From Bunge’s Viterra deal to Shein’s IPO: US-China trade war derails major cross-border deals

Trade tensions between the United States and China are throwing a spanner in billions of dollars worth of acquisitions and initial public offerings, dealing a fresh blow to a dealmaking market that was already slow to recover this year. Prevailing tensions between the two nations have reportedly stalled Bunge Global SA’s $8.2 billion acquisition of […]

Africa to drive 20% of global LNG growth by 2030, Rystad says

Africa is poised to take a central role in the global gas industry’s future, according to recent projections from Rystad Energy.  A substantial surge in global liquefied natural gas (LNG) production capacity, anticipated to climb from 486 million tons per annum (Mtpa) last year to 755 Mtpa by 2030, underpins this shift. The anticipated significant […]

Vattenfall flags declining European energy demand as trade tensions rise

International trade tariff turbulence may lead to slower growth in European energy demand as businesses halt investments in new manufacturing facilities, according to the chief executive of Swedish energy company Vattenfall. Vattenfall Chief Executive Officer Anna Borg was quoted as saying in a Reuters report on Tuesday.  Slowing European energy demand The company, a significant […]

Asian stocks close largely flat: Hang Seng up 0.2%, Nifty up 0.03%

Asian equities closed mostly flat in subdued trade on Tuesday, with Japan’s markets shut for the Showa Day holiday. Investors digested fresh developments on US tariff policy and awaited major earnings reports from global tech giants. The White House confirmed that President Donald Trump intends to reduce tariffs on auto parts for vehicles manufactured in […]

UPS Q1 earnings beat estimates as company plans to cut up to 20,000 jobs amid Amazon slowdown

United Parcel Service (UPS) delivered better-than-expected first-quarter earnings on Tuesday, but the positive results were accompanied by a stark announcement: the company plans to cut up to 20,000 jobs and close dozens of facilities in response to a slowdown in Amazon deliveries and broader economic uncertainty. The restructuring effort is part of a larger strategy […]