China’s rapid rise in offshore wind is reshaping the global energy landscape. Anchored off the coast of southern China, the OceanX turbine, with its double-headed design, is capable of harnessing more power than any other floating wind turbine currently in operation.This breakthrough highlights how Chinese companies are scaling faster than…
Fast fashion retailer Forever 21 is preparing another comeback in China, marking its fourth attempt since first entering the market in 2008, with the company also looking for a partner to help re-establish the brand in North America months after it filed for bankruptcy in the country. Despite a history…
A tense and divided morning is unfolding across European markets, as a resilient month-long rally runs headlong into its final and most formidable obstacle: a transatlantic deluge of inflation data. After a turbulent week dominated by political drama and corporate intrigue, investors are now bracing for a day of reckoning…
China is reshaping global soybean trade flows by turning to Argentina and Uruguay for record shipments, as the trade conflict with the US continues to disrupt agricultural commerce. Chinese importers are set to secure up to 10 million metric tons of soybeans from the two South American producers in the…
India’s refiners are turning to US crude imports at a faster pace as geopolitical pressure intensifies over their reliance on Russian oil. The shift comes after a recent drop in US crude prices, making the grade more attractive compared to Middle East benchmarks. At the same time, Washington has renewed…
Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief to South African miners.Northam Platinum, a prominent South African mining company, announced a significant downturn in its annual profitability on…
Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), on Friday confirmed that Reliance Jio will debut on Indian stock exchanges in the first half of 2026. Speaking at the conglomerate’s 48th annual general meeting, attended virtually by more than 4.4 million shareholders, Ambani said that preparations for the much-anticipated…
The Barclays, NatWest, and Lloyds share prices plunged on Friday, dragging the blue-chip FTSE 100 Index. NatWest stock plunged to 512p, down by almost 10% from its highest point this year. Windfall tax proposal drags Barclays, NatWest, Lloyds share pricesLloyds share price plunged by over 7.2% from the year-to-date high, in…
Eli Lilly has partnered with a leading Chinese tech company, JD Health to fast-track its presence in China’s rapidly expanding obesity drug market, boosting the company’s global growth in the weight-loss sector.Eli Lilly’s move into the obesity drug market is reshaping the global pharma landscape. After the success of drugs…
TechMet, a US government-backed investment vehicle, is set to launch a new trading arm dedicated to critical minerals. This strategic move aims to carve out a significant presence in the rapidly expanding market for Western supplies of these essential materials, an area currently dominated by China. The CEO of TechMet announced this…