Canadian competition bureau has major concerns about proposed Bunge-Viterra merger

Yahoo Finance Singapore
Why Kelly Jie Seafood sisters dropped corporate careers to keep mum's restaurant alive
From conflicts with family members to giving up lucrative careers, here's what the Kelly Jie Seafood sisters experienced when they took over the restaurant.
The Independent
Tesla suing Indian company for using its name
Elon Musk’s electric vehicle company is seeking unspecified damages and a permanent injunction from the company from a judge in New Delhi
Fortune
Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
The Telegraph
Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones
Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei.
Reuters
Ahead of Xi visit, Chinese share of French EV market slumps
PARIS (Reuters) -French government efforts to slow an influx of Chinese-made electric vehicles are bearing fruit, industry data show, highlighting one of the most sensitive trade issues when China's president visits next week. A surge in imports of Chinese electric cars into Europe has triggered EU tariff threats, which are expected to be a bone of contention when President Emmanuel Macron hosts his Chinese counterpart for a state visit on Monday. France did not wait for a European Union decision on implementing tariffs, instead redesigning its cash bonus scheme in December to exclude the purchase of models made in China, which had rapidly gained market share.
AFP News
Record loss for Russia's Gazprom as European market closed
Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine.Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to reduce their reliance upon Russian natural gas.
Reuters
Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports
Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss.
GOBankingRates
25 Ways To Make an Extra $500 a Month
With inflation pushing up the cost of daily life just about everywhere you go, people from all over the country are looking for ways to lower their spending -- but even that isn't enough in most...
Reuters
Exclusive-Uniper's dormant Russian gas contracts may pose hurdle to listing
Uniper, the biggest corporate victim of Europe's energy crisis, is looking to the courts to solve the issue of its dormant Russian gas supply contracts that could deter investors once it fully returns to the stock market, three people familiar with the matter said. In 2022, the German government rescued Uniper, once Gazprom's biggest European customer, after Uniper was forced to pay high prices to purchase supplies to make up for lost Russian gas when Gazprom halted deliveries. The German group has since replaced Russian gas volumes entirely via other suppliers.
GOBankingRates
Jaspreet Singh Says Learning 5 High-Income Skills Will Help You Make More Money
When you were a kid, you might have learned from parents, teachers or friends that the best way to earn a high income in adulthood is to get a college degree and become a doctor, lawyer or some other...
Reuters
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
The Irvine, California-based company's shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday's close. With the addition of the R2, Rivian expects a total annual capacity of 215,000 vehicles. The company said the funds from the state of Illinois would be spent on expanding the plant, improving public infrastructure and job training programs for its workforce.
Reuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
PA Media: UK News
UK services sector grows at fastest pace for nearly a year after spending boost
The S&P Global UK services PMI survey scored 55.0 in April, up from 53.1 in March and the highest level since May last year.
Reuters
India cenbank proposes tighter rules for project finance
The Reserve Bank of India (RBI) on Friday proposed to lenders that they set aside higher provisions for under-construction infrastructure projects and asked them to ensure strict monitoring of any emerging stress. The RBI said it issued draft guidelines "taking into account the experience of banks with regard to financing of project loans". Indian banks had seen large defaults across infrastructure loans starting 2012-2013 on account of exuberant lending, which led to a strain on the country's banking system.
Business Insider Video
How Hoka became a billion-dollar brand by selling comfort
Hoka was founded a little over a decade ago, and the brand is already worth more than $1 billion. We explore the shoe’s design and what makes the brand stand out from its competitors.
CNN Business
Restaurants are competing for frugal diners’ dollars
Dining out these days might seem like a luxury for Americans pinched by inflation. For some restaurants, it feels like a battle to get them to spend.
Moneywise
Over 30 million baby boomers will turn 65 soon — but two-thirds are not financially ready for retirement
Over half of these “peak boomers” have $250K or less in assets.
Yahoo Finance Video
April jobs data: Industries that are hiring
175,000 jobs were added to the US economy in April, according to the latest jobs data from the US Bureau of Labor Statistics, falling behind estimates of 240,000. Certain employment sectors saw significantly higher growth in nonfarm payroll jobs. Yahoo Finance's Alexandra Canal, Madison Mills, and Anjalee Khemlani break down hiring trends in three core industries: leisure and hospitality, manufacturing, and healthcare. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Reuters
Morgan Stanley, Frasers settle UK lawsuit over $1 bln margin call
British retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday. Frasers had sued Morgan Stanley for about 47 million euros ($50.5 million) after the bank imposed the margin call – security to cover possible losses – on the retailer's trading position in German fashion group Hugo Boss in May 2021. Ashley, whose fortune is estimated by Forbes to be worth $5.1 billion, gave evidence at the trial at London's High Court in February that the demand for collateral left him in "total shock".
Reuters
Canadian Natural Resources considering major expansion of Horizon oil sands mine
(Reuters) -Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday. President Scott Stauth said the company is considering a 195,000 barrel-per-day (bpd) expansion at its Horizon mining and upgrading plant in northern Alberta through new extraction and treatment processes. Previously the company said it could add 75,000 bpd of bitumen, but Stauth said Canadian Natural had been able to enhance engineering and scale up the processes.

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Canadian competition bureau has major concerns about proposed Bunge-Viterra merger

Latest stories

Why Kelly Jie Seafood sisters dropped corporate careers to keep mum's restaurant alive

Tesla suing Indian company for using its name

Apple’s China sales tell a different story than what analysts have heard for months. Where is the disconnect?

Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones

Ahead of Xi visit, Chinese share of French EV market slumps

Record loss for Russia's Gazprom as European market closed

Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports

25 Ways To Make an Extra $500 a Month

Exclusive-Uniper's dormant Russian gas contracts may pose hurdle to listing

Jaspreet Singh Says Learning 5 High-Income Skills Will Help You Make More Money

Rivian receives $827 million in incentives to expand Illinois facility, shares jump

US stands to lose Canadian natural gas when LNG Canada terminal starts up

UK services sector grows at fastest pace for nearly a year after spending boost

India cenbank proposes tighter rules for project finance

How Hoka became a billion-dollar brand by selling comfort

Restaurants are competing for frugal diners’ dollars

Over 30 million baby boomers will turn 65 soon — but two-thirds are not financially ready for retirement

April jobs data: Industries that are hiring

Morgan Stanley, Frasers settle UK lawsuit over $1 bln margin call

Canadian Natural Resources considering major expansion of Horizon oil sands mine