Today: July 27, 2024
Today: July 27, 2024

Economy

Asia|Economy

Japan touts G20 reaffirmation of forex commitments as key achievement

Japan sees the reaffirmation in the latest G20 joint communique of existing commitments against excessive foreign exchange volatility as one of the major

Japan touts G20 reaffirmation of forex commitments as key achievement
Americas|Economy|Environment

Brazil seeks support for tropical forest preservation fund

Brazil is gathering support from other countries for the creation of a fund that will send resources to nations with tropical forests in order to preserve them, Finance

Brazil seeks support for tropical forest preservation fund
Business|Economy|Finance

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports

Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times

Starbucks' ex-CEO Schultz opposes potential settlement with Elliott, FT reports
Economy|Finance

Debut of Bill Ackman's new fund delayed but expected to proceed

The New York Stock Exchange said on Friday that the debut of billionaire investor Bill Ackman's new U.S. fund, Pershing Square USA, has been delayed, without

Debut of Bill Ackman's new fund delayed but expected to proceed
Economy|Finance

Michigan state pension fund makes $6.6 million bitcoin ETF investment

The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares

Michigan state pension fund makes $6.6 million bitcoin ETF investment
Business|Economy|Technology

Video game performers are becoming Hollywood stars in their own right − and are on strike to be paid and protected accordingly

Some of the most essential but least protected workers in a $200 billion industry want to ensure that AI won’t do away with their jobs.

Video game performers are becoming Hollywood stars in their own right − and are on strike to be paid and protected accordingly
Business|Economy|News|Political

Two billionaire Harris donors hope she will fire FTC Chair Lina Khan

Billionaire Democratic donors Barry Diller and Reid Hoffman said in interviews this week they hope Kamala Harris will replace Federal Trade Commission Chair Lina Khan if she

Two billionaire Harris donors hope she will fire FTC Chair Lina Khan
Business|Economy|Health

Bankrupt Steward Health to close two Massachusetts hospitals

Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday.

Bankrupt Steward Health to close two Massachusetts hospitals
Economy|Environment|News|Travel

Fire, smoke upend western Canada's summer tourism season

Severe wildfire seasons are increasingly hurting western Canada's lucrative tourism industry, with some visitors beginning to avoid the busy late-

Fire, smoke upend western Canada's summer tourism season
Business|Economy|Finance

Deutsche Bank says commercial real estate remains under pressure

Deutsche Bank on Wednesday tempered exepectations for a recovery in the commercial real estate market and said it forecasts further pressure in the

Deutsche Bank says commercial real estate remains under pressure
Africa|Economy|Finance|Political

Kenya's president names John Mbadi as finance minister

Kenya's President William Ruto on Wednesday named John Mbadi as finance minister in a cabinet that includes opposition coalition members in a planned broad-based government.

Kenya's president names John Mbadi as finance minister
Asia|Economy

Japan plans record hike in minimum wage, NHK reports

A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to 1,054 yen ($6.85) per hour this fiscal year, the biggest ever jump,

Japan plans record hike in minimum wage, NHK reports
Business|Economy|Entertainment|Finance

Theater chain AMC forecasts Q2 loss due to fewer big releases

AMC Entertainment Holdings said on Wednesday it would report a loss for the second quarter compared to a profit in the year-ago period, blaming a thin slate of big releases due to last

Theater chain AMC forecasts Q2 loss due to fewer big releases
Business|Economy|Finance|Stock Markets

Blackstone's battered mortgage fund slumps as empty offices intensify pressure

Shares of commercial real estate finance company Blackstone Mortgage Trust fell 10% on Wednesday as the firm cut its dividend 24%, facing

Blackstone's battered mortgage fund slumps as empty offices intensify pressure
Business|Economy|News

U.S. new light vehicle sales to rise about 1% in July, report says

U.S. new light vehicle sales are expected to rise about 1% from a year earlier, after a crucial dealer software outage last month likely deferred sales to July, automotive data provider S&

U.S. new light vehicle sales to rise about 1% in July, report says
Economy|Finance

US spot ether ETFs see net inflows of $106 million on first day

The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world's second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they

US spot ether ETFs see net inflows of $106 million on first day
Americas|Economy

Federal control board sues Puerto Rico's governor over net metering law

A federal control board overseeing Puerto Rico’s finances has filed a lawsuit challenging amendments to the island’s net metering law, triggering a backlash

Federal control board sues Puerto Rico's governor over net metering law
Business|Economy|Finance

Four UK high street banks broke retail competition rules, watchdog says

Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain's competition rules, the Competition and Markets Authority said in a statement on Thursday.

Four UK high street banks broke retail competition rules, watchdog says
Business|Economy

UK factories slash price expectations and raise output forecasts, CBI says

British manufacturers' expectations for price rises in the next few months fell to their lowest since late 2020 and they ramped up forecasts for output too, a survey from the Confederation

UK factories slash price expectations and raise output forecasts, CBI says
Economy|Sports

Three financial tips for American Olympians and future athletes

Being an Olympic athlete in the U.S. is not just arduous physically but often financially as well.

Three financial tips for American Olympians and future athletes
Economy|Finance|Stock Markets

Growth angst or air pocket? Stocks nurse losses

A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is

Growth angst or air pocket? Stocks nurse losses
Asia|Business|Economy|Technology

Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens

Boeing is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S.

Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens
Business|Economy|Europe|Technology

EU and Singapore agree digital trade deal

The European Union and Singapore concluded a digital trade agreement on Thursday designed to ease cross-border data flows and shape global rules for data.

EU and Singapore agree digital trade deal
Americas|Economy|Political

Forced to emigrate, Venezuelans living abroad hope for change — and to eventually return home

The prolonged economic and political instability in Venezuela has forced millions of Venezuelans to leave over the past decade, quashing many of their dreams and leaving many wondering if they’ll ever return to what was once South America’s most prosperous country

Forced to emigrate, Venezuelans living abroad hope for change — and to eventually return home
Africa|Economy|Health|News

Sudan's agriculture minister says there is no famine in the country

Sudan's agriculture minister said there is no famine in the country and cast doubt on U.N.-backed data that 755,000 are experiencing catastrophic hunger, rejecting the idea of

Sudan's agriculture minister says there is no famine in the country

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