Glencore gets Canadian nod for new coal unit; AI drives Samsung's rocketing profit

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Business brief | Glencore gets Canadian nod for new coal unit; AI drives Samsung's rocketing profit

In a quieter day for corporate news, mining giants Glencore and South32 both reported they have gotten nods for important acquisitions or sales respectively, while the Competition Commission has dropped a probe into Johnson & Johnson over the price of a TB drug. In international news, South Korean electronics giant Samsung expects second-quarter operating profits to rise more than 15-fold as chip prices bounce back and demand for generative AI continues to grow.

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