Industry

Global dairy crisis simmers as supply overwhelms

The weak global diary market, hit by oversupply and a tail-off in Chinese demand that has driven international milk prices down by around 50 percent, is unlikely to pick up anytime soon, analysts say.


Under external fire, European private equity opts to specialize

Outgunned by Chinese and Middle Eastern competitors and lacking the breadth of service of their U.S. rivals, European private equity firms are focusing on specific industries to compete on their home turf.

The 'king of wines' gets ready for a makeover

Dubbed the "king of wines, the wine of kings" by Louis XV of France, Hungary's Tokaji wine is undergoing a makeover as the region hopes to regain fame lost in decades of mismanagement.

Ireland says China agrees to lift ban on Irish beef

China has agreed to lift its ban on Irish beef, Ireland's Prime Minister Enda Kenny said on Friday, making it the only European country to be allowed to export beef to both the United States and China.


Latest News

The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering fresh evidence that the labor market was gathering steam.
Wal-Mart Stores Inc (WMT.N) said it would raise entry-level wages to $9 an hour, a 24 percent increase from the U.S. minimum wage that some employees now earn, succumbing to longstanding pressure to pay its workforce more.
The dollar was on the defensive against the yen and euro on Thursday, paring gains after minutes of January's Federal Reserve policy meeting showed officials were concerned about hiking interest rates too soon.
U.S. producer prices recorded their biggest drop in more than five years in January as the cost of energy and a range of other goods tumbled, hinting at a disinflationary trend that could argue against the Federal Reserve raising interest rates.
Bitcoin was founded on the precept that peer-to-peer transactions should be made easy and cheap. However, terrorists organizations gave allegedly exploited the alternative payment method.
American companies tired of seeing their earnings badly hurt by Venezuela’s crumbling bolivar currency system, can - with the stroke of a pen - get rid of much of the problem.
Diamond company De Beers, once a niche business for global miner Anglo American, is rapidly rising to become the jewel in its crown - with a brighter outlook than many of its metals.
Growing numbers of freighters were backed up around the two busiest U.S. cargo hubs on Sunday because of a dispute between shipping companies and dockworkers that has led to a partial shutdown of ports along the West Coast.
Two fifths of British workers landed significant pay rises last year but a similar number endured stagnant salaries as the fortunes of the workforce diverged sharply, a human resources organization said on Monday.
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind.