2h ago
Aurora Cannabis reiterates FY27 Q2 sequential net revenue and adjusted EBITDA growth outlook after Safari Flower deal
Aurora Cannabis said it expects sequential growth in fiscal 2027 second-quarter net revenue and adjusted EBITDA. The company said Safari Flower Company, after receiving EU-GMP certification, is expected to add incremental net revenue and adjusted EBITDA. Aurora also cited continued strength in higher-margin international markets, including Germany and Poland, as it targets profitable growth abroad.
2h ago
3h ago
India cuts 2025-26 sugar output estimate to 31 million tonnes as ethanol diversion rises
India’s sugar industry has lowered its 2025-26 sugar production estimate to 31 million tonnes from nearly 35 million tonnes, citing weaker sugarcane output and the diversion of more than 3 million tonnes of cane to ethanol. E20 petrol—containing 20% ethanol—is set to become the nationwide standard from 1 April 2026, keeping ethanol demand elevated. Grain ethanol producers say maize-based ethanol demand could rise by 40-50% next year if rice supplies are unchanged, potentially tightening supplies for poultry feed.
3h ago
3h ago
Salesforce reports global service outage during Dreamforce, fix rollout underway
Salesforce reported a global service disruption during its Dreamforce conference, first logged at 09:30 BST on September 16. Customers experienced severe delays, intermittent errors, and an inability to access some services. The company said requests were stalling while waiting for an internal login service response, exhausting available server resources. By 11:56 BST, Salesforce said it had validated a fix and was rolling it out.
3h ago
4h ago
Fed, BoE and BoJ weigh rate decisions as unpredictable inflation complicates policy
The Federal Reserve, Bank of England and Bank of Japan are wrestling this week with how to set interest rates when inflation is being pushed around by factors outside their control. Markets overwhelmingly expect the Fed to raise rates by 25bp, but a 5.9% jump in wireless telephone services prices in August has revived the kind of policy debate seen in 2017. The Bank of England is expected to slow the pace of quantitative tightening, while Brent crude has moved back above $100 amid intensifying conflict around Hormuz that has included a drone hit on Saudi Arabia’s EastWest pipeline and continuing threats to commercial shipping.
4h ago