05:09 AM EST, 02/14/2025 (MT Newswires) -- Starbucks ( SBUX ) plans to open 500 new stores and add 5,000 jobs in the Middle East over the next five years, Bloomberg reported Friday, citing Chief Executive Officer Brian Niccol. Through a licensing agreement with Kuwait's Alshaya Group, the company already operates over 1,300 stores in the region, the report said....

JAKARTA, Feb 14 (Reuters) - Copper miner PT Freeport Indonesia has reduced its copper ore mining to 60% capacity due to rising stockpiles, Energy and Mineral Resources Ministry senior official Tri Winarno said on Friday. Indonesia has banned exports of unprocessed ores to encourage domestic processing and value-add. Freeport's new smelter is undergoing repairs following a fire in October, and...

SAO PAULO, Feb 14 (Reuters) - Brazilian miner Vale is considering selling a majority stake in renewable energy business Alianca Energia to U.S.-based investment firm Global Infrastructure Partners (GIP), it said on Friday. Reuters reported on Thursday, citing sources familiar with the matter, that Vale and GIP were in advanced talks over a deal that could also include a solar...

05:22 AM EST, 02/14/2025 (MT Newswires) -- Magna International ( MGA ) reported Q4 adjusted earnings Friday of $1.69 per diluted share, up from $1.33 a year earlier. Analysts polled by FactSet expected $1.52. Sales for the quarter ended Dec. 31 were $10.63 billion, compared with $10.45 billion a year earlier. Analysts polled by FactSet expected $10.31 billion. The company...