Florida’s House of Representatives on April 21 approved a state Senate-passed measure that would strip Walt Disney Co. of its self-governing special district, reversing a more-than-50-year-old Florida provision amid criticism over the corporation’s decision last month to oppose a parental rights law. The decision could mean that Disney, which controls a 25,000-acre parcel of land…
Florida House Approves Bill Revoking Disney’s Special Self-Governing Status
Florida House Passes Bill Revoking Disney’s Special Self-Governing Status
The Florida House on Thursday approved a Senate-passed measure that would strip Disney of its self-governing status, reversing a more than 50-year-old Florida provision amid criticism over the corporation’s decision last month to announce its goal to repeal a separate parental rights bill. The decision Thursday could mean that Disney, which controls a 25,000-acre parcel…
Nestlé Says Further Price Hikes Lie Ahead Amid Rising Cost Inflation
Nestlé SA predicted on April 21 that more price increases will be required in the future amid rising inflation levels. The Swiss multinational food and drink company increased pricing for its products by 5.2 percent in the first quarter of 2022, helping to produce organic sales growth of 7.6 percent and beating analysts’ expectations of 5.1 percent. “In…
China’s Top Oil Gaint Plans to Exit Western Markets in Fear of Sanctions, Returning to Domestic IPOs
April 21, 2022
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BeijingBusiness & EconomyChinaChina Business & EconomyChinese RegimeCNOOCcommoditiesCompaniesFinance & Business TiesIPOsMade in China 2025MarketsNYSERussia-UkraineShanghai Stock ExchangeSpecial TopicsThousand Talents Programtrade practicesUS-China relations
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China is selling its oil fields in the United States, Canada, and Britain due to fear of Western sanctions, according to a recent Reuters report. Experts say Beijing’s over-reliance on U.S. markets and technologies could be fatal in the case of being sanctioned or losing its overseas assets. China’s top offshore oil and gas producer,…
China’s Top Oil Gaint Reportedly Plans to Exit Western Markets in Fear of Sanctions, Returning to Domestic IPOs
April 21, 2022
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BeijingBusiness & EconomyChinaChina Business & EconomyChinese RegimeCNOOCcommoditiesCompaniesFinance & Business TiesIPOsMade in China 2025MarketsNYSERussia-UkraineShanghai Stock ExchangeSpecial TopicsThousand Talents Programtrade practicesUS-China relations
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China is selling its oil fields in the United States, Canada, and Britain due to fear of Western sanctions, according to a recent Reuters report. Experts say Beijing’s over-reliance on U.S. markets and technologies could be fatal in the case of being sanctioned or losing its overseas assets. China’s top offshore oil and gas producer,…
Trump: Piers Morgan ‘Deceptively’ Edited His Interview
April 21, 2022
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Business & EconomyCompaniesDonald TrumpExecutive BranchMedia & Big TechPiers MorganPoliticsUSUS News
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Former President Donald Trump said pundit Piers Morgan deceptively edited his interview with the former president after the “Good Morning Britain” host published a video that appeared to show Trump walking out of the interview. “Piers Morgan, like the rest of the Fake News Media, attempted to unlawfully and deceptively edit his long and tedious…
Ford Recalls Over 650,000 Trucks; Windshield Wipers Can Fail
DETROIT—Ford is recalling more than 650,000 pickup trucks and big SUVs in the U.S. because the windshield wipers can break and fail. The recall covers certain F-150 pickups, and Ford Expedition and Lincoln Navigator SUVs from the 2020 and 2021 model years. Also included are F-250, 350, 450, and 550 trucks from 2020 through 2022….
Clean Energy, Critical Minerals Can Be Produced Domestically: Former Energy Official
April 21, 2022
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Business & Economyclean energyconaltcritical mineralseconomyEnvironmentfederal permittingPolicies & ImpactsScienceUSUS News
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There is no need to choose between environmental protection and producing clean energy at low cost, as both can be achieved, said Alex Fitzsimmons, former deputy assistant secretary in the Office of Energy Efficiency and Renewable Energy during the Trump administration. “The U.S. is the number one reducer of CO2 [carbon dioxide] emissions in the world….
Musk Secures $46.5 Billion Funding to Buy Twitter, Says Ready for Tender Offer
Billionaire Tesla CEO Elon Musk has secured the funding required financing to make a tender offer to buy Twitter and take the company private, according to a new SEC filing. The document shows that Musk has received $46.5 billion in commitment to help finance the proposed deal. Through a tender offer, Musk plans to approach Twitter…
American Airlines Forecasts Return to Profit as Bookings Rebound
CHICAGO—The American Airlines Group became the latest carrier on Thursday to offer an upbeat outlook on bookings, saying rebounding passenger numbers would help it back to profit in the current quarter. Shares in the United States’ biggest airline by seat capacity soared in pre-market trade, with the Texas-based carrier also saying that rising travel demand…
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