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Financials & Economy
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Carrefour-owner Majid Al Futtaim reports 74% net profit jump in H1 of 2023
UAE – Majid Al Futtaim, which operates the Carrefour brand in markets across the Middle East, Africa, and Asia, has reported a 74% net profit…
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A2 Milk Company warns of weak revenue growth amid lower birthrates, stiff competition
NEW ZEALAND – Premium branded dairy nutritional company, A2 Milk, has warned of weak revenue growth and challenges in China’s infant milk formula (IFM) market…
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South Africa to export upto 1 000 tonnes of meat to Saudi Arabia after 21-year ban
SOUTH AFRICA – Following the lifting of the 21 year ban imposed by the Saudi Arabian amid the outbreak of foot and mouth disease, South…
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Smithfield Foods shuts down sow farms amid declining profits
USA – Smithfield Foods, one of the world’s leading pork processors, has announced its plan to permanently shut down its 35 hog farm sites in…
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Glanbia names Hugh McGuire as next CEO, raises earning guidance after profits exceed expectation
IRELAND – Glanbia plc, an Irish global nutrition group, has named former Glanbia Performance Nutrition CEO, Hugh McGuire as the group’s next CEO, taking over…