Two of the biggest names in your kitchen could soon be joining forces

This episode of World Business Report explores a major strategic shift in the global food industry, as Unilever agrees to combine its food business with U.S.-based McCormick & Company, creating a $65 billion food giant. The move marks Unilever's exit from food to focus on higher-growth sectors like beauty and personal care, while McCormick expands its global footprint and product portfolio. Experts debate the deal's viability, citing cultural integration challenges and investor skepticism over McCormick absorbing Unilever’s more commodity-oriented brands. Meanwhile, South Africa cuts fuel taxes to ease inflationary pressure from soaring oil prices, but analysts warn the relief is temporary and will still significantly impact businesses and consumers. In Cuba, a Russian oil tanker breaks a near-total U.S. fuel blockade, offering short-term relief amid ongoing energy crises. The episode also covers the Green Sand Future Project, a pioneering offshore carbon capture initiative in the North Sea, which aims to store CO2 deep beneath the seabed, sparking debate over its long-term environmental and ethical implications. Finally, Nike reports stronger-than-expected financial results, signaling a recovery under its new CEO, Elliot Hill, particularly in North America and China.