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Blackrock, other major McDonald’s shareholders side with company in fight with Icahn – source By Elizabeth Dilts Marshall 0 comments Posted on May 25, 2022 McDonald’s company logo is seen on the front of a restaurant in London BOSTON (Reuters) – Index fund BlackRock and other major McDonald’s shareholders are backing the company in a boardroom vote that puts the fast-food chain on course to defeat...

Amazon opens first physical fashion retail store By Aditya Kalra 0 comments Posted on May 25, 2022 FILE PHOTO: Amazon logo at the company’s logistics center in Bretigny-sur-Orge (Reuters) – Amazon.com Inc said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing COVID-19 curbs. The store, Amazon Style, located in Los Angeles, will use machine-learning...

nomy Swiss National Bank chairman says global monetary policy moving into tightening phase – magazine By Metro US 0 comments Posted on May 25, 2022 Swiss National Bank (SNB) Chairman Jordan addresses a news conference in Bern ZURICH (Reuters) – Global monetary policy is moving into a new phase of higher interest rates to combat resurgent inflation, Swiss National Bank Chairman Thomas Jordan told Bilanz magazine in an...

U.S. automated electric truck startup Solo AVT picks battery supplier ABS By Paul Lienert 0 comments Posted on May 25, 2022 A handout image of Solo AVT’s SD1 battery-electric, long-haul truck (Reuters) – Silicon Valley startup Solo Advanced Vehicle Technologies has partnered with Michigan-based Advanced Battery Solutions (ABS) to develop battery packs for its new driverless electric heavy-duty truck, Solo AVT’s chief executive told Reuters. “We’re focused...

Israel, Turkey looking to expand economic partnership By Asif Shahzad 0 comments Posted on May 25, 2022 Turkish Foreign Minister Mevlut Cavusoglu visits the compound that houses Al-Aqsa Mosque, known to Muslims as Noble Sanctuary and to Jews as Temple Mount, in Jerusalem’s Old City JERUSALEM (Reuters) -Israel and Turkey’s top diplomats said on Wednesday their countries were hoping to expand economic ties as they seek...

Pakistan police fire teargas, baton-charge supporters of ousted PM Khan By Asif Shahzad 0 comments Posted on May 25, 2022 Police officers check identity passes of the commuters entering Red Zone for their offices, ahead of the planned protest march towards Islamabad led by ousted Prime Minister Imran Khan, in Islamabad ISLAMABAD (Reuters) – Pakistani police fired teargas and baton-charged supporters of ousted Prime Minister Imran...

Indian court orders life in jail for top Kashmiri separatist By Daphne Psaledakis and Karin Strohecker 0 comments Posted on May 25, 2022 JKLF’s Malik is escorted by Indian police officers at a court premises in New Delhi NEW DELHI/SRINAGAR (Reuters) – An Indian court on Wednesday ordered life in jail for Kashmiri separatist leader Yasin Malik for funding “terrorist” activities and other charges, a judge...

Russia pushed closer to brink of default after U.S. payment license expires By Daphne Psaledakis and Karin Strohecker 0 comments Posted on May 25, 2022 FILE PHOTO: Security talks at the United States Mission in Geneva WASHINGTON/LONDON (Reuters) -The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up...

BlackRock CEO Fink says clients must decide how to navigate energy transition By Mike Spector and David Shepardson 0 comments Posted on May 25, 2022 People are seen in front of a showroom that hosts BlackRock in Davos (Reuters) – BlackRock Inc Chief Executive Laurence Fink on Wednesday said clients must decide for themselves how to navigate the energy transition. Speaking at the company’s annual shareholder meeting,...

Exclusive-Stellantis unit FCA reaches plea deal in U.S. emissions probe -sources By Mike Spector and David Shepardson 0 comments Posted on May 25, 2022 FILE PHOTO: A Fiat Chrysler Automobiles sign at the U.S. headquarters in Auburn Hills, Michigan NEW YORK/WASHINGTON (Reuters) – The U.S. business of Fiat Chrysler Automobiles has agreed to plead guilty to criminal conduct and pay roughly $300 million in penalties to...

U.S. business spending on equipment shows signs of slowing in April By Lucia Mutikani 0 comments Posted on May 25, 2022 General view of metal cutting machines inside Gent Machine Co.’s 55-employee factory in Cleveland WASHINGTON (Reuters) – New orders for U.S.-made capital goods rose less than expected in April, pointing to some moderation in business spending on equipment early in the second quarter, and headwinds...

Analysis-As U.S. economy’s exceptionalism fades, so does the dollar By Tommy Wilkes and Saikat Chatterjee 0 comments Posted on May 25, 2022 FILE PHOTO: U.S. one dollar banknotes are seen in this illustration LONDON (Reuters) – The dollar’s rally to two-decade highs appears to have stalled, with doubts growing on whether the U.S. economy will prove as resilient and monetary policy as aggressive as previously expected. After...

Universal basic mobility: Cities tackle the transport gap with free transit, e-bikes and car sharing Decent and affordable transportation for all: Can ‘universal basic mobility’ make cities fairer and more sustainable?   -   Copyright  Canva By Gaia Lamperti  •  Updated: 20/05/2022 In a car-dependent city like Los Angeles, life is much trickier for those who cannot drive or afford a vehicle of their own. In fact, local transport authorities estimate...

Terra Luna crash: What are ‘stablecoins’ and how stable are they really? Tether is the biggest 'stablecoin' on the market   -   Copyright  Unsplash By Luke Hurst  •  Updated: 25/05/2022 - 11:01 The world of cryptocurrencies was sent into a spin with the collapse of stablecoin TerraUSD and its sister coin Luna, whose prices crashed earlier this month. There’s nothing new about wild volatility in cryptocurrency prices. But investors were caught by...