In most cases, the Nigerian farmer cracks palm nuts with large stones, an inefficient process that makes eventual finished goods more expensive. Nigeria-based startup Releaf intends to solve this problem by processing produce from farmers, and also delivering the oil to food manufacturers.
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(Bloomberg) -- If there's any country that might've been in a position to rescue Europe from its energy crisis, it’s the U.S. — home to vast shale fields holding a seemingly endless supply of natural gas and giant terminals capable of liquefying it and shuttling it abroad. Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May B
Automakers are cutting well into muscle at this point…
- Business Insider
Costco is renting 3 container ships and 'several thousand containers' to shield itself from supply-chain delays and rising costs
Retailers across the US are facing delays, shortages, and rising costs because of an ongoing breakdown in the shipping supply chain.
China's C919 jetliner - a no-show at the country's biggest air show this week – has found it harder to meet certification and production targets amid tough U.S. export rules, according to three people with knowledge of the programme. The state-owned manufacturer, Commercial Aircraft Corp of China (COMAC), has been unable to get timely help from suppliers and has run out of some spare parts, those people said. U.S.-linked suppliers are gradually receiving the licences, but the hiccup has slowed down Chinese certification, and months-long delays threaten to affect early production, said the people, who declined to be named because of the sensitivity of the matter.
- Business Insider
A Midwest grocery chain said a 'challenging labor market' prompted plans to close most of its 111 stores an hour early every day. It's also paying bonuses of up to $600 to some workers.
Schnucks on Monday said the labor market and "evolving customer shopping patterns" prompted a decision to shorten operating hours.
(Reuters) -Ford Motor Co on Tuesday became the second Detroit automaker to ask U.S. salaried employees to reveal their vaccination status against COVID-19 in a bid to comply with wider federal guidelines. Ford said salaried employees were required to submit their vaccination status against COVID-19 by Oct. 8 but the process was voluntary for its hourly employees represented by the United Auto Workers (UAW) union. The automaker's move comes as the Biden administration pursues sweeping measures to increase vaccination coverage in the United States, while pushing large employers to have their workers inoculated or tested weekly.
Most offices have eight-hour workdays—how many of those hours are we really supposed to be working? We asked a productivity expert, a psychologist, a labor journalist, and a boss.
Soaring energy prices and cheap valuations make this group attractive.
Hurricane Ida also hit oil output, a primary reason Goldman sees the price going to $90. Goldman Sachs has raised its oil price forecast to $90 a barrel as it said Hurricane Ida should prove to be “the most bullish hurricane in U.S. history.” “Global oil demand is back to converging to pre-Covid levels led by mobility in Asia, including China, and with the Delta Covid impact fading,” they said, adding that the global decline in air travel was smaller than first feared.
Investors have been rewarding companies that are doing a particularly good job of pumping out free cash flow and increasing their shareholder returns.
(Bloomberg) -- China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic DashboardA Jewish Tradition Makes Room for Unconventional DesignThe crackdown on power consumption is be
- Yahoo Finance Video
Dr. Manish Garg, Emergency Medicine Physician & Co-Founder of World Academic Council of Emergency Medicine, joins Yahoo Finance to discuss the latest on the coronavirus pandemic.
A tweak to U.S. export restrictions is letting a prominent Chinese tech company sidestep measures designed to punish the firm over its alleged involvement in the repression of Muslims within the country, records show.Why it matters: The artificial intelligence company SenseTime's strategy to bypass those measures shows how companies deemed national security risks — or accused of complicity in human rights abuses — can bypass U.S. restrictions.Stay on top of the latest market trends and economic
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Looking for a job? Thousands of new jobs are soon coming to RTP.
Shortages of electricity in China threaten to slow down economic growth there, while Europe has its own problems. Oil prices are rising.
NEW YORK (Reuters) -Wells Fargo & Co will pay $37.3 million to settle U.S. government claims it fraudulently overcharged commercial clients on foreign exchange services, the latest in a string of scandals over the bank's treatment of customers. Monday's settlement resolves U.S. Department of Justice civil fraud charges against the fourth-largest U.S. bank, and includes a $35.3 million fine plus a $2 million forfeiture. The Justice Department said sales specialists jokingly used expressions such as "back the truck up" and "when in doubt, spread them out" when they were overcharging customers, with one referring to the sales group as a "bucket shop."
(Bloomberg) -- China’s energy crisis is shaping up as the latest shock to global supply chains as factories in the world’s biggest exporter are forced to conserve energy by curbing production.Most Read from BloombergHow Los Angeles Became the City of DingbatsThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtWhy the Gaza Strip May Be the City of the FutureHSBC Bets Big on China as Pressure Mounts in LondonSchool Reopenings Falter as U.S. Kids Near 1 Million Covid
(Bloomberg) -- A $1 billion project to haul natural gas from Pennsylvania to New Jersey has become the latest casualty of opposition to pipelines across the U.S. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic DashboardPennEast Pipeline Co., a joint venture of
Two major Taiwanese chipmakers, however, said their China facilities are operating as normal. The development comes as tight coal supplies in China and toughening emissions standards have triggered a contraction in heavy industry in several regions, dragging on the country's economic growth rate, analysts have said. Apple supplier Unimicron Technology Corp late on Sunday said three of its China subsidiaries stopped production from midday on Sept. 26 until midnight on Sept. 30 to "comply with the local governments' electricity limiting policy".
Only 47 stocks in the S&P 500 have fallen over the past year — Wall Street predicts they will climb up to 54% in 12 months
DEEP DIVE Stock investors have been on a remarkable ride. But even during a bull market, there are some stocks that pull back, or even plunge. Over the past year, the S&P 500 index (SPX) has climbed a remarkable 34.