Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate

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Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate

A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring … Read more

French and US companies to invest $10 billion to extract oil off Suriname’s coast

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French and US companies to invest billion to extract oil off Suriname’s coast

PARAMARIBO, Suriname — France’s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country, officials announced Tuesday. The first oil is expected by mid-2028, with an anticipated production of 220,000 barrels per day, according to TotalEnergies … Read more

PepsiCo to buy Siete Foods for $1.2 billion

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PepsiCo to buy Siete Foods for .2 billion

Siete Foods Tortilla Chips Courtesy: Siete Foods PepsiCo said Tuesday that it’s buying Mexican American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent … Read more