NEW YORK - Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic…
Category: Business
Danske Bank to cut 1,600 jobs within a year
COPENHAGEN - Danske Bank said on Thursday it will cut up to 1,600 jobs in the next 6-12 months as part of a cost-reduction programme that runs to 2023. Denmark’s…
Hyundai to voluntarily recall Kona EV over battery fire concerns: South Korea ministry
SEOUL - Hyundai Motor Co will voluntarily recall its Kona electric vehicles as a possible short circuit due to what may be faulty manufacturing of its high-voltage battery cells could…
JPMorgan pledges $30 billion to address racial wealth gap
JPMorgan pledges $30 billion to address racial wealth gap JPMorgan Chase & Co JPM.N said on Thursday it would commit $30 billion to address racial inequality over the next 5…
EasyJet warns first ever annual loss could top $1 billion
LONDON - British airline easyJet EZJ.L warned on Thursday its first ever annual loss could be as much as 845 million pounds ($1.1 billion) as the pandemic meant it was…
Dutch bank ING cuts carbon emissions linked to power industry lending
LONDON - Dutch lender ING has sharply cut the carbon emissions linked to its lending to the power industry over the past year after reducing funding to coal-fired power plants…
Australia casino boss Packer says junkets help skirt China money controls
SYDNEY - Australian casino magnate James Packer said on Thursday he may have to cut his stake in his company for it to keep its licence and declared he would…