BUSINESS

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International coffee prices have reached an all-time high record following a sharp increase. Arabica coffee prices surged to over $3.44 per pound on Tuesday, an 80% increase this year alone, marking a fresh high for global coffee production. Robusta prices also hit a record high in September.

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Lamborghini, the iconic Italian luxury sports car brand, has announced a delay in the launch of its first electric vehicle (EV), now scheduled for 2029. This marks a strategic shift in its approach to the evolving automotive market. CEO Stephan Winkelmann confirmed this decision during a recent media briefing at the company's headquarters in Sant'Agata Bolognese, Italy, signaling the company's assessment of the current market's readiness for high-performance electric sports cars.

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Boeing has resumed production of the 737 MAX following a stoppage of nearly three months caused by an extended labor strike in the Seattle area. The company announced that its Renton factory recommenced production of the 737 MAX on Friday. Additionally, operations at its Everett facility, where the 767, 777, and 777X are manufactured, are set to resume in the coming days.

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China announced on Monday that it has initiated an investigation into US chip giant Nvidia for purportedly breaching its anti-monopoly laws, according to a prominent government agency, as both countries compete for supremacy in global chipmaking.

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On Monday, thousands of Volkswagen workers staged a walkout, marking the second round of strikes amid the intensifying dispute between unions and management regarding the company's significant cost-cutting measures.