Business

South Africa arrests 12 senior police officers on suspicion of corruption

Wednesday, March 25 by SRN News

JOHANNESBURG (AP) - South African anti-graft investigators have arrested 12 senior police officers on allegations of corruption and fraud, prosecutors said Wednesday. The officers appeared later in a court in the capital, Pretoria. The arrests come while an inquiry continues into allegations of high-ranking corruption in... Read More.

US stock futures rise as Mideast ceasefire prospects lift sentiment

Wednesday, March 25 by SRN News

March 25 (Reuters) - U.S. stock index futures climbed on Wednesday, after media reports that the U.S. was seeking a month-long ceasefire in its war with Iran, allaying some investor fears around prolonged energy supply disruptions. The New York Times reported that Washington sent... Read More.

Arm jumps as new AI chip to drive billions in annual revenue

Wednesday, March 25 by SRN News

By Kanishka Ajmera March 25 - U.S.-listed shares of Arm Holdings jumped nearly 12% in premarket trading on Wednesday after the chip firm projected billions of dollars in annual revenue from its own new artificial intelligence data-center chip. The new chip marks a pivot for... Read More.

Top central banker thinks businesses may be quicker to raise prices due to Iran war

Wednesday, March 25 by SRN News

FRANKFURT, Germany (AP) - The head of the European Central Bank says that businesses may be quicker to raise prices in response to the oil shock from the Iran war due to bitter memories of the inflation spike after Russia's invasion of Ukraine in... Read More.

Delta Air Lines’ refinery bet looks more valuable in jet fuel squeeze

Wednesday, March 25 by SRN News

By Rajesh Kumar Singh CHICAGO, March 25 (Reuters) - When Delta Air Lines bought an aging refinery outside Philadelphia in 2012, the move looked unusual. Most carriers buy jet fuel from suppliers. Delta instead bought a refinery that processes crude oil into jet fuel and other... Read More.

On Holding names co-founders as CEOs

Wednesday, March 25 by SRN News

March 25 (Reuters) - Footwear maker On Holding on Wednesday said its co-founders David Allemann and Caspar Coppetti will take over as co-CEOs from May 1, replacing Martin Hoffmann. Hoffmann will leave the company after a five-year term as CEO. He will remain an adviser... Read More.

Kenya’s flower industry loses millions of dollars weekly due to the Iran war

Wednesday, March 25 by SRN News

ISINYA, Kenya (AP) - Kenya's flower industry has reported weekly losses of up to $1.4 million since the Iran war began, with growers attributing the losses to a decline in demand and shipping disruptions. The Kenya Flower Council, a private sector organization representing growers and... Read More.

Hedge fund founder Odey gives evidence in fight against financial industry ban

Wednesday, March 25 by SRN News

By Sam Tobin LONDON, March 24 (Reuters) - Hedge fund manager Crispin Odey denied he had been unable to "control himself" around female employees as he gave evidence on Tuesday in an effort to overturn the Financial Conduct Authority's plan to impose an industry ban... Read More.

GM to invest $600 million in South Korean unit

Wednesday, March 25 by SRN News

SEOUL, March 25 (Reuters) - General Motors said on Wednesday it plans to invest $600 million in its South Korean unit to upgrade manufacturing facilities and products. (Reporting by Heejin Kim; Editing by Christopher Cushing) Brought to you by www.srnnews.com

Air Liquide executive: will allocate helium volume from other places in the world

Wednesday, March 25 by SRN News

By Wen-Yee Lee TAICHUNG, Taiwan, March 25 (Reuters) - French industrial gases group Air Liquide on Wednesday said a short-term helium shortage is expected due to the conflict in the Middle East, adding it plans to reallocate helium supplies from other regions. "With the situation in... Read More.

Current Weather

South Africa arrests 12 senior police officers on suspicion of corruption

US stock futures rise as Mideast ceasefire prospects lift sentiment

Arm jumps as new AI chip to drive billions in annual revenue

Top central banker thinks businesses may be quicker to raise prices due to Iran war

Delta Air Lines’ refinery bet looks more valuable in jet fuel squeeze

On Holding names co-founders as CEOs

Kenya’s flower industry loses millions of dollars weekly due to the Iran war

Hedge fund founder Odey gives evidence in fight against financial industry ban

GM to invest $600 million in South Korean unit

Air Liquide executive: will allocate helium volume from other places in the world

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