Algeria’s president has announced plans to import 1 million sheep ahead of Eid al-Adha to stabilize costs and meet demand. The import effort is in response to rising prices due to a record drought affecting North Africa. The government aims to prevent price spikes and shortages that could make the ritual sacrifice unaffordable for most Algerian families. This initiative follows previous efforts to ease public frustration over rising costs and ensure access to affordable food staples.
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Stellantis warns of $1.7 billion earnings hit from tariffs
Stellantis announced that President Trump's tariffs will cost the automaker approximately €1.5 billion ($1.7 billion) in 2025, primarily affecting earnings in the second half of the year. While the company is engaging with policymakers regarding the tariffs, its operations in North America are particularly impacted, similar to other manufacturers like GM and Volkswagen, which are also facing significant tariff-related losses. Want More Context? 🔎
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