Wilmar reported a 26.2% drop in net profit in the Q1Commodities

Wilmar reported a 26.2% drop in net profit in the Q1

Agribusiness group Wilmar International reported a 26.2 percent drop in net profit to $391.4 million in the first quarter ended…

Microsoft Continues to Invest in Fighting the Climate CrisisCommodities

Microsoft Continues to Invest in Fighting the Climate Crisis

In April, Japan’s export growth reached its slowest rate in over two years, primarily driven by a decline in shipments…

Mercedes has completely withdrawn from RussiaCommodities

Mercedes has completely withdrawn from Russia

The automotive giant announced that the German Mercedes had completely withdrawn from the Russian market 14 months after the Russian…

Strong growth in RES capacity in China in Q1Commodities

Strong growth in RES capacity in China in Q1

Installed renewable energy sources (RES) capacity in China experienced strong growth in the Q1 of this year as part of…

Tesla Shanghai factory delivered 75,000+ vehicles in AprilCommodities

Tesla Shanghai factory delivered 75,000+ vehicles in April

Tesla’s Shanghai factory delivered 75,842 vehicles in April, according to data from the China Passenger Car Association (CPCA). The American…

US efforts to slow AI development are failingCommodities

US efforts to slow AI development are failing

US microchip export management presented last year to restrict China’s technological development of supercomputers or AI systems like ChatGPT has…

In five years, AI will replace 7,800 employees at IBMCommodities

In five years, AI will replace 7,800 employees at IBM

IBM CEO Arvind Krishna said the US IT giant would pause hiring for roles it thinks could be replaced by…

Big oil producers want to join BRICSCommodities

Big oil producers want to join BRICS

Saudi Arabia, the United Arab Emirates, Algeria, Egypt, Bahrain, and Iran, who are all big oil producers, have officially requested…

Oil prices are stagnating due to macroeconomic uncertaintyCommodities

Oil prices are stagnating due to macroeconomic uncertainty

Oil prices fell Tuesday in international markets after a slight rise in the previous two trading days, pressured by an…

Russia bypasses sanctions through “third countries”Commodities

Russia bypasses sanctions through “third countries”

The United States cautioned European nations against Russia’s circumvention of sanctions by bringing in goods and technology which are sensitive…