Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Ukrainian President Zelenskyy meets Saudi Crown Prince before crucial U.S. talks. With Ukraine facing military pressure, Zelenskyy seeks a ceasefire and aid, while the U.S. shifts its stance. The delegation will discuss a vital minerals deal for continued support.
US Senator Lindsey Graham warned that cutting US military aid and intelligence to Ukraine could have worse consequences than Afghanistan. He stressed Ukraine needs continued support and vowed to introduce sanctions on Russia if peace talks fail, amid a pause in US aid.
Malaysia’s palm oil stocks fell to 1.51 million tons in February, the lowest in nearly two years, due to lower production and exports. Crude palm oil output dropped 4.16%, while exports fell 16.27%. The decline may impact global prices, with supply and demand shaping future trends.
Trump has sent a letter to Iran’s Supreme Leader, Ayatollah Khamenei, seeking dialogue on Iran’s nuclear program. He warned that without negotiations, the U.S. would take further action to prevent nuclear weapons. Global attention is now focused on potential talks.
Walgreens Boots Alliance is going private after Sycamore Partners sealed a $10 billion deal, ending nearly a century on public markets. Struggling with competition and changing consumer habits, Walgreens aims to reinvent itself away from the pressures of being publicly traded.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
Saudi Arabia has reduced oil prices for Asia by 40 cents per barrel, its first cut in three months. This follows OPEC+'s decision to increase supply by 138,000 barrels per day for April. The move aligns with market expectations, as Russian and Iranian oil supplies to China rise.
Despite the US exit from the Paris Agreement, UK climate envoy Rachel Kyte reaffirms Britain’s commitment to climate goals, stressing the importance of global action and green energy investments.
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