Apple’s App Store is being investigated by the UK competition watchdog over concerns about possible unfair practices that could ultimately mean consumers are paying higher prices. The Competition and Markets Authority (CMA) said its probe into the iPhone and iPad maker was partly prompted by complaints from app developers. Apple’s terms mean that developers can […]
LONDON (Reuters) – Worries about lofty U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell would address concerns about a rapid rise in long-term borrowing costs.FILE PHOTO: Dividers are seen inside a trading post on the trading floor at the New York Stock Exchange (NYSE), […]
OSLO (Reuters) – The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings Ltd Co on a watch list for possible exclusion from its $1.3 trillion sovereign wealth fund over the beverage giant’s business ties to Myanmar’s military.FILE PHOTO: An employee works at a beer production line at Japanese brewer Kirin Holdings’ […]
LONDON — Shanghai Chicmax Cosmetic Co. Ltd., the parent company of Chinese beauty brands Kans, One Leaf, Baby Elephant, Bio-G and Hanamino, signed a pre-listing tutoring agreement last week with CITIC Securities Company Ltd., kicking off the process of taking the company public in China. Chicmax’s chief executive officer and founder Yixiong Lv said in […]
FILE PHOTO: Clothing is seen for sale in an American Eagle Outfitters retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Mike Segar(Reuters) – American Eagle Outfitters Inc forecast higher spending for fiscal 2021 on Wednesday, as the apparel retailer plans supply chain investments to ensure fast delivery and easy shopping for consumers making […]
HOUSTON (Reuters) – Exxon Mobil Corp on Wednesday unveiled plans to grow dividends and curb spending with projections that were less bold than previous years after the top U.S. oil and gas producer posted a historic annual loss for 2020.FILE PHOTO: Darren Woods, Chairman & CEO of Exxon Mobil Corporation attends a news conference at […]
A microbiologist with more than 40 years’ experience says the term “deep clean” thrown around by businesses is a “public pacifier” and firms are not doing enough to mitigate Covid-19 transmission risks following positive case exposure. Ben Harris, medical microbiology scientist and lecturer at the University of Otago, says the now-famous phrase “deep clean” is […]
FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2020. REUTERS/Brendan McDermid(Reuters) – Shares in mortgage lenders UWM Holdings Corp and Rocket Companies jumped in early […]
Slideshow ( 3 images )PARIS (Reuters) – U.S investment company Artisan Partners on Wednesday said that Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who holds that position at the French food company. This week, Danone said Faber – who until now has combined the CEO and chairman roles […]
Slideshow ( 3 images )PARIS (Reuters) – U.S investment company Artisan Partners on Wednesday said that Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who holds that position at the French food company. This week, Danone said Faber – who until now has combined the CEO and chairman roles […]