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Tag:

business

  • Business News

    Aurubis confirms 85% quarterly profit rise, raised earnings forecast

    by Reuters February 7, 2022
    by Reuters February 7, 2022

    HAMBURG -Aurubis AG, Europe’s largest copper producer, on Monday confirmed an 85% rise in quarterly profits and reiterated increased full-year earnings estimates as high metal prices and strong output boosted …

  • Business News

    DP World posts 9.4% rise in 2021 container volumes

    by Reuters February 7, 2022
    by Reuters February 7, 2022

    DUBAI – Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said …

  • Business News

    Dolce&Gabbana takes perfumes and cosmetics business in-house

    by Reuters February 7, 2022
    by Reuters February 7, 2022

    ROME – Italian luxury group Dolce&Gabbana has set up a new company to directly manage the development, production and sale of its perfumes and cosmetics, Chief Executive Alfonso Dolce said …

  • Business News

    Samsung, Blue Ocean launch U.S. stock trading during South Korean business hours

    by Reuters February 7, 2022
    by Reuters February 7, 2022

    By John McCrank NEW YORK – Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based …

  • Business NewsFeatured News

    Musk’s SpaceX working to restore Tonga’s internet – Fiji official

    by Reuters February 7, 2022
    by Reuters February 7, 2022

    SINGAPORE – Elon Musk’s satellite internet venture is helping to restore connectivity to the Pacific Island nation of Tonga, according to an official in Fiji where the work is underway. …

  • Business NewsFeatured News

    Spotify CEO condemns Rogan over racial slurs, but won’t silence him

    by Reuters February 6, 2022
    by Reuters February 6, 2022

    By Bhargav Acharya and Shivani Tanna – Spotify Chief Executive Officer Daniel Ek said on Sunday he “strongly” condemns racial slurs and other comments made by popular U.S. podcaster Joe …

  • Business NewsFeatured News

    James Hardie sets higher profit view as U.S. housing market boom continues

    by Reuters February 6, 2022
    by Reuters February 6, 2022

    – James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next …

  • Business NewsFeatured News

    Porsche expects another record year for sales despite chip shortage – Automobilwoche

    by Reuters February 6, 2022
    by Reuters February 6, 2022

    BERLIN – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When …

  • Business NewsFeatured NewsSports

    NBC’s Olympics opening ceremony coverage draws nearly 14 million U.S. TV viewers

    by Reuters February 5, 2022
    by Reuters February 5, 2022

    By Helen Coster -NBC’s coverage of the opening ceremony for the Beijing Olympic Games averaged close to 14 million U.S. television viewers, according to preliminary data provided by NBCUniversal on …

  • Business NewsFeatured News

    Special Report-Inside J&J’s secret plan to cap litigation payouts to cancer victims

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Mike Spector and Dan Levine NEW YORK – Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to …

  • Business NewsFeatured News

    Ford to suspend or cut output at 8 of its factories due to chip shortage

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    SAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply …

  • MIsc. News

    J&J tried to get federal judge to block publication of Reuters story

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Maria Chutchian and Tom Hals – Johnson & Johnson tried to get a U.S. judge to block Reuters from publishing a story based on what it said were confidential …

  • MIsc. News

    Airbus may make engines for hydrogen fuelled planes, CEO tells paper

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    FRANKFURT – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker …

  • Business NewsFeatured NewsUS and World News

    As NFTs flourish, U.S. Treasury raises alarm over money laundering in art

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Daphne Psaledakis WASHINGTON – The U.S. Treasury Department on Friday issued a set of recommendations to combat illicit finance in the high-value art market and warned that the emerging …

  • Business News

    Carlsberg warns that higher beer prices could hit sales

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Jacob Gronholt-Pedersen COPENHAGEN -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s …

  • Business NewsFeatured NewsTech and Gaming

    Facebook owner Meta adds tool to guard against harassment in metaverse

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Elizabeth Culliford – Facebook’s parent Meta Platforms said on Friday it is launching a tool for people using its virtual reality social platforms to maintain personal space boundaries, as …

  • Business NewsFeatured News

    Tyson Foods’ beef profits expected to amplify concerns about high meat prices

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Tom Polansek CHICAGO – Tyson Foods Inc is expected to post strong results for its beef business in a quarterly earnings report on Monday, as the Biden administration’s criticism …

  • Business NewsFeatured News

    From Kisses to Kleenex, consumer-product makers plot additional U.S. price hikes

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    By Siddharth Cavale and Uday Sampath Kumar – From Hershey to Clorox and Kleenex maker Kimberly-Clark, major consumer-products companies have announced plans to boost U.S. prices further or more broadly …

  • Business NewsTravel

    Southwest Airlines to bring alcohol back on planes after nearly two years

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    – Southwest Airlines Co will resume alcohol sales on its flights this month after nearly two years, the Texas-based carrier said on Thursday, a pause it extended last year due …

  • MIsc. News

    Student budgets may be tested by Cup Noodle price hike in Japan

    by Reuters February 4, 2022
    by Reuters February 4, 2022

    (Refiling to remove a redundant full stop in paragraph 11) By Kantaro Komiya TOKYO – Student budgets in Japan may come under pressure after Cup Noodle, a cheap meal long …

  • Business NewsFeatured News

    All in a day: Zuckerberg loses $29 billion, Bezos set to pocket $20 billion

    by Reuters February 3, 2022
    by Reuters February 3, 2022

    By Eva Mathews and Nivedita Balu -Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff …

  • Business News

    Amazon trots out YouTube-sized advertising business

    by Reuters February 3, 2022
    by Reuters February 3, 2022

    By Danielle Kaye NEW YORK – Amazon pulled the veil off its sprawling advertising business for the first time on Thursday, revealing a business larger than that of Google’s YouTube. …

  • Business News

    Biden nominee Raskin vows Fed will monitor climate risk, not dictate lending

    by Reuters February 3, 2022
    by Reuters February 3, 2022

    By Pete Schroeder and Hannah Lang WASHINGTON -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks …

  • Business News

    Why Biden has eased up on Facebook over COVID misinformation

    by Reuters February 3, 2022
    by Reuters February 3, 2022

    By Nandita Bose WASHINGTON – When U.S. President Joe Biden accused Facebook of “killing people” by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning …

  • Business NewsFeatured News

    Exclusive-iPhone flaw exploited by second Israeli spy firm-sources

    by Reuters February 3, 2022
    by Reuters February 3, 2022

    By Christopher Bing and Raphael Satter WASHINGTON – A flaw in Apple’s software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused by …

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