By Andrea Shalal WASHINGTON (Reuters) – The global development finance system needs urgent reforms and far more private capital to address the multiple, overlapping crises that are pushing 250 million people back into extreme poverty, major public and private groups said in a statement. The statement, signed by Woochong Um, head of the Asian Development…
By Svea Herbst-Bayliss BOSTON (Reuters) – McDonald’s Corp on Thursday said Carl Icahn’s call for the fast food chain to stop buying pork from suppliers that house the animals in crates would be logistically unfeasible and prohibitively expensive. The billionaire investor, who owns roughly $50,000 worth of McDonald’s stock, is pushing the company to change…
By Maria Caspani and Dawn Chmielewski (Reuters) -Florida lawmakers gave legislative approval on Thursday to a bill stripping Walt Disney Co of its designation as a self-governing entity in an apparent response to its opposition to a new state law limiting discussion of LGBTQ issues in schools. Approval from Governor Ron DeSantis, a potential 2024…
By Andrea Shalal WASHINGTON (Reuters) -A White House adviser on Thursday suggested the United States could lower tariffs imposed on a host of non-strategic Chinese goods such as bicycles or apparel to help combat inflation. Deputy National Security Adviser Daleep Singh said tariffs imposed by the former Trump government may have given the administration some…
By David French (Reuters) – Wall Street’s ended lower on Thursday, with the Nasdaq dropping more than 2%, as investors reacted to Federal Reserve officials including Chair Jerome Powell offering further signposting of aggressive interest rate hikes this year. A half-point interest rate increase will be “on the table” when the U.S. central bank meets…
By Sheila Dang (Reuters) -Snap Inc reported better-than-expected first-quarter user growth on Thursday while it missed expectations on revenue, as the parent company of Snapchat said supply-chain disruptions and the invasion of Ukraine hurt advertising demand. Shares of Snap fell 10% in trading after the bell. The company warned that inflation, labor shortages and other…
By Maria Caspani and Dawn Chmielewski (Reuters) -Walt Disney Co is set to lose its special tax status in Florida after legislators there passed a bill on Thursday, delivering a major blow to the company embroiled in a dispute over a new state law limiting discussion of LGBTQ issues in schools. Approval from Governor Ron…
By Jonathan Stempel and Katanga Johnson NEW YORK/WASHINGTON (Reuters) -MoneyGram International Inc was sued on Thursday by two regulators that said it repeatedly and unfairly violated a federal rule designed to make it easier for people to send money to friends and family outside the United States. The complaint against MoneyGram, one of the largest…
(Reuters) -Florida legislators passed a bill on Thursday that would revoke Walt Disney Co’s self-governing status in a move widely seen as tit-for-tat for the company’s opposition to a new state law limiting discussion of LGBTQ issues in schools. The bill now heads to the desk of Governor Ron DeSantis, who is all but guaranteed…
(Reuters) – Russia said on Thursday it plans to have a “digital” rouble capable of making international payments ready by next year and also wants to expand the number of countries that accept its Visa- and Mastercard-style banking cards that are administrated by the central bank. With Western sanctions cutting off Russia from large parts…
