Mars, the American confectionery giant known for brands like M&M’s, Snickers, and Skittles, has announced the acquisition of Pringles maker Kellanova for approximately $36 billion (over 32 billion euros). The deal was confirmed by both companies on Wednesday, with Mars agreeing to pay $83.50 per share for Kellanova. This acquisition, one of the largest in the sector’s history, had been the subject of speculation earlier this month. Kellanova…

Workers at the Escondida mine in Chile, the world’s largest copper mine, have gone on strike after wage negotiations with BHP failed to reach an agreement. The union, representing 2,400 miners, demands better wages, shorter working hours, increased bonuses, and additional compensation for long-serving employees. The strike, which began on August 13, 2024, comes after the union rejected BHP’s offer, including a $28,900 bonus per worker. Escondida is…

The price of Arabica coffee beans surged significantly on Monday amid fears of frost in Brazil. Traders are anticipating cold weather in the South American country this week, which could negatively impact the harvest, according to Bloomberg. Prices rose by as much as 7% on the New York futures market, marking the largest increase in weeks. Over the past weekend, some areas in southern Brazil, the world’s largest…

Disney’s recent financial results present a mixed picture of both significant successes and ongoing challenges. The entertainment giant reported a 3.7% increase in revenue for the third quarter of fiscal 2024, reaching $23.16 billion, with a notable swing to profitability, achieving a net income of $2.62 billion compared to a $460 million loss in the same quarter last year. One of the most striking developments for Disney is…