Category Archives:
Australian luxury wine to China will take years to rebuild – Treasury
SYDNEY (Reuters) - Chinese wine sales will not return to the same level for Australia's Treasury Wine Estate even if high tariffs imposed during a political dispute with Canberra are dropped, its chie...
May 16, 2023
Shake Shack settles with activist investor, adds independent director
(Reuters) - Restaurant chain Shake Shack Inc said on Tuesday it has added an independent director to its board in agreement with activist investor Engaged Capital LLC. On May 14, the Wall Street Journ...
May 16, 2023
Italy’s Intesa embraces AI to tame bank supervision “information overload”
MILAN (Reuters) - Intesa Sanpaolo has introduced an artificial intelligence tool it has designed to wade through thousands of publications on banking supervision, Italy's biggest bank said on Tuesday....
May 16, 2023
Stellantis recalls 132,000 Jeep Cherokee SUVs over fire risks
WASHINGTON (Reuters) - Chrysler-parent Stellantis said Tuesday it is recalling just over 132,000 Jeep Cherokee SUVs in the United States for fire risks and warning owners to park outside until repairs...
May 16, 2023
UK PM Sunak’s spokesperson: Brexit has not failed
LONDON (Reuters) - Britain's departure from the European Union has not been a failure, Prime Minister Rishi Sunak's spokesperson said on Tuesday, rebuffing criticism from prominent eurosceptic politic...
May 16, 2023
AstraZeneca to leave leading U.S. drug lobby group
By Maggie Fick LONDON (Reuters) - AstraZeneca has decided to leave the main U.S. drug lobby group, the Pharmaceutical Research and Manufacturers of America (PhRMA), and pursue other ways of engaging i...
May 16, 2023
iDEAL Semiconductor targets cheaper electric car chips with $40 million funding
By Stephen Nellis and Jane Lanhee Lee (Reuters) - iDEAL Semiconductor on Tuesday said it has raised a new round of funding and is releasing a new technology that can make chips for electric vehicles a...
May 16, 2023
Boohoo targets ‘step-change’ in U.S. fortunes with new warehouse
By James Davey LONDON (Reuters) - Struggling British online fashion retailer Boohoo said this year's opening of a first distribution centre in the United States has the potential to transform its fort...
May 16, 2023
Buying Teck’s coal unit as a standalone a ‘distant second’ for Glencore – CEO
LONDON (Reuters) - Buying Teck Resources' coal business as a standalone unit is a "distant second" for Glencore and Teck should not leave out the Swiss miner if it keeps pursuing its separation plan, ...
May 16, 2023
German economic growth to remain muted in near term – IMF
BERLIN (Reuters) -The German economy has shown resilience over the last year thanks to a strong policy response and a mild winter, but economic growth will remain muted in the near term, the Internati...
May 16, 2023
Peoria, IL, USA
60 °F Partly cloudy
