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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
Canada’s Wealthsimple aims for real-world cryptocurrency use as it looks beyond trading
By Nichola Saminather TORONTO – Canadian online brokerage Wealthsimple wants to chart a future enabling the real-world use of cryptocurrencies rather than simply facilitating trading, but is likely to face unexpected costs…
Ryanair sees very strong summer if no COVID setback
By Conor Humphries DUBLIN – Ryanair expects huge pent-up demand to lead to record summer passenger numbers and higher ticket prices if the recovery is not thrown off course by a new…
Botswana’s Debswana annual diamond sales jump 64%
GABORONE – Sales of rough diamonds by Debswana Diamond Company jumped 64% in 2021, statistics released by the Bank of Botswana showed on Monday, driven by the reopening of key global consumer…
Global carbon markets value surged to record $851 billion last year-Refinitiv
By Nina Chestney LONDON – The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record 760 billion euros ($851 billion) last year, analysts at Refinitiv…
Latam inflation anchored but risks persist -IMF
NEW YORK – Inflation rose the most in 15 years in some of Latin America’s largest economies last year, but credible monetary policies have kept long-term price increase expectations anchored, the International…
Exclusive-Pearson buys certification group Credly in deal valued at $200m
By Kate Holton LONDON – Education group Pearson has agreed to buy the certification company Credly to expand its offering to businesses looking to train and retain workers at a time of…
Goldman Sachs cuts 2022 GDP forecast to 3.2% vs 3.8% consensus
NEW YORK – Goldman Sachs cut its GDP forecast in 2022 to 3.2% from a consensus 3.8% as U.S. growth is likely to slow abruptly early in the year as fiscal support…
Analysts eye UPS automation efforts to offset increased wage costs
By Arriana McLymore NEW YORK, NY – Higher labor costs during the pandemic-plagued holiday season may erode the profits of United Parcel Service, the world’s biggest package delivery firm, which is set…
U.S. EV charging network is more robust but provider differences remain
By Tina Bellon – The U.S. public charging network for electric vehicles is becoming more robust, but significant differences in reliability and performance remain between providers, an industry ranking by engineering consulting…
UAE to launch first federal corporate tax on business profits from June 2023
By Hadeel Al Sayegh and Moataz Mohamed DUBAI -The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits for the first time starting from…
Lufthansa’s Eurowings goes on hiring spree as travel rebound expected
BERLIN – Lufthansa subsidiary Eurowings expects a strong recovery this year and is planning to add to about 750 new cockpit and cabin jobs over the next 12 months. In 2021, the…
Ryanair could shift up to 20 planes to Ukraine in next three years
DUBLIN – Ryanair could base up to 20 planes in Ukraine over the next few years if Russia does not invade and if airports there offer attractive enough deals, Group Chief Executive…
BlackBerry to sell patents related to mobile devices, messaging for $600 million
– BlackBerry Ltd said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire…
U.S. Treasury yield curve to flatten, possibly invert this year – Standard Chartered
NEW YORK – The U.S. Treasury yield curve is expected to be completely flat by mid year as the U.S. Federal Reserve hikes interest rates but growth is called into question, and…
Euro zone growth slowed in Q4 as Omicron COVID wave hit
BRUSSELS -The Omicron wave of COVID-19 infections slowed euro zone economic growth in the final quarter of 2021 compared to the previous three months although the impact was much stronger in Germany…
Oil forward curves signal tight market, supporting price rally
By Bozorgmehr Sharafedin LONDON – The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by…
Analysis-Inflation fears, Biden antitrust efforts could doom Sanderson, Wayne chicken deal
By Diane Bartz WASHINGTON – A plan hatched by Cargill Inc and Continental Grain Co to combine two big chicken processors – Sanderson Farms and Wayne Farms – flies in the face…
Dashed dreams for China Evergrande’s showpiece resort island
By Xie Yu, Julie Zhu, Yew Lun Tian and Clare Jim HONG KONG/DANZHOU, China – The opening last year of the world’s largest artificial resort island, developed by China Evergrande Group for…
U.S. public pension funds seen turning to more ‘aggressive’ investment – report
NEW YORK – U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign investors having…
Rising geopolitical tension and demand send oil price outlook soaring – Reuters poll
By Kavya Guduru – Oil prices will build on a strong start to the year with geopolitical risks to supply complementing a strong demand rebound as fears over the impact of the…
Cox Automotive launches Mobility unit aimed at carmakers, dealers, fleets
– Atlanta-based Cox Automotive, a unit of privately held Cox Enterprises, has launched a new Mobility division to provide commercial services to vehicle manufacturers, dealers and fleet operators, the company said on…
Italy’s Dolce & Gabbana to ditch fur
MILAN – Italian luxury group Dolce&Gabbana will stop using fur in all its collections from this year, the fashion brand said on Monday in a joint statement with animal rights association Humane…
Court says Credit Suisse faces $45.5 million claim in money-laundering case
ZURICH – Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal…
Jobless Indian youngsters accuse government of ‘playing with our lives’
By Krishna N. Das PATNA, India – Niranjan Kumar, the eldest son of a small farmer in the eastern Indian state of Bihar, was one of 12.5 million youngsters who applied for…
Facebook owner Meta to lift veil off its metaverse business
By Elizabeth Culliford – Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient…
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