Australia’s mutton glut has sent prices tumbling, and some farmers are compelled to give their sheep away to save costs instead of rearing them on-farm.
Sam Altman’s back. Here’s who’s on the new OpenAI board and who’s out
After several days of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Three new board members have replaced the leadership that fired Altman.
Singapore’s Temasek warns that fake agents in China are trying to sell scam investments
The Singapore state investor has three offices in mainland China in Beijing, Shanghai and Shenzhen.
The ultimate work perk? This company provides a free place to stay in Spain
PhotoAid employees, who all work remotely, can stay in a company apartment on the Spanish island of Tenerife as often as they want — provided they work there.
European Central Bank VP says escalation in geopolitical risk could spark market correction
Markets “believe that we are going to have a soft landing, they believe that geopolitical risks will not escalate,” Luis de Guinos told CNBC.
Nigeria brings major Dangote refinery to life with own oil supply
Reuters exclusively reported that Nigeria’s state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs. The post Nigeria brings major Dangote refinery to life with own oil supply appeared first on Reuters News Agency.
Sunac shares surge 21% as Chinese property developer says it’s met restructuring conditions
Shares of Chinese property developer Sunac surged 21% after it said restructuring conditions had been satisfied and plans to overhaul its debt has taken effect.
Thailand’s economy is slowing, and it could mean trouble
Thailand’s economy grew at its slowest pace in almost a year in the third quarter, and analysts say this trend is here to stay.
China says it stands ready to work with Argentina despite Milei criticism
Argentina’s right-wing libertarian leader Javier Milei had been sharply critical of China on the campaign trail.
Biden and Xi’s meeting sent an important signal for U.S. business in China
The meeting between the two leaders has set a bottom line in the relationship which reduces uncertainty for businesses, analysts say.