Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.
The family-owned company plans to hire almost 100 people at its Chicago offices over the next 12 months, according to Peter Cotter, CEO of Lactalis Heritage Dairy.
China National Petroleum will seal a 27-year liquified natural gas purchase agreement of 4 million tons annually with QatarEnergy, according to a person with knowledge of the matter.
U.S. business logistics costs grew by 19.6% year-on-year in 2022 after coming in at $1.937 trillion in 2021, according to CSCMP's annual State of Logistics Report.
Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.