(Reuters) – Shake Shack said on Thursday it has named Papa John’s International’s CEO Rob Lynch as its chief, succeeding Randy Garutti, who is retiring after spending more than two d[...]
Read more
March 21, 2024
US new vehicles sales set to rise in March, report shows
(Reuters) – U.S. new vehicle sales are expected to rise 12.1% in March, fueled by strong demand and vehicle availability, according to a joint report by industry consultants J.D. Power and Globa[...]
Read more
US current account deficit narrows in fourth quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed in the fourth quarter to the lowest level in nearly three years amid an increase in secondary income, government data showed on T[...]
Read more
Apple’s Cook opens new store in Shanghai to large crowds as China sales fall
By Brenda Goh SHANGHAI (Reuters) -Apple CEO Tim Cook on Thursday opened Apple’s newest store in Shanghai in front of a large crowd, some of whom had queued overnight. Cook, who arrived in Shangh[...]
Read more
Target looks to double bonuses this year, Bloomberg News says
(Reuters) -Big-box retailer Target is doubling the bonuses for its salaried employees this year, Bloomberg News reported on Thursday, citing people familiar with the matter. The company will pay 100%[...]
Read more
CK Group’s Li says Hong Kong needs to safeguard financial hub status
HONG KONG (Reuters) – The Hong Kong government needs to protect the city’s international financial hub status after years of upheaval, chairman of conglomerate CK Group Victor Li said on T[...]
Read more
Swiss central bank cuts rates in surprise move, getting ahead of global peers
By John Revill ZURICH (Reuters) -The Swiss National Bank cut its main interest rate by 25 basis points to 1.50% on Thursday, a surprise move which made it the first major central bank to dial back tig[...]
Read more
Russia says Ukraine’s idea of $30 oil price cap “beyond all bounds”
By Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) – Russia said on Thursday that the United States was unlikely to agree to a Ukrainian proposal to lower the price cap on Russian oil[...]
Read more
European airline CEOs say industry consolidation vital
By Joanna Plucinska, Julia Payne and Kate Abnett BRUSSELS (Reuters) -Airline executives called for further industry consolidation on Wednesday as the EU weighs a deal between Germany’s Lufthansa[...]
Read more