Business

10:52
Banana textiles

Taiwan entrepreneur wants to make clothes out of bananas

Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on the island, was once a source of patriotic pride.

18:08
SOCAR

SOCAR close to buying oil refiner Italiana Petroli

The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.

more

more from Business

17:38
EBRD AZERBAIJAN

EBRD supports Azerbaijani furniture maker

The European Bank for Reconstruction and Development (EBRD) has announced a lending the equivalent of $7 million to Saloğlu, Azerbaijan’s leading furniture producer and retailer, in local currency to help boost its competitiveness.

17:30

Tesla grants Musk $29B in shares as part of new pay deal

Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.

12:30
Adidas shares fall

Adidas shares drop after sales miss expectations

Adidas saw its shares drop 7.5% in early Wednesday trading after second-quarter sales came in below expectations and the company warned of an added €200 million ($231 million) cost burden from new U.S. tariffs in the second half of 2024.

Download the AnewZ app

You can download the AnewZ application from Play Store and the App Store.

App Store Google Play
Download the AnewZ app
O
Opinion