Archive / Business - 2022
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Reliance emerges as a winner after India’s wheat banOn the evening of May 13, India announced a sudden ban on exports of wheat, catching nearly all buyers and sellers of the grain unprepared....Iraqi Kurdistan condemns Iraq oil company Somo's move threatening buyers of Kurdish crudeIraq's Kurdistan Regional Government (KRG) has condemned remarks by Iraq’s State Oil Marketing Organisation (Somo), which earlier this week issued a letter threatening legal action...Rising star Energica doubles global electric motorcycles sales, up 5x in the USItalian electric motorcycle maker Energica is chalking up impressive sales numbers around the world and in the US market. The company’s rosy figures were just...Jeff Bezos tweets about first job at McDonalds as 1994 Amazon job advert goes viralAmazon founder and billionaire Jeff Bezos made reference to his first job working at McDonalds on Sunday, days after a job advert posted by him...Taming inflation will inflict 'pain' on Americans: Fed chief PowellTaming U.S. inflation will inflict "pain" on American families and businesses, but failure to wrestle prices down from their current 40-year high would be even...Single use plastic enhances utility of jute, cloth bags, Sal leaf itemsThe government’s blanket ban on single use plastic initially made things difficult for buyers and sellers but the negativity of it all gradually began to...Informal scrap metal collectors face uncertain future as proposed SA ban loomsMore than 300 000 people, who eke out a living from collecting and selling scrap metal face an uncertain future with the government's proposal to...Sabic’s joint venture in South Korea planning to expand capacitySaudi Basic Industries Corporation's joint venture in South Korea plans to expand the capacity of its plant in the city of Ulsan to boost the...Asian shares mixed after modest Wall Street fallAsian shares were mixed Wednesday as a wait-and-see mood set in following another — though more modest — day of sell-offs on Wall Street.Worries about...Brinker details latest numbers for restaurants, virtual brandThe virtual brand It’s Just Wings helped Brinker International, Inc., the owner of Chili’s and Maggiano’s, get through the worst times of COVID-19. The brand...Richemont sells stake in online retailer YNAP to Farfetch and Alabbar's SymphonyOnline fashion retailer Farfetch and Symphony Global, the investment vehicle of UAE businessman Mohamed Alabbar, will acquire a 47.5 per cent and 3.2 per cent...Continental Uses Responsibly Sourced Natural Rubber from Indonesia in Series ProductionSince July 2022, all newly produced tires in Continental’s “Gravity” mountain bike product range feature responsibly sourced natural rubber from a project in West Kalimantan,...California sets new low unemployment record in JulyCalifornia's unemployment rate fell to 3.9% in July, the lowest point since 1976 as employers in the the nation's most populous state continued to defy...Americans Want Clean Energy Products Made in the USA and That Goal is Now Within ReachA solar manufacturing worker at Yaskawa America Inc.'s facility in Buffalo Grove, Illinois. For decades, the United States was the undisputed global leader in clean...The best indoor home security cameras in 2022Indoor home security cameras can add an extra layer of peace of mind to your home or apartment. They allow you to check in and...Work at Mohammed bin Rashid Al Maktoum Solar Park ‘progressing well'Dubai Electricity and Water Authority chief executive Saeed Al Tayer inspected progress at the fourth and fifth phases of the Mohammed bin Rashid Al Maktoum...Why the world’s cotton supply is shrinking and prices are soaringExtreme weather is wreaking havoc upon most of the world’s largest cotton suppliers. In India, the leading producer, heavy rains and pests have cut into...Amazon complains FTC probe hounding Bezos, execs; subpoenas too broadAmazon has complained to federal regulators that they are hounding company founder Jeff Bezos and senior executives, making “impossible-to-satisfy demands” in their investigation of Amazon...Robotic furniture aims to address housing crisisFurniture makers are welcoming their new robotic masters.In a modern spin on the Murphy bed, architects, designers and inventors seeking to use technology to maximize...Axalta Launches Next Generation Basecoat for Automotive RefinishingAxalta Coating Systems Ltd. has announced the launch of its next generation basecoat technology, Cromax Gen, for the Automotive Refinish industry in Latin America. The...GM recalls 484K big SUVs to fix problem third-row seat beltsGeneral Motors is recalling more than 484,000 large SUVs in the U.S. to fix a problem that can cause the third-row seat belts to malfunction.The...Japan to keep imported wheat price unchanged despite inflationThe Japanese government plans to keep unchanged the average price at which it sells imported wheat to milling companies from October onward despite soaring inflation,...Oil giant tops own record with $48.4bn quarterly profitSaudi oil giant Aramco has broken its own record with a $48.4bn (£29.8bn) profit for the second quarter of 2022. It is a 90% year-on-year...Billions pour into bioplastics as markets begin ramping upIn a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing...Global electronics supply chain shows promise for 2023The global electronics supply chain is beginning to stabilize, albeit unevenly. The good news is that even though demand is expected to stay strong and...Lighting a “spark” in campersUpon my arrival at Camp Haiastan this season, I felt the familiar chill that runs down my spine each year as my brother Garen drove...EDB boosts industrial sector funding five-fold during first half of 2022Emirates Development Bank (EDB), the state-owned lender focused on financing the UAE's priority sectors, boosted funding to industrial companies by 418 per cent during the...BESS system integrator FlexGen launches C&I productUS battery energy storage system integrator FlexGen has launched a new product for distributed and behind-the-meter applications.The North Carolina-headquartered company has launched FlexPod, a suite...Pacific rim economies in doldrums, sapped by inflation, warEconomies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the...Food Huggers Will Help Keep Your Cut Produce Fresh While Reducing Food WasteStoring cut produce is one of the smallest but most annoying things about cooking. How do you properly keep an avocado from browning? Should you...Smart home pioneer LIFX will live on under new ownershipA few years back, there were two big names in the high-end smart bulb game — Philips Hue, which worked with a proprietary Zigbee bridge,...UK home energy bills set to leap in October and JanuaryAnnual UK energy bills have been forecast to hit £3,729 ($4,535) from next April, with volatility in the global gas and electricity market triggered by...ROSE PROGRAM, REUSE STORE OFFER SECONDHAND OFFICE SUPPLIES FOR BACK-TO-SCHOOLERSBack to school season usually means buying school supplies. The University of Virginia’s ROSE program offers a cost-free alternative to anyone in the community.The Reusable...Most Asian markets rise but Taiwan fears keep confidence in checkAsian markets mostly rose Wednesday after the previous day's reverse, with focus on House Speaker Nancy Pelosi's visit to Taiwan, which has further strained already...The Coolest Stores Selling Crafted Goods in the UKOver the past few years, "shop local" has become the slogan of the UK high street. But, as retailers across Britain continue to navigate supply...Lighting best practices serve up a CEA event appetizerLEDs Magazine often shares resources and information from media partners, research organizations, and other brands in our Endeavor Business Media family. That context is important...ANA sees profit in April-June for 1st time in 3 yrs on demand pickupANA Holdings Inc. on Monday reported a profit in the three months ended in June for the first time in three years as travel demand...Beyond paper and plastic, the quest for the perfect straw continuesThe humble straw that became a flashpoint in the broader battle over environmentalism continues to evolve. And while there’s not as much fanfare, nonplastic straws...Jordan’s Arab Bank records 38% increase in half-year net profit to $252mArab Bank, Jordan’s biggest lender, reported a 38 per cent increase in half-year net income of $252 million compared with $182.4m for the same period...Actis to acquire controlling stake in UAE's renewable energy developer Yellow Door EnergyBritish private equity firm Actis will acquire a controlling stake in Dubai-based renewable energy developer Yellow Door Energy, as demand for renewable energy resources rises...New Food and Beverage Product Launches, July 25-29Greater Goods: Crackers, Cookies, and BiscottiThe Greater Goods Snacking Co. just made its debut into the U.S. market (the brand is known as She Made...Steam user issues PSA about controller lighting optionsSteam controller support is very good in 2022, with full integration for a wide range of controllers that goes beyond Microsoft’s Xbox pads. Valve implemented...Intel Raptor Lake CPUs May Hit The Shelves On October 17Enthusiastic Citizen(opens in new tab) (ECSM_Official), the same hardware leaker who brought us the first Core i5-13600K benchmarks, has shared the alleged launch dates for...Russia 'looting' steel bound for Europe and UKRussia is looting $600m (£500m) worth of steel from plants and ports in Ukraine, according to the boss of Ukraine's largest steel firm Metinvest. The...Honda launches all-new ZR-V SUV teaser page on its websiteHonda Motor Co Ltd has launched a teaser page on its company website to share initial information on the ZR-V, an all-new SUV scheduled to...Europe's economy is in dire straits. This week presents a crucial testEurope's economy, which accounts for almost a fifth of the world's output, is facing its toughest test since the pandemic erupted more than two years...Chinese spent $6.1B on US real estate last year3Chinese investors were the most active buyers of US real estate last year among foreigners — spending a record $6.1 billion on homes mainly in...Raytheon to open defensive weapon centre in ScotlandRaytheon is to establish the first Advanced Laser Integration Centre in Livingston, Scotland, the company announced at this year's Farnborough International Airshow. Raytheon’s new base...PureCare continues moving beyond white goods with new bedding essential layersPureCare is beefing up its top-of-bed assortment and its color palette with a slate of introductions coming to Las Vegas Market.The wellness bedding brand this...Digital Printing Makes Significant Inroads into Corrugated MarketDigital printing has made major gains in numerous printing segments, and the packaging market is perhaps the greatest opportunity. Currently, digital printing has made sizable...