Ivory Coast’s cocoa production to drop by 60,000 tonnes
| | | | |

Ivory Coast’s cocoa production to drop by 60,000 tonnes

Cocoa production in Ivory Coast will drop by 60,000 tonnes from last year’s production levels in a move that is set to shake up the global markets. Experts and traders believed that an increase in cocoa production would have an effect in lowering market prices resulting to reduced much-needed revenues for the government in Yamusukro….

Shell to lay off 9000 workers, overhaul its business to embrace clean energy
| | | | |

Shell to lay off 9000 workers, overhaul its business to embrace clean energy

Royal Dutch Shell Plc has announced that it will slash 9,000 jobs globally, as part of the firm’s cost-cutting measures to alleviate the effects of the crude oil crush and overhaul its business to embrace clean energy. The Anglo-Dutch oil giant employed 83,000 workers last year across five continents. The firm says that about $2.5…