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Investors target consumer goods makers on fears of customer exodus over high prices
Investors target consumer goods makers on fears of customer exodus over high prices
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK Top U.S. and European investors are flagging their concerns about
2023-07-12 18:25
A troubled new power plant leaves Jordan in debt to China, raising concerns over Beijing's influence
A troubled new power plant leaves Jordan in debt to China, raising concerns over Beijing's influence
Jordan has built a giant power plant meant to fulfill great hopes for energy independence
2023-07-05 21:51
Renewables growth did not dent fossil fuel dominance in 2022-Statistical Review
Renewables growth did not dent fossil fuel dominance in 2022-Statistical Review
LONDON Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance
2023-06-26 07:46
The debt ceiling drama may feel like it's over, but it may have only just begun
The debt ceiling drama may feel like it's over, but it may have only just begun
President Joe Biden and House Speaker Kevin McCarthy finally reached an agreement to avert the United States' first default on its debt — but you may want to hold your applause. There could be an even more dramatic second act to the debt ceiling drama.
2023-05-31 22:48
Even Zoom is making its staff return to the office
Even Zoom is making its staff return to the office
Zoom, the company that powered the remote work revolution during the pandemic, is telling its employees to come back to the office.
2023-08-07 20:49
London's Brokers Face a Crunch as Downturn Picks Off the Weakest
London's Brokers Face a Crunch as Downturn Picks Off the Weakest
John Farrugia spent last Christmas in Dubai, studying merger models. The chief executive officer of FinnCap Group Plc
2023-06-26 12:28
Why any debt deal could be just the beginning of the treacherous road to avoiding default
Why any debt deal could be just the beginning of the treacherous road to avoiding default
Just six days remain before America could run out of money to pay its bills in a calamity that could trigger a recession and global economic turmoil. Deep divisions remain between the White House and House Republicans over a potential deal under which Congress would vote to raise the government's borrowing limit in exchange for capping spending.
2023-05-26 12:18
Subway enthusiasts stew over launch of first ever 3-inch sandwich
Subway enthusiasts stew over launch of first ever 3-inch sandwich
Fans of Subway’s sandwiches are up in arms after stores in Pakistan launched its first ever 3-inch mini sub as a budget-friendly option. The bite-size sandwich, which recently appeared on Pakistani menus and in social media posts, provides “value” to customers, a spokesperson for Subway told Bloomberg News last week. The new size is half the length of the company’s previous smallest sandwich, which is six inches. Its largest size, otherwise known as the “footlong” sub, is 12 inches. But the newer, cheaper, size is said to be a more bite-sized option to fulfil a “snack craving”. Announcing the launch, a post shared by Subway Pakistan’s Instagram account read: “Say hello to our NEW Mini Sub! The perfect treat for your snack cravings! Get ready to fall in love with its incredible flavors!” A second post added, “Our New Mini Sub is the cutest explosion of taste you’ll ever experience!”, followed by the slogan: “Unleash the mini magic”. The reduced size comes as Pakistan contends with Asia’s fastest rates of inflation, which has seen double-digit percentage increases in the price of fuel amid a cost of living crisis. The August data from Pakistan’s statistics bureau showed that food inflation was elevated at 38.5 per cent. Confronting rising prices, many restaurants have reportedly increased prices on their menus or reduced portion sizes. Pakistan was saved from debt default after securing a further $3bn bailout disbursement from the International Monetary Fund (IMF) in July. However, the deal has come with specific measures attached, including an increase in fuel and energy prices. These rising energy costs have sparked protests among citizens across the country. Meanwhile, Subway fans have been expressing their disappointment about the “tiny” size of the new sandwich. “No one is walking outta the shop after eating this and feeling full,” wrote one Twitter/X user. “That’s like 2-3 bites!” wrote one social media user, as another added: “This would barely feed a toddler.” While it seems that the mini sub has only been rolled out in Pakistan so far, it is unconfirmed whether the menu item will be available at other global stores. The Independent has contacted Subway for comment. Read More Tea enthusiasts stew over 60-second PG Tips teabag: ‘It’s a massive step backwards’ Dunkin’ fans appalled by amount of sugar in Ice Spice’s Munchkins Drink: ‘This should be illegal’ Millennial woman reveals everything Gen Z coworker has taught her: ‘Class was in session’ Three recipes from Michel Roux’s new fuss-free French cookbook How to cook to keep your gut healthy The symbolic foods that are eaten on the Jewish New Year
2023-09-19 17:48
Israel-Hamas conflict is 'new cloud' darkening economic outlook -IMF chief
Israel-Hamas conflict is 'new cloud' darkening economic outlook -IMF chief
MARRAKECH, Morocco International Monetary Fund managing director Kristalina Georgieva on Thursday said the Israel-Hamas conflict was "heartbreaking" and
2023-10-12 17:16
Audit finds holes in ECB's management of bank credit risk
Audit finds holes in ECB's management of bank credit risk
FRANKFURT European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially
2023-05-12 13:23
It’s the G-7 Versus China and Russia in the Struggle for Global Influence
It’s the G-7 Versus China and Russia in the Struggle for Global Influence
The tussle for global influence is about to intensify, as China, Russia, the US and its allies step
2023-05-17 17:52
Book Review: 'Extremely Online' shows how creators and influencers have shaped social media
Book Review: 'Extremely Online' shows how creators and influencers have shaped social media
Washington Post technology columnist Taylor Lorenz tells the social history of social media in “Extremely Online: The Untold Story of Fame, Influence and Power on the Internet.”
2023-10-03 03:46