Ben & Jerry’s, the Vermont-based ice cream company known for its bold social stances, has filed a lawsuit against its parent company, Unilever, accusing the multinational consumer goods giant of undermining the ice cream maker’s social mission and silencing its efforts to support Palestinian refugees. This lawsuit is the latest chapter in an ongoing dispute…
The U.S. stock market is surging as options traders embrace riskier bets, spurred by reduced election uncertainty and anticipation of a Republican-led government. This shift in investor sentiment has sparked a broad-based rally, with sectors ranging from electric vehicles to small-cap stocks and regional banks seeing significant gains. The S&P 500, for instance, has climbed…
As concerns grow over potential U.S. tariffs on Chinese goods, India’s central bank appears ready to allow the rupee to weaken in tandem with the Chinese yuan to maintain trade competitiveness. This policy approach aims to cushion the Indian economy from potential shocks in global trade flows. The Reserve Bank of India (RBI), according to…
IKEA, the world’s largest furniture brand, has fortified its supply chain to better withstand potential trade disruptions, a move prompted by recent global uncertainties and anticipated trade policies under Donald Trump’s leadership. As companies worldwide brace for shifts in international trade rules, Inter IKEA, the owner and supplier of IKEA products, shared insights into its…
Eurozone inflation surged more than anticipated in October, sparking new concerns among policymakers and market watchers about the potential impact on the European Central Bank’s (ECB) interest rate strategies. Inflation in the eurozone’s 20 countries climbed to 2.0% in October from September’s 1.7%, driven primarily by elevated food and energy costs, and surpassing the forecast…
McDonald’s is grappling with a public health crisis after an E. coli outbreak, traced back to its popular Quarter Pounder burgers, resulted in the death of one individual and left nearly 50 others ill across the United States. With 10 people already hospitalized, the company has taken swift action, pulling the Quarter Pounder from restaurants…
Nvidia, the leading American chipmaker, has announced a series of strategic partnerships with major Indian companies as part of its broader plan to strengthen its presence in the Indian technology market. These collaborations, revealed during Nvidia’s AI Summit in Mumbai, emphasize India’s growing role in the global artificial intelligence (AI) landscape and Nvidia’s ambition to…
Reckitt Benckiser Group plc, the global consumer goods company known for its health, hygiene, and nutrition products, recently reported a less-than-expected decline in third-quarter underlying sales. This news comes as a breath of fresh air for investors, particularly as the company’s health products, including well-known brands like Nurofen painkillers and Strepsils lozenges, have seen increased…
McDonald’s Corporation is grappling with a significant public health crisis following an E. coli outbreak linked to its Quarter Pounder hamburgers. The outbreak, which has resulted in one death and affected 49 people across ten states, has sent shares of the fast-food giant down nearly 6% in premarket trading. As the U.S. Centers for Disease…
In a decisive move to stimulate its economy, China has cut benchmark lending rates, reflecting its ongoing efforts to address economic challenges exacerbated by the pandemic. On Monday, the People’s Bank of China (PBOC) announced a reduction in the one-year loan prime rate (LPR) from 3.35% to 3.10% and the five-year LPR from 3.85% to…
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