Unilever sells local Ben & Jerry’s business to Israeli firm | Israel-Palestine conflict News

Multinational consumer goods company Unilever has sold its Ben & Jerry’s ice cream business in Israel to its local licensee for an undisclosed sum, after the United States brand announced last year that it would stop marketing products in Israeli-occupied Palestinian territories, saying it was “ inconsistent” with its values. Under the new arrangement, announced … Read more

Bitcoin set for worst quarterly drop in a decade | Business and Economy News

For all the gloom, some analysts say that the bottom may be near. by Joanna OssingerBloomberg Published On 30 Jun 202230 Jun 2022 Bitcoin is on track for its worst quarter in more than a decade, the more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The 56% drawdown in the … Read more

The cost of Nigeria’s failure to qualify for Qatar World Cup 2022 | Football News

Doha, Qatar – Nigerian football fans and business owners in Qatar are still reeling from their team’s failure to qualify for the World Cup 2022, which will be held in the Middle Eastern country from November 21 to December 18. Nigeria’s failure in Ghana in March prevented watching them from qualifying for Qatar 2022, a … Read more

As Adani steps up mining, villagers to be displaced third time | Business and Economy News

Sambalpur, India – Nityananda Deep has worried about losing his home for the third time in his life ever since his mud house was marked for demolition by mining officials, about a year ago. The 80-year-old is a resident of remote Behermunda Hamlet in Sambalpur district in the southern Indian state of Odisha, about four … Read more

China’s factory, services activity rebounds after decline | Business and Economy

Official manufacturing purchasing managers’ index rises in June after sliding during previous three months. China’s factory activity snapped three months of decline in June, the authorities lifted a strict lockdown in Shanghai, buoying growth in production and new orders, while a rebound in the services sector pressed on. The official manufacturing purchasing managers’ index (PMI) … Read more

Under Marcos, Philippine labour activists fear return to the past | Business and Economy

Manila, Philippines – Even as demand for his taxi service gradually recovers with the waning of the COVID-19 pandemic, Edward is not celebrating. Instead of taking home more money, he is dealing with another threat to his livelihood: rising gas prices. Over the past two years, as the government in the Philippines enforced strict lockdowns … Read more

Nigeria sells marginal oilfield licenses for $482m, ignores court | Business and Economy News

The licensing comes despite a court ruling in May, restraining Abuja from issuing licenses pending the determination of a suit by community elders. Nigeria has raised more than 200 billion naira ($482m) from the issuance of oil prospecting licenses after it offered 57 fields for bidding, the petroleum regulator has said. The Nigerian Upstream Petroleum … Read more

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the US economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the US central bank meets to decide … Read more

With son’s appointment, Mukesh Ambani sets transition stage | Business and Economy News

For years, Mukesh Ambani has studied the ways in which billionaire families passed on what they had built to the next generation. Indian billionaire Mukesh Ambani has stepped down from the role of director of the telecoms arm of Reliance Industries in favor of his son Akash, setting the stage for a leadership transition at … Read more

Stock futures are flat after failed attempt at a rally

Stock futures were flat early on Wednesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edged up 0.16% or 51 points, while the S&P 500 and the Nasdaq Composite rose 0.17% and 0.19%, respectively. Pinterest shares jumped more than 4% after hours on news … Read more