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COCOBOD Expresses Worry About New EU Rules
The new EU regulations on deforestation and the financial consequences for farmers and producing nations have drawn serious concerns from Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board. Sustainable and ethically sourced cocoa is the outcome of the new EU regulations on deforestation, which, among other things, mandate that producing nations adhere […]
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Switzerland warns UBS might require further funding. The bank is enraged.
According to the Swiss government, UBS may need to provide up to $27 billion annually following Credit Suisse’s failure in order to cover potential losses and prevent taxpayers from ever having to fund a large bank bailout. The massive Swiss lender is now retaliating, claiming that its finances are sound and cautioning that the plan […]
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Tesla’s profitability have dropped by more than 50%.
According to Tesla, their first-quarter earnings dropped significantly to $1.13 billion (£910 million) from $2.51 billion in 2023. The profitability of Tesla has decreased by over 50%.It ends a challenging time for the manufacturer of electric vehicles (EVs), which has announced thousands of job losses in response to declining sales. CEO Elon Musk told investors […]
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