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Dollarama beats sales estimates on strong demand for essentials

BY Reuters  • June 7, 2023June 7, 2023
(Reuters) -Canadian discount store chain Dollarama Inc beat market expectations for quarterly sales on Wednesday, benefiting from strong demand for its cheaper groceries and household supplies. With s[...]
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Business NEWSLETTER

Nestle trials giving cash to coffee farmers who grow beans sustainably

BY Reuters  • June 6, 2023June 6, 2023
By Maytaal Angel LONDON (Reuters) – Nestle is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee busi[...]
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Global airlines more than double 2023 profit outlook

BY Reuters  • June 5, 2023June 5, 2023
By Joanna Plucinska, Aditi Shah and Tim Hepher ISTANBUL (Reuters) – Global airlines on Monday more than doubled their forecast for the industry’s 2023 profit but warned delays in getting p[...]
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Business Economy NEWSLETTER Updated

US judge won’t yet approve Deutsche Bank $75 million settlement with Epstein accusers

BY Reuters  • June 2, 2023June 2, 2023
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday stopped short of approving Deutsche Bank AG’s $75 million settlement with women who said that Jeffrey Epstein abuse[...]
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Business Economy NEWSLETTER Updated

Salesforce shares drop on slowest revenue growth in more than 10 years

BY Reuters  • June 1, 2023June 1, 2023
By Samrhitha A (Reuters) – Salesforce Inc fell 5% on Thursday after reporting quarterly revenue that increased at its slowest pace since 2010, with companies cutting back spending on cloud-based[...]
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Business Economy NEWSLETTER Technology US

EU tech chief sees draft voluntary AI code within weeks

BY Reuters  • May 31, 2023May 31, 2023
By Philip Blenkinsop LULEA, Sweden (Reuters) – EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence (AI) could be drawn up within we[...]
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Asia Business Economy Europe NEWSLETTER Politics Technology Updated US

US House poised to vote on urgently needed debt ceiling suspension

BY Reuters  • May 31, 2023May 31, 2023
By Moira Warburton and David Morgan WASHINGTON (Reuters) – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the $31.4 trillion U.S. debt ceiling and achieve n[...]
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Business Economy NEWSLETTER Politics Top News Updated US

Explainer-How could a US debt ceiling default hit regular Americans?

BY Reuters  • May 30, 2023May 30, 2023
By Jason Lange WASHINGTON (Reuters) – What could happen on Main Street if Washington’s political showdown over the debt ceiling stopped the government from cutting checks that fund a quart[...]
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Business Economy NEWSLETTER Politics Top News Updated US

US airlines gear up for ‘Super Bowl’ of travel season

BY Reuters  • May 26, 2023May 26, 2023
By Rajesh Kumar Singh, Doyinsola Oladipo, David Shepardson (Reuters) -After two successive summers of travel chaos, U.S. airlines are going all out to prevent large-scale flight disruptions in the fac[...]
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