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What’s the global orange juice supply crisis – and should Australians be worried?

Jun 04, 2024 06:09 am UTC| Business

Oranges and all the things we can make from them are big business. But the industry is facing a severe crisis. About 50 million tonnes of oranges are grown each year, 34% of them in Brazil. Brazil is also the worlds...

Shein Engages with Labour Party Ahead of UK Election, Potential Listing

Jun 04, 2024 05:08 am UTC| Business Politics

In anticipation of the upcoming election, the Labour Party met with Shein to discuss the fast-fashion companys potential listing on the London Stock Exchange. Labours Mission for Growth In anticipation of its...

Very Unhappy Meals: Fast Food Chains with the Steepest Price Increases

Jun 04, 2024 03:28 am UTC| Business

Fast food prices at popular chains like McDonalds and Taco Bell have surged due to inflation, labor shortages, and other factors, leaving consumers frustrated. Inflation and Labor Shortages Drive Fast Food Prices...

Ford CEO Eyes Affordable EV Market, Drawing Inspiration from China’s BYD Success

Jun 04, 2024 03:17 am UTC| Business Technology

Fords CEO, Jim Farley, is determined to make electric vehicles (EVs) affordable, looking at Chinas BYD for inspiration. This initiative is part of Fords effort to reduce production costs and compete effectively in the EV...

Free Krispy Kreme Donut for All on National Doughnut Day, Plus a $2 Dozen Deal

Jun 04, 2024 02:50 am UTC| Business

Free Krispy Kreme for all on National Doughnut Day. How to walk off with your favorite flavor? On June 7, enjoy one free donut and get a dozen for $2 with any dozen purchase. Plus, Dolly Parton and Krispy Kreme announce...

Nike Has Resurrected Its Most Elderly Running Shoe: The Waffle Trainer Returns

Jun 04, 2024 02:10 am UTC| Business

Nike has resurrected its most elderly running shoe, the iconic Waffle Trainer, blending vintage design with modern updates for a stylish return this autumn. The Iconic Nike Waffle Trainer Returns: A Nostalgic Revival...

Toyota Apologizes for Certification Cheating; Mazda and Honda Also Admit Fault

Jun 03, 2024 21:42 pm UTC| Business

Toyota, Mazda, and Honda have halted production of several models, issuing apologies for cheating on vehicle certification tests. Impact on Toyotas Manufacturing On Monday, Toyota Chairman Akio Toyoda apologized for...

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Economy

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

Politics

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...