McDonald’s sales surge on more visits amid recession threat
By Hilary Russ and Deborah Mary Sophia (Reuters) -McDonald’s Corp beat Wall Street expectations for quarterly global comparable sales and…
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British American Tobacco Plc to pay more than $635 million in North Korea sanctions case
By Sarah N. Lynch and Doina Chiacu WASHINGTON (Reuters) -British American Tobacco Plc has agreed to pay more than $635…
GM to end production of Chevrolet Bolt EV later this year
By David Shepardson WASHINGTON (Reuters) -General Motors Co said on Tuesday it will end production of its Chevrolet Bolt electric…
Biden should sanction Huawei Cloud, other Chinese firms -senators
By David Shepardson WASHINGTON (Reuters) – A group of nine Republican senators on Tuesday urged the Biden administration to impose…
Biogen trims pipeline programs to cut costs, focus on Alzheimer’s drug launch
By Sriparna Roy and Bhanvi Satija (Reuters) – Biogen Inc said on Tuesday it will pause or discontinue at least…
US default on debt would trigger an ‘economic catastrophe’ – Yellen
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise…
Citigroup defends revamp as shareholders complain about sluggish stock
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems…
Crypto must end anonymity for illicit finance, U.S. regulator says
By Huw Jones LONDON (Reuters) -Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said…
Global retailers seek new ways to lure in shoppers as spending slows
By Helen Reid and Corina Pons BARCELONA (Reuters) -Europe’s cost of living crisis has benefited discount retailers but mid-market names…
Kering sales edge up 1%, lagging rivals
By Silvia Aloisi PARIS (Reuters) – Sales at French luxury group Kering rose by just 1% in the first quarter,…