Raised in vertical farms and stuffed with fruit waste, fly larvae have been turned into animal feed, as a new Costa Rican venture in sustainability is demonstrating.
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Turkey lifts key rate for 5th month in inflation battle
Turkey's central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates. Turkey's official annual inflation rate peaked at 85 percent last October and climbed back up above 60 percent last month.
Siemens Energy seeks state help as wind unit crisis deepens
Siemens Energy said Thursday it was in talks with the German government about receiving financial help as it battles problems in its wind power unit, sending the firm's shares crashing.
Mercedes profits fall due to lower sales
German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts. Revenue fell 1.4 percent to 37.2 billion euros, partly because passenger car sales were around five percent lower in the quarter due to a shortage of some parts.
Stocks slide, oil holds gains on Middle East, economy concerns
Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally. A plunge in Alphabet and Texas, as well as Amazon ahead of its report later Thursday, hit Wall Street, with the tech-rich Nasdaq tanking more than two percent.
Stellantis to buy stake in Chinese EV start-up Leapmotor
Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers. Other European manufacturers have also stepped up partnerships with Chinese companies to win over local customers.
ECB set to pause rate hikes as eurozone feels pinch
European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting. - 'Clear impact' - ECB policymakers were in "watch and see" mode Thursday, Ducrozet said, with new official forecasts only set to be published at the governing council's next meeting in December.
US auto workers union reaches preliminary deal with Ford
The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.
Mattel posts strong Q3 results, boosted by 'Barbie' mania
American toy maker Mattel revised its annual earnings forecast after its third quarter results beat analysts' expectations, riding on the success of the "Barbie" blockbuster. He added: "Our results benefited from the success of the Barbie movie, which became a global cultural phenomenon, and marked a key milestone for Mattel."
US new home sales hit highest rate in over a year
Sales of new US homes picked up more than anticipated in September, government data showed Wednesday, with the tight supply of real estate pushing more buyers into the market for new properties. Last month, sales of existing homes, which form the majority in the market, hit the lowest rate in 13 years, according to industry data.
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