Tuesday, 28 Mar 2023


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No Longer at Starbucks Helm, Howard Schultz Is the Focus at Labor Hearing

When Howard Schultz of Starbucks testifies before a Senate committee on Wednesday about the company’s labor policies, he will no longer be its chief executive. But his presence will underscore his continuing sway over a company he has run on and off since the 1980s. The Capitol Hill appearance, which Mr. Schultz had resisted until […]

Federal Reserve and Global Central Banks Act to Shore Up Dollar Access

WASHINGTON — The Federal Reserve and other major global central banks on Sunday announced that they would work to make sure dollars remain readily available across the global financial system as bank blowups in America and banking issues in Europe create a strain. The Fed, the Bank of Canada, the Bank of England, the Bank […]

The Week in Business: A Banking Crisis

What’s Up? (March 12-18) Financial Panic After the Federal Deposit Insurance Corporation stepped in last weekend to take over Silicon Valley Bank and Signature Bank, panic rippled through the banking sector, touching off government interventions to prop up other suffering banking institutions. On Thursday, 11 of the country’s biggest banks combined resources to inject $30 […]

Where Did All Your Zoom Friends Go?

One day last year, Julie Gauthier went on Twitter with a confession to make. “Unpopular opinion: I don’t have zoom fatigue and I miss zoom happy hours and game nights,” she wrote. “I feel more isolated now than I did when friends all took time to chat online at the beginning of the pandemic.” Ms. […]

Masatoshi Ito, 98, the King of Convenience Stores in Japan, Dies

TOKYO — Masatoshi Ito, who built a Japanese retail empire and helped fundamentally change the country’s consumer culture with the introduction there of the American convenience store 7-Eleven, died on Friday. He was 98. Seven & I Holdings, the company he founded, which acquired majority control of 7-Eleven, confirmed the death in a statement on […]

As Economy Falters, China’s New Premier Tries to Boost Business Confidence

BEIJING — China’s new premier, the country’s No. 2 leader after Xi Jinping, sought on Monday to reinvigorate confidence in the faltering economy, promising that private-sector companies would be treated equally with state-owned ones and that the property rights and other interests of entrepreneurs would be strictly respected. Premier Li Qiang, who took office on […]

Yellen Says Regulators at Work to Contain Fallout From Silicon Valley Bank Collapse

Treasury Secretary Janet L. Yellen said on Sunday that regulators were working throughout the weekend to deal with the fallout from the collapse of Silicon Valley Bank but tried to assure the public that the American banking system is “safe and well capitalized.” The Federal Deposit Insurance Corporation said on Friday that it would take […]

Third Black-Owned Company Emerges as Suitor for BET

When the cable giant Viacom bought Black Entertainment Television at the turn of the millennium for $2.34 billion, it made Robert L. Johnson, BET’s founder, the first Black billionaire in the United States. Since then, the fortunes of cable TV have waned. Viewers have abandoned traditional television in droves, and Black-owned media organizations in the […]

Why Russia Has Such a Strong Grip on Europe’s Nuclear Power

The pinched cylinders of Russian-built nuclear power plants that dot Europe’s landscape are visible reminders of the crucial role that Russia still plays in the continent’s energy supply. Europe moved with startling speed to wean itself off Russian oil and natural gas in the wake of war in Ukraine. But breaking the longstanding dependency on […]

Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

WASHINGTON — President Biden on Thursday will propose policies aimed at trimming federal budget deficits by at least $2 trillion over the next 10 years as his administration embraces the politics of debt reduction amid a fight with Republicans over raising the nation’s borrowing limit. Mr. Biden’s plans, which will be detailed as part of […]