Target Corp said on Friday it has removed Johnson & Johnson’s (J&J) Neutrogena aerosol sunscreen products from its stores and website after the pharmaceutical company said it had detected a cancer-causing chemical in some samples. Pharmacy chains CVS Health Corp, Walgreens Boots Alliance Inc and retailer Walmart Inc have also pulled J&J’s sunscreen off their…
US Retail Sales Unexpectedly Rise in June
WASHINGTON—U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. The rebound in sales reported by the Commerce Department on Friday was despite purchases of motor vehicles declining again because of a lack of supply caused by a global semiconductor shortage. The scarcity of…
Climate Change Activism Will Benefit Heavy Emissions Producers Overseas: Mining Industry
July 16, 2021
admin
Asia & PacificAustraliaBusinessclimate changeCorporate ActivismEconomiesInternationalInternational Energy AgencyMinerals Council of AustraliaWorld
0 Comment
Attempts to shut down Australia’s coal industry for the sake of climate change are premature—according to mining industry representatives—who say Asian nations will simply source coal from other countries, many of which have less stringent environmental regulations. The warning comes as the International Energy Agency (IEA) revealed global electricity demand—namely from India and China—could rise,…
US Unemployment Claims Fall to 360,000, a New Pandemic Low
WASHINGTON—The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally,…
Fed Chair Defends Current Policy, Says He Thinks About Inflation ‘Night and Day’
WASHINGTON—Federal Reserve Chair Jerome Powell on July 15 expressed concerns about inflation, stating that he and his colleagues are thinking about rising prices “night and day.” Powell, however, said during a Senate Banking Committee hearing that the Fed’s easy monetary policy will continue as the jobs market recovery “is still a ways off.” Powell’s testimony…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
BEIJING—China’s economy grew slightly slower than expected in the second quarter, weighed down by higher raw materials costs and new COVID-19 outbreaks. Expectations build that policymakers may have to do more to support the recovery. Gross domestic product (GDP) expanded 7.9 percent in the April-June quarter from a year earlier, official data showed on July…
Taiwan Chipmaker TSMC Says Profit up 11.2 Percent as Demand Rises
TAIPEI, Taiwan—TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, said Thursday its latest quarterly profit rose 11.2 percent over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased. Sales in the three months ending June 30 rose 19.8 percent to $13.3 billion, said…
The Downsides of the JobKeeper Redux
Commentary It did not take long for commentators to label the revised joint Commonwealth and state financial support package for the economic victims of COVID-19 restrictions as “JobKeeper lite.” This will doubtless irritate Australian Prime Minister Scott Morrison and Treasurer Josh Frydenberg after they invested precious political capital in burying the JobKeeper subsidy scheme at…
Truckies Threaten Nationwide Strike That Could ‘Cripple’ Australian Supply Chains
The union for Australian truck drivers is threatening strike action after talks with major logistics company Toll Group broke down on July 14. The Transport Workers’ Union will file an application with the industrial relations tribunal, the Fair Work Commission, to organise a vote to determine whether 7,000 drivers across the country will strike. The…
Core Inflation Stands at 29-Year High, Rises Faster Than Wages
WASHINGTON—Consumer prices continue to rise at the fastest pace in decades, prompting critics to argue that the Biden administration’s policies are “overheating” the economy. Inflation is also wiping out gains of workers as consumer prices are rising faster than wages, according to President Barack Obama’s top economists. The consumer price index (CPI) rose 0.9 percent last…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta