Waymo Issues Recall After Reports of Self-Driving Cars Illegally Passing School Buses in Texas 
Spirit Airlines Reverses Pilot Furlough Plans Amid Updated Staffing Outlook 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Boeing Acquisition of Spirit AeroSystems Could Close Soon Amid Ongoing Conditions 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Lockheed Martin Secures $1.14 Billion Contract Boost for F-35 Production 
Netflix’s $72 Billion Warner Bros Discovery Deal Reshapes the Entertainment Landscape 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Raizen, the world's largest sugarcane processor, posted a net loss of 2.57 billion reais ($450.5 million) in Q3 of its 2024/25 season, reversing a 793 million real profit from a year earlier. The loss reflects weaker operational results and rising financial expenses.
The company, co-owned by Cosan (NYSE:CZZ) and Shell (LON:SHEL), saw a significant drop in sugarcane crushing, down nearly 27% year-on-year, contributing to its losses. Raizen, a major producer of sugar and ethanol, also distributes fuel.
Despite a 14% increase in net revenue to 66.9 billion reais, surpassing the 62.3 billion real forecast from LSEG analysts, adjusted EBITDA fell 20.5% to 3.12 billion reais, missing the projected 3.42 billion reais.
Raizen’s operational preview released in January revealed the sharp decline in sugarcane crushing and the withdrawal of financial guidance for 2024/25, which pushed its shares to record lows.
The company cited higher financial costs, including non-recurring items, as factors driving the quarterly loss. The results highlight challenges in the global sugar and ethanol markets, impacting Raizen’s profitability.
