Anheuser-Busch-InBev CEO Michel Doukeris addressed the Bud Light controversy on an earnings call with investors Thursday, downplaying the brand’s partnership with transgender influencer Dylan Mulvaney that prompted a boycott from conservatives. Doukeris told investors that he believes there is “misinformation” about the company’s partnership with Mulvaney, who had posted Bud Light beer cans with the…
Weight-Loss Firm Jenny Craig Closing US Operations, Filing for Bankruptcy
Weight-loss company Jenny Craig will be closing its centers across the United States and moving to an “e-commerce-driven model” ahead of a planned bankruptcy filing. The company shared the “unfortunate” news that it intends to file for bankruptcy in a statement and said it will impact its colleagues in the United States. “The Jenny Craig operations here in Australia…
Senators Will Look at Legislation Banning TikTok, Other Foreign-Controlled Apps: Schumer
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChuck SchumerCompaniesPolicies & ImpactsThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Senators will consider legislation aimed at increasing the Biden administration’s ability to crack down on Chinese-owned TikTok and other foreign-controlled applications, Senate Majority Leader Chuck Schumer (D-N.Y) told reporters on May 3. Schumer made the comments during a press conference after unveiling a new Democrat proposal—dubbed “China Competition Bill 2.0“—aimed at deterring China’s communist regime from escalating conflict with Taiwan…
Senators Will Look at Legislation to Ban TikTok, Other Foreign-Controlled Apps: Schumer
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina NewsChuck SchumerCompaniesPolicies & ImpactsThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Senators will consider legislation aimed at increasing the Biden administration’s ability to crack down on Chinese-owned TikTok and other foreign-controlled applications, Senate Majority Leader Chuck Schumer (D-N.Y.) told reporters on May 3. Schumer made the comments during a news conference after introducing a Democrat proposal dubbed “China Competition Bill 2.0,” which is aimed at deterring China’s communist…
PacWest Confirms It’s Considering Sale as Stock Selloff Deepens
Pacific Western Bank has confirmed that it’s exploring its “strategic options,” which is Wall Street code for the possibility of a sale to a white knight, with the bank saying it has been approached by potential investors. PacWest Bancorp, the California-based holding company that owns Pacific Western Bank, said in a statement on May 4…
French Oil Company Sues Greenpeace Over ‘False, Misleading’ Emissions Report
May 4, 2023
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Business & Marketscivil complaintCompanieseconomyenergyEuropegreenhouse gas emissionsGreenpeaceInvestmentMarketsTotalEnergiesUncategorizedWorld
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One of the world’s top five oil companies is suing Greenpeace over what it calls a false and misleading emissions report. The French oil giant, TotalEnergies, has filed a lawsuit against environmentalist group Greenpeace France and climate consulting firm Factor-X over a report accusing the company of massively underreporting its total greenhouse gas emissions in…
Australian Consumers to Avoid Milk Price Hikes in 2023
Australian consumers will not be hit by a price surge in dairy products in 2023 despite the market outlook pointing to another strong year for farmers, a new report has shown. According to the Australian Dairy Seasonal Outlook by Rabobank, a multinational financial institution specialising in food and agriculture banking, dairy prices are likely to…
Fox’s Gutfeld Defends Tucker Carlson After Video Leaks Draw Backlash
May 3, 2023
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Business & MarketsCompaniesFOXFox Newsfox tucker carlsongutfeldMedia & Big TechPoliticsSocial IssuesTucker CarlsonUSUS News
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Fox’s late-night show host Greg Gutfeld has come to the defense of his former colleague Tucker Carlson after a series of leaked videos featuring Carlson’s backstage comments drew backlash from commentators. “Apparently everyone understands nonsense banter between segments except for hall monitor failures bitterly chronicling the lives of the far more successful,” Gutfeld, host of…
Ryanair Traffic Jumps 13 Percent in April to Record Third Busiest Month Ever
DUBLIN—Ryanair flew 16 million passengers in April, up 13 percent year-on-year to record its third busiest month for traffic ever, Europe’s largest airline by passenger numbers said on Wednesday. The average proportion of empty seats per flight for the period—which included the Easter holidays—fell to 6 percent. The airline also cancelled more than 650 flights,…
Airbnb Will Push Rooms as Low-Cost Option to House Rentals
DALLAS—Airbnb is making a renewed push into renting single rooms in a nod to its beginnings and a realization that renting an entire house is too expensive for many travelers, especially younger ones. The short-term rental company rolled out a new offering Wednesday that it calls Airbnb Rooms. Guests can rent a room in the…
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