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'Utter madness': NZ farmers agree dairy sale to French group
'Utter madness': NZ farmers agree dairy sale to French group
Economy
by  AFP

Farmers who own New Zealand dairy cooperative Fonterra voted Thursday to sell its consumer business to French group Lactalis, a decision slammed by the country's foreign minister as "utter madness". Foreign Minister Winston Peters said the vote meant "iconic" brands such as Anchor, Mainland and Kapiti were being sold off to the French firm.

Samsung posts 32% profit rise on-year in third quarter
Samsung posts 32% profit rise on-year in third quarter
Economy
by  AFP

South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips. - Share surge - Against the backdrop of AI market opportunities, Samsung -- a bellwether on South Korea's benchmark Kospi index -- has seen its shares surge more than 90 percent since the beginning of this year.