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Here's what inflation's slowdown has meant for US businesses
Here's what inflation's slowdown has meant for US businesses
American businesses are expected to fare better in the coming months, according to a survey of economists and analysts released Monday.
2023-07-25 01:19
What is green hydrogen and why is it touted as a clean fuel?
What is green hydrogen and why is it touted as a clean fuel?
Green hydrogen is being touted around the world as a clean energy solution to take the carbon out of high-emitting sectors like transport and industrial manufacturing
2023-09-06 09:16
Barclays CEO Warns Banking Deal Revival Still Some Way Off
Barclays CEO Warns Banking Deal Revival Still Some Way Off
Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according
2023-10-12 07:49
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
The CEO of Anheuser-Busch InBev, the parent company of Bud Light, said the beer should be about bringing people together after it faced months of backlash following its brief partnership with transgender influencer Dylan Mulvaney. In an appearance Wednesday on the programme CBS This Morning, CEO Brendan Whitworth said the company has become entangled in “divisive” conversations it should not be a part of. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive,” Mr Whitworth said. “And Bud Light really doesn’t belong there. Bud Light should be all about bringing people together.” At the moment, that is not what’s happening. Bud Light last month lost its spot at the top of the beer sales charts to Modelo as some conservative customers continue to boycott the beer following the advertisements featuring Ms Mulvaney. Mr Whitworth declined to answer directly when asked whether the campaign featuring Ms Mulvaney was a mistake. “There’s a big social conversation taking place right now, and big brands are right in the middle of it and it’s not just our industry or Bud Light,” Mr Whitworth said. “It’s happening in retail, happening in fast food. And so for us what we need to understand — deeply understand and appreciate — is the consumer and what they want, what they care about, and what they expect from big brands.” Despite being given ample opportunity to do so, Mr Whitworth did not directly defend the corporation’s decision to partner with a trans influencer or to support the trans community more broadly at a time when that community is facing a barrage of legislation targeting its rights in states across the country. “Bud Light has supported LGBTQ since 1998, so that’s 25 years,” Mr Whitworth said. “And as we’ve said from the beginning, we’ll continue to support the communities and organisations we’ve supported for decades. But as we move forward, we want to focus on what we do best: which is brewing great beer for everyone.” The controversy over corporations’ politics is not limited to Bud Light. Disney, Target, Nike and a number of other brands have also been the target of the right’s ire in recent years for taking stances on social issues at odds with conservatives. Target recently announced its decision to remove some Pride month merchandise from its stores after facing criticism from conservatives for its relative support of the LGBTQ+ community. The Starbucks Workers Union, meanwhile, accused Starbucks of restricting Pride decorations from certain stores. Read More I came out as a teen in the 90s — there’s still a long road ahead for LGBT+ youth Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-29 09:47
Failure of single component caused Washington seaplane crash that killed 10, NTSB says
Failure of single component caused Washington seaplane crash that killed 10, NTSB says
U.S. investigators have confirmed that a mechanical issue caused the seaplane crash that killed 10 people off an island in Washington state last year
2023-10-06 09:48
Bolt.Earth Raises $20 Million Funding to Power the EV Ecosystem
Bolt.Earth Raises $20 Million Funding to Power the EV Ecosystem
BANGALORE, India--(BUSINESS WIRE)--Oct 5, 2023--
2023-10-05 14:54
Susquehanna’s Yass Joined Weinstein, Ackman in Bid for Sculptor
Susquehanna’s Yass Joined Weinstein, Ackman in Bid for Sculptor
Susquehanna International Group co-founder Jeff Yass is part of a consortium of investors that bid for Sculptor Capital
2023-08-22 07:24
California fast food workers to earn minimum of $20 an hour under new law
California fast food workers to earn minimum of $20 an hour under new law
Fast food workers in California will earn a minimum of $20 an hour starting in April under a
2023-09-29 03:50
Kenya's economy faces climate change risks: World Bank
Kenya's economy faces climate change risks: World Bank
The impacts of climate change could shave up to seven percent off Kenya's economic output by 2050 compared to baseline forecasts, unless it adapts, the...
2023-11-17 20:17
Australia Eyes Three Lost Years of Commodities Sales to China
Australia Eyes Three Lost Years of Commodities Sales to China
Three years of trade curbs have gutted Australia’s exports to China across a bunch of commodities, from luxury
2023-08-21 11:15
Citi makes new appointments in Asia Pacific as part of restructuring
Citi makes new appointments in Asia Pacific as part of restructuring
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE Citigroup has made new appointments in Asia Pacific following a
2023-11-22 14:52
Likewise Launches ChatGPT Plugin: A Revolutionary Tool for Personalized Entertainment Recommendations
Likewise Launches ChatGPT Plugin: A Revolutionary Tool for Personalized Entertainment Recommendations
BELLEVUE, Wash.--(BUSINESS WIRE)--May 16, 2023--
2023-05-17 00:50