Business and Economy

Business and Economy Latest News

UPS strike averted as deal reached with Teamsters union
UPS strike averted as deal reached with Teamsters union
by  AFP

The Teamsters union and UPS shipping announced Tuesday that the two sides had reached a tentative agreement on a five-year contract that would avert a crippling strike across the United States. In recent weeks, the prospect of a strike has raised worries among economists and among businesses that rely on the shipping giant.

Record grain harvest eyed as market under pressure
Record grain harvest eyed as market under pressure
by  AFP

The world is heading for a record grain harvest in the 2023-2024 season thanks to gains for maize and rice, but the market remains under pressure thanks to El Nino and risks due to the war in Ukraine. The pressure on the wheat market is due to the level of stocks.

Luxury giant LVMH enjoys 'excellent' first half
Luxury giant LVMH enjoys 'excellent' first half
by  AFP

LVMH, the world's top luxury group, said Tuesday it enjoyed an excellent first half with net profits soaring by 30 percent to 8.48 billion euros ($9.34 billion) thanks to strong growth in Asia and Europe. LVMH's leading business group of fashion and leather goods alone saw 17 percent revenue growth to 21.2 billion euros.

Energy

Money

Industry

Technology

Economy