(Reuters) -U.S. regulators have been peppering firms offering funds that are marketed as sustainable with queries for several months, including how they lend out their shares and whether they recall them before corporate elections, Bloomberg News reported. The U.S. Securities and Exchange Commission’s probe is focused on whether managers of environmental, social and governance (ESG)…
By Cynthia Kim SEOUL (Reuters) – When Hwang Kwang-jo’s factory in Seoul faced a staffing crunch earlier this year after the departure of Nepalese workers and younger locals, he hired a 61-year-old to pick up some of the work. While the job, which involves handling heavy alloy bars, is less than ideal for workers close…
(Reuters) – A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labour shortages and lockdowns in China, a new industry forecast shows. The Global Business Travel Association (GBTA) said business travel spending rebounded by 5.5%…
NEW YORK (AP) — Walmart Inc. said Monday it has signed a deal with Paramount Global to offer the entertainment company’s streaming service as a perk to subscribers of the discounter’s shipping subscription service. The move is part of efforts by the nation’s largest retailer to better compete with Amazon’s Prime membership program, which offers…
The Federal Aviation Administration said Monday that it was reducing flights in the area around New York City because of lack of staffing. Departing and arriving flights could be delayed up to two hours at John F. Kennedy International, LaGuardia and Newark (New Jersey) Liberty International airports, the FAA said. The agency said passengers should…
OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s…
(Reuters) -Apple Inc has set a Sept. 5 deadline for corporate employees to return to office at least three days a week, a Bloomberg News report said on Monday. The company, which told its employees of the new plan on Monday, will require employees to work from the office on Tuesdays, Thursdays and a regular…
(Reuters) – China’s Tencent Music Entertainment Group surpassed quarterly revenue estimates on Monday as a slate of original content and pandemic-driven lockdowns helped its Spotify-like music streaming platform attract more paying users. The company’s U.S. shares rose 3% in extended trading after it said online music paying users jumped by a quarter to 82.7 million…
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Monday said it more than tripled its stake in the online banking company Ally Financial Inc, while shedding its stakes in Verizon Communications Inc and Royalty Pharma Plc, which buys drug royalties. The changes were described in a regulatory filing describing Berkshire’s U.S.-listed equity investments as of…
By Karen Brettell NEW YORK (Reuters) – The safe-haven U.S. dollar bounced on Monday while commodity-sensitive currencies including the Australian dollar tumbled after a new batch of disappointing Chinese data bolstered global recession worries. Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in data published on Monday, as a…
