LONDON—World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, drawing support from signs that cooling inflation might temper central banks’ appetite to further hike rates. European shares rallied, while U.S. equity futures pointed to a positive open for Wall Street which closes early ahead…
World Stocks Firm, Nikkei Closes at 33-year Peak
July 3, 2023
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Expert Taskforce to Tackle Growing ‘Scamdemic’ in Australia
Australia will launch a temporary task force known as a “fusion cell” to combat the growing issue of investment scams. Led by the competition watchdog, the Australian Competition and Consumer Commission (ACCC), and the financial services regulator, the Australian Securities and Investments Commission (ASIC), the fusion cell will draw experts from both public and private…
Contractor for Bud Light Maker Anheuser-Busch Shuts Down 2 Bottling Plants
July 3, 2023
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A major contractor for Bud Light maker Anheuser-Busch is shutting down two of its glass bottling plants in North Carolina and Louisiana, laying off about 600 employees, amid declining sales of the beer. The Ardagh Group, headquartered in Luxembourg, is one of the largest glass producers in the world with more than 100 plants in operation. In a…
After Several Turbulent Days, Flight Disruptions Ease Despite Worries About 5G Signals
Airline passengers who have endured tens of thousands of weather-related flight delays this week got a welcome respite from the headaches Saturday, despite concerns about possible disruptions caused by new wireless 5G systems rolling out near major airports. The number of flight delays and cancellations declined from the spikes recorded earlier in the week, according…
Tesla Beats 2nd-Quarter Delivery Estimates as Price Cuts Pay Off
Tesla Inc. on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable. The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10 percent from the preceding quarter, and 83…
UPS Hands Teamsters New Contract, Teamsters Respond With New Deadline
UPS and the International Brotherhood of Teamsters, which represents some 330,000 UPS delivery drivers and warehouse logistics workers, are back at the negotiation table. The teamsters had warned this that UPS needed to “exchange its last, best, and final offer no later than June 30″ or the drivers would walk away from negotiations. UPS returned with a…
Former Anheuser-Busch Executive Asks Current CEO to Step Down: ‘He’s Been Paralyzed’
A former Anheuser-Busch executive is calling on Brendan Whitworth, the beer company’s U.S. chief executive officer, to step down from his position over his handling of Bud Light’s partnership with transgender influencer Dylan Mulvaney. Anson Frericks, who once was president of sales and distribution for Anheuser-Busch, wrote in a column published by The Daily Mail…
Fox News Settles Lawsuit With Former Tucker Carlson Producer for $12 Million
July 1, 2023
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Fox Corporation has agreed to pay $12 million to settle a lawsuit by former Fox News producer Abby Grossberg, who leveled allegations against the network for promoting a hostile working environment. Grossberg, who was the head of booking for Tucker Carlson for several months, filed a lawsuit in March claiming she was subjected to vulgar…
Musk Says Twitter Limiting How Many Tweets Users Can Read
Twitter CEO Elon Musk said Saturday that the social media platform will limit how many tweets users can read due to “extreme” levels of system manipulation and data scraping. Musk said in a statement that Twitter has applied the following temporary limits on users, with new unverified accounts limited to reading just 300 posts per…
IN-DEPTH: ‘Sacrifice on the Altar of Green Energy’: Commercial Fishing Industry Faces Extinction if Offshore Wind Turbine Development Continues
July 1, 2023
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Advocates warn that what’s at stake if developers and their foreign investors succeed in constructing offshore wind turbines along the east coast is a crucial food source and a rich cultural heritage preserved among fishermen. “Generations of fishermen could be sacrificed on the altar of green energy,” Meghan Lapp told The Epoch Times. Lapp is…
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