a Russian science institute,… Read More ›
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Death Related To E. Coli At Nestle Pizza Plant To Be Investigated By French Prosecutors
Prosecutors in France have opened a preliminary criminal investigation after E. coli illnesses connected to a pizza factory for Nestle’s Buitoni brand may have resulted in one person’s death. An inquiry was launched on Thursday on allegations of involuntary murder… Read More ›
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A Record Number Of Polluters Have Committed To Reducing CO2 Emissions
According to a UN-backed research, a record number of major polluters have committed to reducing CO2 emissions. However, corporations in Asia, Africa, and Latin America fall behind those in Europe, the United States, and Japan, according to the Science-Based Targets… Read More ›
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Shell Will Divest Its Retail Business In Russia To Lukoil
Shell has agreed to sell almost 400 of its petrol outlets in Russia to Lukoil, the country’s second largest oil company. Shell Neft, the company’s Russian business, will be sold for an unknown amount. Following Russia’s invasion of Ukraine, many… Read More ›
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Recession Fears Grow In The UK As Spending Is Hit By Inflation
Analysts have warned that the possibility of a recession has increased after the UK economy fell in March, just as the country was recovering from the pandemic. Higher prices are “starting to bite,” according to the UK statistics authority, with… Read More ›
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India Reports Record Sale Of Wheat In April At 1.4 Mln Tonnes Amid Ukraine Crisis
According to reports quoting trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to Black Sea supply hit hard by the Ukraine conflict. The first month… Read More ›
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Amid A Worldwide Supply Problem, Malaysia May Halve Its Palm Oil Export Tariff
Malaysia’s commodities ministry has proposed halving the export tariff on palm oil to help alleviate a worldwide edible oil shortfall and boost the country’s market dominance. In an interview with Reuters on Tuesday, Plantation Industries and Commodities Minister Zuraida Kamaruddin… Read More ›
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