Monday , November 25 2024

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Surging input costs eat into agriculture firms’ profits

Surging fertilizer and animal feed prices have caused agriculture companies to post declining profits or even losses in the second quarter. Hoang Anh Gia Lai Agrico posted a loss of nearly VND560 billion ($23.93 million) in the last quarter as fertilizer costs rose by 150% and packaging by 50%. Road …

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China sanctions Pelosi over Taiwan visit: foreign ministry

China sanctions Pelosi over Taiwan visit: foreign ministry

China’s foreign ministry announced sanctions against U.S. House Speaker Nancy Pelosi on Friday, after her visit to Taiwan this week prompted fury and shows of military force from Beijing. The ministry said Pelosi was “seriously interfering in China’s internal affairs and seriously undermining China’s sovereignty and territorial integrity” with the …

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