The Washington Post
ALSO I N BUSINESS
Tyson Foods will close two U.S. chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show that the biggest U.S. meat company by sales is still trying to figure out how to improve its chicken segment that has struggled for years. Tyson Foods will shut a plant in Glen Allen, Va., with 692 employees and a plant in Van Buren, Ark., with 969 employees, according to a statement.
Saudi Arabia will buy 78 Boeing Co. 787 Dreamliners, as Crown Prince Mohammed bin Salman revitalizes the country’s flag carrier and oversees the rise of a new international airline that seeks to rival Emirates and Qatar Airways. The new airline, called Riyadh Air, will buy 39 787-9 jets, with options for 33 more, while existing state-owned carrier Saudia will purchase 39 787s and have a top-up option for another 10, Boeing said. The White House put the deal value at almost $37 billion, though big customers typically receive steep discounts.
Norway earned $50 billion from its direct ownership of oil and gas licenses last year, more than five times the amount earned in a normal year, as the country became Europe’s biggest supplier of natural gas after Russia’s invasion of Ukraine. Petoro, which manages the Norwegian state’s direct financial interest in 36 producing oil and gas fields, reported a result that is $32 billion higher than in 2021. Natural gas production totaled 109 million standard cubic meters a day, 7 percent higher than a year earlier, it said on Tuesday.