Tag: economic policies

Anheuser-Busch to Invest Heavily in Marketing After Bud Light Transgender Controversy

April 28, 2023
Anheuser BuschboycottBud LightBusiness & MarketsCompaniesDylan Mulvaneyeconomic policieseconomyInvestmentMarketsUSUS News
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Anheuser-Busch is reportedly planning to invest in a major marketing campaign for Bud Light after getting involved in a transgender ad controversy. The beer company is promising beverage distributors they will avoid similar touchy subjects, The New York Post has learned. America’s largest beer giant saw its sales plummet after its Bud Light brand partnered with…

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Federal Agency Issues Emergency Waiver for E15 Gasoline to Boost Fuel Supply

April 28, 2023
Business & Marketseconomic policieseconomyenergyEPAGasUSUS News
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The U.S. Environmental Protection Agency on Friday issued an emergency nationwide waiver that allows for the sale of gasoline with higher concentrations of ethanol during the summer driving season. It’s the second year in a row that the EPA issued such an emergency rule allowing the sale of E15 gasoline, which has an ethanol content of 15…

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Is a 4-Day Work Week the Future for Australia?

April 28, 2023
AustraliaBusiness & MarketsCompanieseconomic policiesfour day work weekInternationalOpinionproductivityViewpointsWorld
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Commentary “There is no such thing as a free lunch” is an almost iconic popular phrase. I am reminded of this when reflecting on the current trend in many countries to introduce the four-day working week. For example, on Nov. 21, 2022, Belgium implemented a law that enables willing employees to transition to a four-day…

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Lyft Slashes Over 1,000 Jobs, 26 Percent of Its Workforce

April 28, 2023
Business & MarketsCompanieseconomic policieseconomyInvestmentlayoffsLyftMarketsMedia & Big TechrideshareTechUberUS
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Lyft announced that it would lay off 26 percent of its staff, becoming the latest company to initiate cuts in its workforce, as concerns over a potentially deep recession rise. The decision, which was filed with the Securities and Exchange Commission on April 27, will affect 1,072 out of the roughly 4,000 employees at the rideshare…

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Wall Street Opens Lower as Amazon Drags, Inflation Worries Persist

April 28, 2023
Business & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUS
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Wall Street’s main indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented bets that the Federal Reserve will hike interest rates again next week. The Dow Jones Industrial Average fell 28.73 points, or 0.08 percent, at the open to 33,797.43. The S&P 500 opened…

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Eurozone Grows Marginally at Start of 2023 After Stagnation

April 28, 2023
Business & Marketseconomic policieseconomyEuropeeurozoneGDPinflationMarketsrecessionWorld
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BRUSSELS—The eurozone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed on Friday. Gross domestic product in the eurozone expanded by 0.1 percent in the first quarter, below expectations in a Reuters poll for 0.2…

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BOJ’s New Chief Keeps Ultra-Low Rates, Embarks on Policy Review

April 28, 2023
Asia & PacificbojBusiness & Marketseconomic policieseconomyinflationJapanMarketsPolicyrecessionUedaWorld
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TOKYO—The Bank of Japan (BOJ) kept ultra-low interest rates on Friday but announced a plan to review its past monetary policy moves, laying the groundwork for new Governor Kazuo Ueda to gradually phase out his predecessor’s massive stimulus programme. While maintaining its commitment to “patiently” keep policy accommodative, the central bank removed a pledge from…

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German Unemployment Rises More Than Expected in April

April 28, 2023
Business & Marketseconomic policieseconomyEuropeGermanyinflationMarketsrecessionunemploymentWorld
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BERLIN—German unemployment rose more than expected in April, Labour Office figures showed on Friday, as a sluggish economy took its toll on the labour market. The Federal Labour Office said the number of people out of work increased by 24,000 in seasonally adjusted terms to 2.567 million. Analysts polled by Reuters had expected that figure…

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Euro Slips on GDP Data, Yen Slumps as BOJ Maintains Ultra-Low Rates

April 28, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON/SINGAPORE—The euro fell on Friday after economic data painted a mixed picture for growth and inflation across the eurozone, raising uncertainty around the size of the European Central Bank’s expected interest rate hike next week. Preliminary data showed gross domestic product in the eurozone expanded by 0.1 percent in the first quarter, below expectations in…

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Oil Heads for Another Monthly Decline as Weak US Data Weighs

April 28, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were heading for another monthly decline on Friday after disappointing U.S. economic data and uncertainty over further interest rate hikes weighed on the demand outlook. Brent crude futures for June were up 42 cents, or 0.5 percent, at $78.79 a barrel by 0946 GMT while the more actively traded July contract was down…

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