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economy

Finnish lift maker Kone acquires German rival TKE, creating giant

Finnish lift maker Kone acquires German rival TKE, creating giant

Finnish lift maker Kone on Wednesday announced the acquisition of its German rival TKE in a huge share-and-cash deal valuing TKE at 29.4 billion euros ($34.4 billion) to create a global giant. The group formed by the merger will be nearly twice the size of the

Adidas reports higher profits but warns of 'volatile' climate

Adidas reports higher profits but warns of 'volatile' climate

German sportswear giant Adidas on Wednesday reported strong growth in quarterly profits as sales rose in key markets, but warned of a "very volatile" and highly competitive retail environment. The maker of Gazelle and Samba trainers said net profit attributable to shareholders came in at 482 million euros

Cheaper, cleaner electric trucks overhaul China's logistics

Cheaper, cleaner electric trucks overhaul China's logistics

At a dusty lot an hour outside Beijing, a steady stream of vehicles come and go for a quick battery charge -- just one node in China's rapidly expanding network of electric trucks. While the country's prowess in electric passenger vehicles has long been known globally, electric

Exiting fossil fuels key to energy security: nations at Colombia talks

Exiting fossil fuels key to energy security: nations at Colombia talks

The first global talks on phasing out fossil fuels kicked off in Colombia on Tuesday with nations casting an exit from oil and gas as not just a climate priority but vital for energy independence. Ministers are seeking to reignite the shift away from planet-heating fossil fuels at the

Cairo's night buzz returns as war-driven energy controls loosen

Cairo's night buzz returns as war-driven energy controls loosen

Cairo's famed nocturnal rhythm flickered back to life on Tuesday after Egypt eased energy-saving measures spurred by the Middle East war that had forced shops, cafes and restaurants to close early, dimming a city long defined by its late-night buzz. Soaring energy prices, driven by the

Crude back above $110 on Strait stalemate as US stocks retreat

Crude back above $110 on Strait stalemate as US stocks retreat

Oil prices jumped on Tuesday to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. Meanwhile, tech stocks took a hit and investors turned their attention to corporate earnings and the

Proposed law creates new risks for Montana businesses | Bruce Gillespie

Spring is typically a season of optimism. Entrepreneurs are opening new businesses, family farms and ranches are calving and planning for the next season, and existing small business owners are reviewing their finances and planning for growth. However, at precisely this moment, Congress is considering legislation that would make those