(Fixes typographical error) By Arriana McLymore RALEIGH, N.C. (Reuters) -Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance merchandise in a last-ditch effort to clear clothing racks. But the deep discounts they’re dangling on out-of-season clothing may not appeal to…
DALLAS (AP) — Southwest Airlines said Wednesday that it is bringing back dividends for shareholders, which it suspended when the pandemic devastated the airline business in early 2020. Dallas-based Southwest said in a regulatory filing that it will pay a quarterly dividend of 18 cents per share on Jan. 31. The move comes as air…
By Divya Rajagopal TORONTO (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters. The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no…
ABUJA, Nigeria (AP) — Experts on Wednesday raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy. The monetary policy, which applies to ATMs, banks and cash back from purchases, follows the launch of the West African nation’s newly…
LONDON (AP) — Britain’s Conservative government on Wednesday threatened “tough” action to curb strikes, as airport passport officers became the latest public sector workers to announce December walkouts. The Public and Commercial Services Union said its members at Gatwick, Heathrow, Manchester, Birmingham and Cardiff airports would strike for eight days between Dec. 23 and Dec….
WARSAW, Poland (AP) — The former head of Poland’s state broadcaster said Wednesday that he now has a job at the World Bank, spurring disbelief in the European Union country where he is known for turning the news channel into a propaganda tool for the right-wing government. Kurski, who has no finance experience, said on…
ZURICH (Reuters) – Swiss chocolate maker Barry Callebaut is investing $70 million at one of its factories in Canada, the company said on Wednesday, its latest move to expand production in North America. The world’s biggest maker of chocolate will add more liquid chocolate and molding production lines at its site in Chatham, Ontario and…
By Nick Carey CREWE, England (Reuters) – Volkswagen’s Bentley expects a slight drop in production in 2023 as shutdowns in China have slowed orders, the British luxury carmaker’s chief executive said on Wednesday. While its customers are still placing orders, they were not doing so during lockdowns in major cities such as Beijing and Shanghai…
Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation’s two largest ports. Consumers, stuck at home amid the pandemic, had unleashed an avalanche of orders for goods that overwhelmed factories and ports. Importers were paying $20,000 to send a single container from…
By David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan’s nuclear activities or for supplying an Iranian electronics company. The entities, based in Latvia, Pakistan, Russia, Singapore and Switzerland, were added over U.S. national security…
