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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Elon Musk says almost anyone can afford a R1.5 million ticket to Mars, Mzansi says he’s oblivious to reality
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Five things we learned at the China Auto Show
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Yen hits 34-year low against dollar
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Far-right threatens to scare off German industry's new talent
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Indonesia first-quarter growth boosted by election, holiday spending
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World Bank needs to get 'better', 'bigger': president
The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics. He said poverty, pandemics and climate change were "almost like a perfect storm" that can no longer be treated separately.
German economy to shrink in 2023, govt says
The German government slashed its growth forecast Wednesday, predicting Europe's top economy will shrink this year as it battles high inflation, elevated energy prices and a manufacturing slump. In their forecasts Wednesday, the government predicted the economy would pick up next year with growth of 1.3 percent, and expand by 1.5 percent in 2025.
UK businesses ask for help after rise in shoplifting
British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis. Its latest crime report stated that 79 percent of represented retailers believed the cost-of-living crisis had caused an increase in theft.
ExxonMobil to buy Texas shale producer Pioneer for about $60 bn
ExxonMobil sealed a megadeal to acquire Pioneer Natural Resources for about $60 billion, bolstering its holdings in the Permian Basin, a key US petroleum region, the companies announced Wednesday. Both ExxonMobil and fellow US petroleum behemoth Chevron have invested heavily in the region in recent years.
Qatar signs 27-year gas supply deal with France's Total: state energy firm
Qatar has agreed to supply France's TotalEnergies with natural gas for 27 years, its state energy company announced on Wednesday. Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Total last year for a share of the Gulf state's huge North Field gas expansion project.
World Bank needs to get 'bigger': president
The World Bank could raise its lending capacity by $150 billion in the next decade but it will need to become "bigger" to respond to global challenges, its president said Wednesday. He said balance sheet changes and contributions from countries could increase the lender's firepower by $150 billion over the next decade.
Asian markets build on global rally as Fed pause hopes grow
Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus.
China to hold third Belt and Road forum next week
China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday, confirming the details of an event that several foreign leaders are expected to attend -- including Vladimir Putin. He will also "hold a welcome banquet for foreign leaders and heads of international organisations attending the forum", she added.
Birkenstock to target $8.6 bn IPO valuation: reports
German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.
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