World food prices down by a fifth, says UN
PARIS, April 7 (AFP): World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed on Friday.Prices have fallen 20.5 per cent since March last year after...
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Icelandair to buy 25 Airbus A321 jets
REYKJAVIK, April 7 (AFP): Icelandair is to buy 13 Airbus A321XLR aircraft with purchase rights for additional 12 jets as it renews its fleet, the company said."Icelandair and Airbus have signed a Memorandum of Understanding for the purchase of 13 Airbus A321XLR aircraft with purchase rights for additional 12 aircraft,"...
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Samsung cutting memory chip production as profit slides
SEOUL, Apr 7 (AP): Samsung Electronics said Friday it's cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit.The South Korean technology giant in a regulatory filing said it has been reducing the production of certain memory...
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S Korea to offer $5.3b to support N America battery investment
SEOUL, April 7 (Reuters): South Korea on Friday said it will provide 7.0 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the US Inflation Reduction Act.Government support will include...
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