France’s Macron backs Ethiopia’s debt restructuring efforts
ADDIS ABABA (Reuters) – French President Emmanuel Macron expressed full support on Saturday for Ethiopia’s debt restructuring efforts, emphasising the need for a swift resolution “in the coming weeks”. The backing from Macron, who is visiting Ethiopia after a stop…
Can food prices fall?
Investing.com — Food prices, while no longer rising as rapidly, is expected to remain at the higher level than past, and a meaningful decline may be unlikely, according to UBS analyst Paul Donovan. Most of the cost consumers pay occur after…
Barclays on trade risks as U.S. set to escalate tariff
Investing.com — The U.S. trade landscape is under scrutiny as investors brace for potential tariff escalations under a new administration. Barclays (LON:BARC) analysts on near-total visibility into commodities crossing U.S. borders, said Mexico’s growing prominence as the U.S.’s largest trading partner…
Volkswagen to cut more than 35,000 jobs in Germany by 2030
FRANKFURT (Reuters) – Volkswagen (ETR:VOWG_p) on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.65…
Mexican president confident Congress will ban planting GM corn in 2025
MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum expects Congress to approve a ban early next year on planting genetically modified corn in the country, she said on Saturday. Sheinbaum’s announcement comes a day after a trade-dispute panel ruled Mexico’s…
Stellantis reverses decision to lay off 1,100 at Ohio Jeep plant
(Reuters) – Stellantis (NYSE:STLA) has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, instead extending a worker adjustment and retraining notification notice, the Franco-Italian automaker said late on Saturday. No employees will be placed…