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Bayer sees $109b opportunity in cleaner farming, reducing carbon

BLOOMBERG  Bayer AG is seeking to double the sales potential of its crop-science division by tapping opportunities to reduce carbon emissions from farming. The chemicals firm sees more than €100 billion ($109 billion) in possible revenue from segments adjacent to its core agricultural businesses, it said in a statement, without specifying a time frame. These include precision digital tools to ...

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FedEx’s profit forecast misses estimates as job cuts hit 29,000

BLOOMBERG  FedEx Corp said it cut 29,000 US jobs over the past year and issued a 2024 profit outlook that fell short of analysts’ expectations as it continues to trim costs in the face of waning package delivery demand. The company is slashing expenses as the industry copes with a decline in package volume following two years of surging demand ...

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Rakez unveils ‘open yards’ to support business activities

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) has launched ‘open yards’ as a part of its comprehensive facility offerings. Located in the mainland area of Al Ghail Industrial Zone, these units are readily available for businesses seeking expansive and versatile spaces for their operations. With the introduction of these new open yards, investors are provided with ...

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