Prysmian, a provider of cable manufacturing, is investing over $1 billion and adding 385 jobs in an expansion of its facility in Catawba County, Governor Josh Stein announced today. Prysmian, headquartered in Milan, Italy, operates in over 50 countries and specializes in cabling solutions. Its North American headquarters are located near Cincinnati in Highlands Heights, Kentucky.
Carnival Corp cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator's margins amid rising geopolitical tensions.Attacks on oil and transport facilities across the Middle East and disruptions to energy flows through the Strait of Hormuz, which carries about a fifth of global oil flows, since the Iran war outbreak
Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will be dedicated to the installation of two additional docks, and three quays to increase capacity.
The world's farmers face soaring fertiliser and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.The war, which has closed the Strait of Hormuz, has shut down fertiliser plants in the region and severely disrupted shipping routes
Facing deepening fractures in the global trade order, Asia-Pacific leaders adopted a joint declaration that emphasized the need for resilience and shared benefits in trade at the end of the annual APEC summit on Saturday.The Asia-Pacific Economic Cooperation meeting, hosted by South Korea this year
It was at an 18th century Georgian manor house outside London that Japanese lawmaker Rui Matsukawa began to have serious doubts about America’s commitment to defending her country.Matsukawa, a former deputy defense minister, traveled in March to historic Fordham Abbey for a top-level bilateral conference.