Industry

Nestle's Nescafe Is Brewing $196 Million Investment in Brazil to Tap Into Rising Coffee Demand Among Young Caffeine Lovers

Nestle's Nescafe Is Brewing $196 Million Investment in Brazil to Tap Into Rising Coffee Demand Among Young Caffeine Lovers

Nestle is reportedly planning to invest 1 billion reais ($196.5 million) in Brazil over the next two years to boost production capacity and out-of-home sales of its Nescafe products.


Canada Slaps Binance With $4.38 Million Fine for Violating Anti-Money Laundering and Terrorist Financing Laws

Canada's financial watchdog has slapped Binance with a fine of nearly $4.38 million for violating anti-money laundering and terrorist financing laws.

Boeing's Statements on Safety Practices Being Investigated by SEC After Side Panel Breaks Off Plane

The SEC has launched an investigation into Boeing's statements regarding its safety practices following an incident involving a 737 Max 9 aircraft in January.

Donald Trump Allegedly Asks $1 Billion from Oil CEOs, Promising Them He'll End EV Incentives

Donald Trump allegedly promised oil CEOs that he'd end EV incentives if they could donate $1 billion to his election campaign. Is this true?


Latest News

'Cheap' Chevrolet Malibu to Be Phased Out by GM After 60 Years to Focus on Producing New EVs
General Motors said it will stop producing affordable Chevrolet Malibu cars later this year. The Chevrolet Malibu car is the final cheap sedan in General Motors' vehicle portfolio in the United States.
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading.
Norway’s Oil Explorer Undergoes Final Checks Before Sailing to Barents Sea Oil Field
The Norwegian oil production tanker Johan Castberg is undergoing final checks before she sets sail for a Barents Sea oil field of the same name by Q4 2024.
Elon Musk Wants to Deploy Tesla Robotaxis in China: Reports
During his recent visit to China, Elon Musk reportedly proposed conducting testing of Tesla robotaxis in the country.
Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged shareholders to revolt against a salary increase for its CEO, Lucian Grainge.
Kenya Sugar Millers Threaten Shutdown Over Court-Ordered Increase in Farmers' Pay
Kenyan sugar industry turmoil escalates as millers resist a court-ordered pay raise for farmers. A threatened shutdown risks 30,000 jobs and impacts market stability.
NIO Teams Up with GAC Group for Unified Battery Standard, Charging Solutions
NIO partners with GAC Group to establish unified battery standard and advance EV charging solutions, aligning with previous collaborations to pioneer standardized EV technologies
Spirit Airlines Offers Early Departure Packages to Salaried Employees: Here's Why
Ted Christie pointed out the dominance of profits by a handful of major carriers like American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines, who together hold 78% of US domestic airline seats.
Amazon Rolls Out First Fleet of Electric Seaport Trucks in a Bid to Reduce Pollution
Amazon unveiled Tuesday its first fleet of Volvo electric trucks, which will be used to get cargo at the country's busiest container seaport in Southern California.
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