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Maersk Warns Oversupply To Hit Profits Amid Red Sea Uncertainty

Maersk said Red Sea trade disruptions would not be a major boost for the company and an oversupply of vessels would hit its earnings this year.

Operating Environment To Remain 'Difficult' For European Grocery Retailers: Moody's

European grocery retailers will continue to experience challenges in the operating environment over the next 12-18 months.

Packaging Firm Smurfit Kappa Says Worst Is Over As Volume Growth Returns

The chief executive of packaging giant Smurfit Kappa said that the worst of a year-long dip in demand for the sector appeared over after volumes increased...

Lotus Bakeries Surpasses €1bn In Revenue In Full-Year 2023

Belgian snacking giant Lotus Bakeries has posted a 21.1% increase in revenue to €1.06 billion in its full financial year 2023.

EU Recommends Ambitious 2040 Climate Target, Goes Light On Farming

The European Commission recommended that the EU slash net greenhouse gas emissions by 90% by 2040, an ambitious target that will test political appeti...

Vietnam Coffee Farmers Seek To Renegotiate Deals After Price Surge

Farmers in major coffee exporter Vietnam are refusing to deliver coffee they have sold unless contracts are renegotiated following a su...

Over A Third Of EU Firms Adopt AI, Bringing Digital Goals In Reach

More than a third of European businesses adopted artificial intelligence in 2023 as use of generative AI surged, a report commissioned by Amazon Web Servic...

French Farmers Head Home But Anger Spreads Elsewhere In Europe

Protesting farmers demanding just prices and less red tape blocked the border between Belgium and the Netherlands on Friday, whilst their peers in France s...