Blog #Business Trends

Eskom Holdings SOC Ltd.’s non-guaranteed bonds are seeing their risk premium drop to the lowest level since their issuance in 2018. This reflects growing investor confidence in the utility's turnaround efforts, fueled by a focus on returning to profitability and reducing debt.

The Dow Jones Industrial Average endured its longest losing streak since 1974, with Wednesday marking its 11th consecutive decline and the steepest point drop since September 2022. The Dow fell over 1,100 points (2.6%) following a Federal Reserve update announcing a modest 25-basis-point rate cut and projecting only two more such cuts in 2025, fewer than previously expected.

Waymo, the leading U.S. robotaxi provider, plans to expand internationally, starting with tests in Tokyo next year using electric Jaguar I-Pace SUVs to map central Tokyo in partnership with Nihon Kotsu and GO.

Cocoa futures hit a new record in New York, climbing 5.5% to $11,925 per ton on Monday, surpassing the previous high of $11,722 set in April. This surge reflects growing supply concerns as the crop outlook for West Africa, a key cocoa-producing region, worsens.

Novo Nordisk A/S, the maker of Ozempic, is investing 8.5 billion kroner ($1.2 billion) to construct a large factory in Denmark to address rising demand for its popular drugs.

Isak Andic, the billionaire founder of Mango, passed away at age 71 on Saturday following an apparent hiking accident near Barcelona, according to local reports and the company.

Mozambique's economy is under severe strain as escalating election protests transform into a broader revolt with regional repercussions.

China's deflationary spiral continues, with prices falling for six consecutive quarters, nearing a record streak last seen during the late 1990s Asian Financial Crisis.

Albertsons terminated its $25 billion merger agreement with Kroger after a federal judge blocked the deal and filed a lawsuit accusing Kroger of failing to secure regulatory approval.

A federal judge has blocked Kroger's $24.6 billion merger with Albertsons, citing concerns that it would reduce competition in the supermarket industry. U.S. District Judge Adrienne Nelson sided with the Federal Trade Commission (FTC), highlighting evidence that the two companies are significant competitors and that the merger would eliminate this rivalry.

Resource nationalism is no longer exclusive to military juntas, as democracies like Botswana, Senegal, and Zambia are also pushing for improved terms in resource deals.

Juan Soto has signed a record-breaking 15-year, $765 million contract with the New York Mets, including a $75 million signing bonus and an opt-out option after five years.