In a landmark judgement, the United Kingdom’s Supreme Court has dismissed the appeal of Process & Industrial Developments (P&ID), effectively ending its decade-long legal battle to secure a colossal $11 billion in damages from the Nigerian government. In the judgement delivered on Wednesday, October 22, 2025, the UK Supreme Court affirmed that the P&ID must …
Spain has temporarily suspended live cattle exports after confirming an outbreak of lumpy skin disease (LSD) in the northeastern region of Girona, Agriculture Minister Luis Planas announced on Tuesday. Planas said the decision aims to contain the spread of the highly contagious virus, which affects cattle and buffalo but poses no threat to humans. “We …
Coca-Cola’s third-quarter results topped Wall Street expectations on Tuesday. The strong performance was driven by steady global demand for its sodas and growing sales of zero-sugar and energy drinks. The company reported revenue of $12.46 billion, above analysts’ estimates of $12.39 billion, according to LSEG data. Shares rose 2.5% in premarket trading after Coca-Cola reaffirmed …
Former French President Nicolas Sarkozy on Tuesday began serving a five-year prison sentence at La Santé Prison in Paris after his conviction for conspiring to raise campaign funds from late Libyan leader Muammar Gaddafi. The 70-year-old ex-president arrived at the prison with his wife, Carla Bruni, waving to supporters who chanted “Nicolas! Nicolas!” and sang …
Switzerland’s exports to the United States surged in September as pharmaceutical companies accelerated shipments to beat Washington’s impending tariff hike. Data released on Tuesday by the Swiss Federal Customs Administration show that total Swiss exports to the U.S. soared by nearly 43% in seasonally adjusted terms compared to August, a sharp rebound after a slump …
China’s exports of rare earth magnets fell 6.1% in September, sparking renewed concerns that Beijing may again use its dominance in critical minerals as leverage in trade talks with the United States. Customs data showed shipments dropped to 5,774 tonnes from 6,146 tonnes in August, ending three consecutive months of growth and coming just before …
Global companies have incurred more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, though many are now scaling back earlier forecasts as new trade deals ease exposure to President Donald Trump’s levies. Trump’s trade war has driven tariffs to their highest levels since the 1930s, but recent bilateral agreements with the …
China has shipped its first-ever batch of domestically produced poultry hatching eggs to Tanzania, a move experts say could reshape livestock farming across East Africa. The shipment of 35,000 white-feathered “Guangming No. 2” broiler eggs departed Yunnan Province on Friday, marking a major milestone for China’s agricultural exports. The eggs, specially bred for meat production, …
Israeli shelling killed three Palestinians near a ceasefire line in Gaza on Monday, testing the fragile truce after a weekend of heavy fighting. At least 28 people died in Sunday’s Israeli strikes across the enclave, which Israel said were in response to a Hamas attack that killed two of its soldiers in Rafah. U.S. envoys …
The U.S. Federal Reserve is preparing for its next policy meeting under an unusual cloud of uncertainty, with the ongoing government shutdown halting key economic data releases and leaving policymakers without a clear picture of the economy’s health. Official employment figures have not been published since the shutdown began on October 1, while limited private …
