Wealth Growth Daily

June 29, 2024

China issues rare earth regulations to further protect domestic supply

BY Reuters  • June 29, 2024June 29, 2024
BEIJING (Reuters) – China has unveiled a list of rare earth regulations aimed at protecting supplies in the name of national security, laying out rules on the mining, smelting and trade in the c[...]
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India opposition asks Modi government to question Foxconn hiring practices

BY Reuters  • June 29, 2024June 29, 2024
By Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn about its hi[...]
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Boots chief quits after Walgreens’ sale plan stalls

BY Reuters  • June 29, 2024June 29, 2024
(Reuters) -The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance’s plans for a sale or stock market listing of the chain stalled, according t[...]
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Nestle sees stable sales growth from Q2, CEO tells paper

BY Reuters  • June 29, 2024June 29, 2024
FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss[...]
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Vietnam Q2 GDP growth accelerates; inflation pressure rises

BY Reuters  • June 29, 2024June 29, 2024
HANOI (Reuters) – Vietnam’s economic growth accelerated in the second quarter on robust exports, government data showed on Saturday, but rising inflation remained a challenge for the South[...]
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Texas wins court block on Biden overtime pay rule

BY Reuters  • June 29, 2024June 29, 2024
By Daniel Wiessner (Reuters) -A federal judge in Texas on Friday temporarily blocked a Biden administration rule from taking effect that would extend mandatory overtime pay to 4 million salaried U.S.[...]
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Amazon lures cofounders from startup Adept to bolster AI efforts

BY Reuters  • June 29, 2024June 29, 2024
By Greg Bensinger and Krystal Hu (Reuters) -Amazon.com hired away artificial intelligence startup Adept’s co-founders and some of its team in a move that echoes one by rival Microsoft, as it see[...]
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