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LN24 > Blog > business news
17
Oct

Chile’s Centinela Copper Mine Strike Ends After Unions Reach Preliminary Deal

  • LN24 / 1 week
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  • 2 min read

Workers at Chile’s Centinela copper mine have reached a preliminary agreement with mining company Antofagasta Minerals, bringing a strike that lasted more than a week closer to an end. The agreement was announced on Friday by two unions representing more than 700 workers, following renewed negotiations over a new collective labour contract. Union members were […]

Abu Dhabi’s IRH Seeks Further Mining Investments in Zambia
15
Oct

Abu Dhabi’s IRH Seeks Further Mining Investments in Zambia

  • LN24 / 2 weeks
  • 0
  • 2 min read

Abu Dhabi based International Resources Holding (IRH) is working with Zambia’s state owned ZCCM Investments Holdings to identify additional mining opportunities, building on the Emirati company’s commitment to invest $1.1 billion in the revival of Mopani Copper Mines. Abu Dhabi-based International Resources Holding (IRH) is seeking to expand its mining investments in Zambia through a […]

07
Oct

Norway Plans $63.6 Billion Withdrawal from Wealth Fund in 2027

  • LN24 / 3 weeks
  • 0
  • 2 min read

Government Seeks Higher Fund Spending to Finance Public Expenditure Norway’s minority Labour government has proposed withdrawing 608.4 billion Norwegian crowns ($63.6 billion) from the country’s sovereign wealth fund in 2027 to help finance public spending. The planned withdrawal would be higher than the 583.4 billion crowns revised for 2026, according to the government’s 2027 budget […]

Canada Announces C$7.5 Billion Support Package For Businesses And Workers 
26
Aug

Canada Announces C$7.5 Billion Support Package For Businesses And Workers 

  • LN24 / 2 months
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  • 2 min read

Ottawa Moves to Protect Canadian Economy as U.S. Tariff Dispute Escalates Canada has announced a C$7.5 billion package of new and enhanced measures to support businesses and workers affected by escalating trade tensions with the United States. Industry Minister Mélanie Joly said the measures are designed to provide businesses with faster and more flexible access […]

25
Jul

India to Continue Engaging With US on Trade Deal Despite New Tariff Measures

  • LN24 / 3 months
  • 0
  • 2 min read

India has reaffirmed its commitment to pursuing a bilateral trade agreement with the United States despite the latest round of U.S. tariff measures affecting imports from several countries, including India. Officials said New Delhi remains focused on dialogue and believes continued negotiations are the best path toward strengthening economic ties. India Stays Committed to Trade […]

21
Jul

JPMorgan, Other U.S. Banks Set to Help Finance Japan’s $550 Billion U.S. Investment Plan

  • LN24 / 3 months
  • 0
  • 4 min read

Several of America’s largest financial institutions, including JPMorgan Chase, are expected to play a central role in financing Japan’s proposed $550 billion investment initiative in the United States, according to sources familiar with the matter. The ambitious plan is designed to strengthen economic ties between the two allies, boost strategic industries, and support large-scale infrastructure […]

16
Jul

United Airlines Warns of Nearly $6 Billion Fuel Cost Increase

  • LN24 / 3 months
  • 0
  • 3 min read

United Airlines has warned that soaring jet fuel prices could add nearly $6 billion to its fuel bill this year, highlighting the growing financial pressure on the global aviation industry as geopolitical tensions continue to drive volatility in energy markets. Despite the sharp increase in operating costs, the carrier remains optimistic about its earnings outlook, […]

14
Jul

Bank of America Profit Climbs as Trading Business Delivers Strong Second-Quarter Performance

  • LN24 / 3 months
  • 0
  • 2 min read

Bank of America reported stronger second-quarter earnings after robust trading activity and resilient consumer banking helped offset continued economic uncertainty, underscoring the strength of the banking sector amid volatile global markets. The U.S. banking giant said its quarterly profit increased from a year earlier, with the gains driven largely by higher revenue from equities and […]

14
Jul

Tower Semiconductor to Invest $3 Billion in Japan with Government Support to Expand AI Chip Production

  • LN24 / 3 months
  • 0
  • 3 min read

Israeli chipmaker Tower Semiconductor has announced plans to invest approximately $3 billion to significantly expand its semiconductor manufacturing operations in Japan, backed by $1 billion in grants from the Japanese government, as demand for artificial intelligence (AI) and advanced data center technologies continues to surge. The investment marks one of the largest recent foreign-backed semiconductor […]

Amazon Lays Off 14,000 Corporate Workers Amid AI-Fueled Restructuring
30
Oct

Amazon Lays Off 14,000 Corporate Workers Amid AI-Fueled Restructuring

  • LN24 / 12 months
  • 0
  • 2 min read

Tech giant Amazon has announced plans to lay off approximately 14,000 corporate employees as part of a sweeping effort to streamline operations and reduce costs amid a company wide restructuring. The layoffs will affect several divisions, including Amazon’s books, devices, and services units, marking one of the largest corporate job cuts in the company’s history. […]

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