NEW YORK—Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas, and New Mexico were on the list, citing anonymous sources and store visits. Walmart is…
Walmart to End Cigarette Sales in Some Stores
March 29, 2022
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Business & EconomycigaretteCompaniesendLocal NewsNew YorkRegional-Local NewssalesSome StoresUSUS NewsWalmart
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US Auto Sales Slump as Less Affluent Buyers Walk Away
U.S. new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories and rising prices push less affluent buyers out of the market, research firm Cox Automotive said Monday. U.S. car and light truck sales are expected to fall more than 24 percent…
Russia’s Polymetal Is Studying Possibility of Kazakh Mines Demerger
March 29, 2022
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Business & EconomyCompaniesDemergereconomic policieseconomyEuropeInternationalKazakhMarketsminesPolymetalPossibilityRussiaRussia-Ukraine WarWorld
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Russian gold and silver producer Polymetal is analyzing the possibility of breaking off its Kazakh mines at the request of a group of investors, it said on Monday, adding that it was premature to speak of a decision. London-listed Polymetal, which has a free float of 75.2 percent, is not subject to any Western sanctions…
Hundreds of Migrant Workers Constructing Makeshift Hospitals in China Are Diagnosed With COVID-19
March 29, 2022
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Asia & PacificCCP VirusChinaChina Business & EconomyChinese Regimeconstruction workersCOVID-19HarbinINSIDE CHINAJilinmakeshift hospitalWorld
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At least 300 migrant workers constructing makeshift hospitals in China’s Jilin Province were infected with COVID-19 due to the harsh living environment and lack of protection. Now, these workers have been quarantined in those makeshift hospitals, all the while having not received payment for their labor, but forced to pay for quarantine. “We are diagnosed…
Ukraine Invasion Expected to Hamper US Ad Market Growth: Forecast
March 29, 2022
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advertisingBusiness & Economyeconomic policieseconomyEuropeMarketsRussia-Ukraine WarRussian Invasion of UkraineWorld
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The U.S. advertising market will grow in 2022 but only by half as much as it did in 2021, according to an industry forecast released on Monday that cited both last year’s record growth from the COVID-19 recovery and the economic harm from the Russian invasion of Ukraine. Media intelligence firm MAGNA, a unit of…
Western Australian Government to Consult Community on Tackling Coercive Control
The Western Australian (WA) government is inviting Western Australians to share their views on whether specific laws should be introduced to combat coercive control in relationships. According to a release on Tuesday, the WA criminal justice system already recognises and responds to coercive control in various ways, but the government will consult victim-survivors, legal and…
Tesla to Seek Shareholder Approval for Stock Split; Shares Surge
Tesla Inc. will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 percent. The plan came as the company suspended its Shanghai factory amid COVID-19-related lockdown measures and its artificial intelligence head…
Barclays Faces $590 Million Hit, Scrutiny Over Sales Slip-Up
LONDON/NEW YORK—British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity since Russia’s invasion of Ukraine. Barclays also said on Monday that it will have to delay a planned 1 billion pound share…
Rupee-Ruble Trade Under Consideration, Says Head of Indian Export Group
March 29, 2022
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Asia & PacificBusiness & Economycommoditieseconomic policieseconomyEuropeMarketsoil tradeRussia India relationsRussia-Ukraine WarRussian Oil BanWorld
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India may announce a payment arrangement that would allow it to trade with Russia using local currencies—the rupee and the ruble—according to A. Sakthivel, the president of the Federation of Indian Export Organizations (FIEO). Such a proposed rupee-ruble method would allow India to continue trade with Russia even as Western sanctions have disrupted international payment…
Rouble Firms Past 90 vs Dollar, Russian Stocks Extend Slide in Volatile Trade
March 29, 2022
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Business & Economyeconomic policieseconomyEuropeMarketsroubleRussiaRussia-Ukraine WarstockstockstradeUkraineWorld
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The rouble firmed past 90 against the dollar in Moscow trade on Monday, a near one-month high, while Russian stocks extended their slide lower on the third session of trading after an almost month-long suspension. The Russian market is gradually reopening after a suspension caused by sweeping Western sanctions that followed the beginning of what…
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