Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea.
"The instructions were very clear: when you see a thief, you chase him until you arrest him and you beat him up brutally," says Daniel Kamau Wainaina, a former security guard on a Kenyan pineapple plantation owned by US food giant Del Monte.
The Containerized Freight Index has more than doubled since the beginning of October 2023, from 850 to 2,179 points. It increased 419 points or 24% since the beginning of 2024 alone.
British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices.
Kering, whose other houses include Yves Saint Laurent, Balenciaga and Bottega Veneta, reported a 17 percent drop in net profit to 2.98 billion euros ($3.2 billion).
Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.
Israeli Prime Minister Benjamin Netanyahu has ordered troops to prepare to enter the overcrowded Gazan city of Rafah, even as a new round of talks aimed at securing a truce with Hamas were set to open Thursday in Cairo.
Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, as the country's leaders struggle to revive buying sentiment in the world's second-biggest economy.
Most Asian stocks rose Thursday following another record on Wall Street, with strong earnings, a resilient US economy and Chinese moves to boost the country's markets playing up against fading hopes for an early Federal Reserve interest rate cut.
Conflict between M23 rebels and government forces is intensifying in eastern Democratic Republic of Congo's Masisi territory, local sources said, with six killed on Wednesday and many more injured.
Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.
Democrats pushed Wednesday to secure US aid for Ukraine, following a day of humiliating legislative setbacks for Republicans that underlined congressional dysfunction on key areas of domestic and international policy.
Saturn's small moon Mimas seems an unlikely suspect in the hunt for life in Earth's backyard -- it is probably best known for looking like the "Death Star" in the Star Wars films.
Thousands of farmers used tractors to block roads across Spain for the second straight day Wednesday amid Europe-wide protests against cheaper imports and heavy regulation.
Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo.
The vote to delay Senegal's presidential election until December "cannot be considered legitimate", the US state department said, after the move plunged the normally stable West African nation into its worst crisis in decades.
A Swedish prosecutor probing the 2022 sabotage of the Nord Stream gas pipelines linking Russia and Germany said Wednesday he was closing the investigation because Sweden does not have jurisdiction.
French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied natural gas and electricity divisions.
China's slide into deflation came when Japan was snapping out of it. In the third quarter of 2023, Japan's residential property price index rose at an annual rate of 2.4%, following an even more significant rise in the previous two quarters.
US Secretary of State Antony Blinken was in Israel on Wednesday, where he was expected to press for what he called an "essential" truce agreement as the war with Hamas entered its fifth month.
A wave of strike action has brought Germany to a standstill in recent weeks, as Europe's largest economy has struggled for growth and consumers have felt the pinch from sky-high inflation.
Hong Kong and Shanghai stocks extended their rally Wednesday on hopes for more Chinese measures in support of battered markets, while traders elsewhere in Asia tracked Wall Street advances fuelled by strong earnings.
US automaker Ford topped earnings expectations in the fourth quarter of 2023 and is forecasting higher profits this year despite greater labor costs and losses in its electric vehicle segment, according to a financial report released Tuesday.
A "Star Wars" actor backed by Elon Musk's X is suing Disney for firing her over inflammatory social media posts about the Holocaust, the pandemic and trans rights.
Four of the bolts securing the panel of a Boeing 737 MAX 9 Alaska Airlines jet that blew off mid-flight last month were missing, according to a preliminary investigation published Tuesday.
Ukraine's soldiers fighting on the frontlines have little patience for the rumours swirling in Kyiv that President Volodymyr Zelensky may soon fire their beloved army chief Valery Zaluzhny.
The former CEO of WeWork is leading a bid to acquire the company out of bankruptcy, with backing from investors like Third Point.
Since its roots in the civil rights movement and affirmative action in the 1960s, diversity, equity, and inclusion (DEI) has evolved. Today, it is one of the most salient business concerns, with virtually every company in different jurisdictions all over the world looking to reap the value of DEI principles.
The main suspect in a deadly gas blast and blaze in a densely populated area of Nairobi that killed six people and injured around 280 was Tuesday placed in detention after appearing in court.
Meta on Tuesday said it is working with other tech firms on standards that will let it better detect and label artificial intelligence-generated images shared with its billions of users.
