Maryland gaming industry delivers $1.589 billion to state programs in fiscal year 2025
Baltimore, MD – The Maryland Lottery, casinos, sportsbooks, and daily fantasy sports operators contributed a combined $1.589 billion to state programs and services during Fiscal Year 2025, according to new figures released…
Auto industry CEOs urge Congress to quickly pass chips funding
By David Shepardson WASHINGTON – Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen…
Unilever CEO sees crisis as new normal for industry
DUBLIN – Unilever chief executive Alan Jope said on Tuesday that consumer goods companies should get used to the idea of “crisis being more or less the new normal” as they fight…
L’Oreal CEO remains confident on outlook for beauty industry
DUBLIN – L’Oreal chief executive Nicolas Hieronimus said he remained confident about the outlook for the beauty industry with consumers continuing to want to indulge despite the global economy becoming “even more…
Qatar Airways warns industry 2050 net zero target challenging for airlines to meet
DOHA – Qatar Airways’ chief executive said on Monday the industry’s net-zero 2050 target, which was set last year, would be difficult for airlines to achieve. It is going to be “very…
Private equity industry faces ‘perfect storm’ as market turmoil bites
By Emma-Victoria Farr BERLIN – Private equity investors gathered in Berlin at their annual get-together are fretting a season of record buyouts is drawing to a close after a week of market…
VW U.S. chief warns of industry challenges with EV battery shift
By David Shepardson WASHINGTON – Volkswagen AG’s top U.S. executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including…
European defence industry co-operation must be enhanced – France’s Macron
PARIS – French President Emmanuel Macron said on Monday that co-operation in the European Union’s defence industry needed to be enhanced, including by the introduction of measures to favour EU companies on…
S.Korean industries face losses worth $1.2 billion due to trucker strike – industry ministry
SEOUL – South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due to the ongoing trucker strike, the country’s…
Italian industry output jump allays recession fears
By Valentina Consiglio and Gavin Jones ROME -Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a 0.2% gain in March, data showed on…
Leave post-Brexit shift in euro clearing to markets, industry tells EU
By Huw Jones LONDON – Relocating euro clearing from London to the European Union must be “market-led” rather than mandatory, with the shift already well underway, the head of Eurex Clearing said…
‘Build Back Beijing’: Biden Waives Solar Tariffs In Massive Win For Chinese Industry
‘Build Back Beijing’: Biden Waives Solar Tariffs In Massive Win For Chinese Industry Thomas Catenacci on June 6, 2022 President Joe Biden is set to use his executive authority Monday to issue…
UK says it will work with aviation industry to solve travel chaos
LONDON – British transport minister Grant Shapps said on Sunday the government would work hard with the aviation industry to avoid a repeat of the chaos at airports last week as passengers…
Private equity industry like a Ponzi scheme, says Amundi CIO
LONDON – The private equity industry has grown into a pyramid scheme that will create casualties in around three to five years, the chief investment officer of Europe’s biggest asset manager said…
Republican States Fight Back Against Biden’s Stealth Attacks On Oil, Gas Industry
Republican States Fight Back Against Biden’s Stealth Attacks On Oil, Gas Industry Thomas Catenacci on May 27, 2022 A group of 21 Republican attorneys general argued Friday that the Biden administration’s move…
Analysis-Schroeder throws in towel as German industry clings on to Russian gas
By John O’Donnell and Christoph Steitz FRANKFURT – Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany’s gas lobby as it…
Industry groups want G7 countries to align climate ambitions -BDI
FRANKFURT – The Group of Seven (G7) economic powers should align international climate protection ambitions along the lines of a “climate club” proposed by German Chancellor Olaf Scholz, the head of the…
Biden May Not Hold Any Offshore Oil And Gas Leases Until The End Of His Term, Industry Group Says
Biden May Not Hold Any Offshore Oil And Gas Leases Until The End Of His Term, Industry Group Says Thomas Catenacci on May 20, 2022 The American Petroleum Institute (API), a leading…
Analysis-Musk’s ESG attack spotlights $35 trillion industry confusion
By Simon Jessop and Ross Kerber LONDON/BOSTON – Elon Musk’s rejection of environmental, social and corporate governance (ESG) scores as a “scam” highlights how Wall Street’s hottest investment trend that encompasses some…
Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag
BERLIN – Germany’s second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper…
Nigeria’s Ibom Air rejects industry plan to stop flights over jet fuel cost
By Camillus Eboh ABUJA – Nigerian airline Ibom Air on Saturday said it will not take part in an industry plan to stop flights from Monday over the high cost of jet…
Macro hedge funds lead industry gains in April
NEW YORK – Hedge funds posted gains of 2.33% in April, mostly driven by macro funds, which managed to perform well amid high volatility, a report by hedge fund data provider HFR…
Swiss industry and households feel strain from rising prices-data
ZURICH – Switzerland’s manufacturing Purchasing Managers Index (PMI) continued its downward trend in April, data released on Monday showed, as prices continued to rise on a broad scale. The consumer sentiment index,…
‘The Supply Chain Does Not Exist’: Green Energy Industry Is In For A Rude Awakening
‘The Supply Chain Does Not Exist’: Green Energy Industry Is In For A Rude Awakening Thomas Catenacci on May 1, 2022 Wind and solar companies have reported massive profit declines over the…
U.S. solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty
(Reuters) – The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports…
Cetera Adds Industry Veteran To Business Development Team
“Steve’s unique background and skillset make him an excellent addition that bolsters our already-powerful team,” said John Pierce, head of business development at Cetera. “As we continue to attract advisors from across…
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