BUSINESS

The price of cocoa beans has soared in recent months

Red-hot Cocoa Price Melts Profit At Top Chocolate-maker

The firm said revenues jumped 19 percent in local currency and 11 percent in Swiss francs thanks to the effect of rising cocoa prices, while sales in volume terms were largely steady, edging up 0.7 percent to 1.1 million tons.
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The logo of US giant General Electric in Belfort, eastern France, on June 3, 2019. General Electric is breaking up into three entities as of April 2, 2024

Swan Song For General Electric As It Completes Demerger

An initial split took place in January 2023 with the creation of GE HealthCare, bringing together all the health care activities. The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE.
Gold hit a new high of $2,256.44

Gold Hits Another Record High On Fed Rate Cut Bets

The precious metal has enjoyed healthy buying interest this year as the US central bank hints at an easing of credit conditions. It hit a new high of $2,265.73 on Monday, according to Bloomberg News.
Amazon, Apple, Google parent Alphabet, TikTok owner ByteDance, Meta and Microsoft have to comply with the new law

EU Probes Apple, Google, Meta Under New Digital Law

The European Commission, the EU's antitrust regulator, announced that it "suspects that the measures put in place by these gatekeepers fall short of effective compliance of their obligations under the DMA" -- the bloc's Digital Markets Act.
Industrial production in China was up 7.0 percent year-on-year in January and February

China Retail Sales Show Shaky Economic Recovery

The performance of China's economy in the first two months of 2024 was mixed, official figures showed Monday, with sluggish household consumption alongside increased industrial production reflecting an uneven recovery.
US consumer price gains accelerated unexpectedly in February, according to government data, with energy costs rising

US Consumer Inflation Up Unexpectedly In February

While price increases have fallen from their peak in 2022, households are still feeling the pinch from costs of living -- adding pressure on President Joe Biden as he tries to win over voters on his economic policies while running for reelection this year.

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