By Lucien Libert LYON, France (Reuters) – When French company boss Laurent de la Clergerie decided to let his staff work a four-day week, on the same pay as before, he knew he risked hurting his bottom line. “Some people took me for a crazy person,” he recalled. But a year on, he says the…
By Jamie Freed, Allison Lampert and Tim Hepher (Reuters) – Russian airlines have weeks to orchestrate alternative supplies of banned aircraft parts or start grounding jets to avoid safety concerns as Western sanctions following Russian’s invasion of Ukraine threaten their post-Soviet revival. Moscow took a first step this week towards keeping its commercial fleet flying…
(Reuters) -Walmart Inc said on Wednesday it plans to hire more than 50,000 workers in the United States in its first quarter as the U.S. retailer giant expands its business in the country. The new hires will fill roles at its stores, clubs, campuses and supply chain facilities, with Walmart also hiring thousands of workers…
DETROIT (AP) — Any motorist who has had to fill up lately could be forgiven for wincing in disbelief. Fueled largely by Russia’s invasion of Ukraine, gas prices worldwide have skyrocketed. In the U.S., they’ve reached record highs above $4.30 a gallon. That’s 50%, or $1.43 per gallon, more than they were a year ago….
NEW YORK (AP) — After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet. Retail sales increased 0.3% after registering a revised 4.9% jump from December…
By Hilary Russ NEW YORK (Reuters) – Starbucks Chief Executive Officer Kevin Johnson will retire on April 4, the company said on Wednesday, and the coffee chain’s founder Howard Schultz will serve as interim CEO. Johnson had signaled to the board of directors a year ago that he might retire when the COVID-19 pandemic waned,…
By Simon Jessop LONDON (Reuters) – The majority of Britain’s top companies now have at least one ethnic minority board member, the government-backed Parker Review committee, set up to improve the diversity of UK boards, said on Wednesday. Improving boardroom diversity has become a hot topic for policymakers and investors in recent years, as many…
Longtime Starbucks CEO Howard Schultz is returning to lead the company on an interim basis after the coffee giant’s current chief executive announced his retirement. Kevin Johnson said he will retire next month after five years as president and CEO and 13 years at Starbucks. Johnson, a former executive at Microsoft and Juniper Networks, succeeded…
(Reuters) – Drugmaker Merck and Co said on Wednesday it would supply life-saving medicines and vaccines to Russia, but not make further investments in the country. The company does not have any research or production facilities in Russia, a company’s spokesperson said. (Reporting by Bhanvi Satija in Bengaluru; Editing by Anil D’Silva)
LONDON (AP) — Nickel trading in London was suspended Wednesday shortly after it resumed following a weeklong halt as the exchange investigated a glitch. The London Metal Exchange said it had to pause trading to investigate a “system error” that let the price fall below a lower daily limit. The exchange brought in daily price…
