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Search Result for “oversupply”

Showing 1 - 10 of 25

BUSINESS

China says to impose extra 55% tariffs on some beef imports

AFP, Published on 01/01/2026

» BEIJING — China said on Wednesday it will impose additional 55% tariffs on some beef imports from countries including Brazil, Australia and the United States that exceed a certain quantity from Jan 1.

BUSINESS

Samsung Electronics logs worst quarterly earnings in 14 years

AFP, Published on 27/04/2023

» SEOUL: Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

BUSINESS

Inflation clouds 'Black Friday' kickoff of US holiday shopping season

AFP, Published on 25/11/2022

» NEW YORK: Retailers unveiled a trove of fresh seasonal promotions Friday, as they try to coax sales from reticent shoppers whose holiday cheer has been tempered by inflation and worries over a softening economy.

WORLD

Grinding inflation clouds 'Black Friday' shopping bonanza

AFP, Published on 25/11/2022

» NEW YORK - Retailers braced for their biggest test of the year: Will US consumers open their wallets wide for the Black Friday sales that kick off the holiday shopping season?

WORLD

Gas crisis fears recede for now as Europe stockpiles

AFP, Published on 31/10/2022

» LONDON - With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have eased but experts are warning against complacency.

LIFE

Actress Jane Fonda says she has cancer

AFP, Published on 03/09/2022

» LOS ANGELES: US actress and activist Jane Fonda announced Friday that she has cancer, and has begun chemotherapy in her battle against the disease.

LIFE

Flash chip output disrupted, warning over smartphone price hike

AFP, Published on 10/02/2022

» Operations at two Japanese factories producing flash memory chips have been disrupted by the contamination of industrial materials, chipmaker Kioxia said Thursday, as analysts warned of potential price hikes for the key smartphone components.

BUSINESS

US oil giants to keep a lid on spending even as profits surge

AFP, Published on 31/07/2021

» NEW YORK: US oil giants ExxonMobil and Chevron reported strong profits Friday riding a wave of higher prices amid recovering demand, but pledged to keep a lid on spending.

BUSINESS

US oil giants return to profitability in Q1 on higher oil prices

AFP, Published on 01/05/2021

» NEW YORK: After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices.

WORLD

Samsung Electronics Q3 net profit leaps after Huawei boost

AFP, Published on 29/10/2020

» SEOUL - Samsung Electronics' net profit jumped by almost half in the third quarter, it reported Thursday, as the South Korean giant's mobile and chip businesses were boosted by US sanctions against its Chinese rival Huawei.