U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said.
Both companies have seen their sales growth declining substantially in recent quarters as regulators have limited their entrepreneurial drive.
IHG announced a $500 million share buyback on Tuesday after half-year profit more than doubled, boosted by higher room prices, strong demand for leisure travel and a recovery in business stays, especially in the United States.
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Three Palestinians killed, 40 wounded in Israeli West Bank raid
Shouting over the clanging of machinery, Gerd Roeders is reluctantly preparing for the temporary shutdown of his German aluminium foundry to survive Europe's growing gas crunch.
Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, China's Luckin Coffee believes it has emerged from its "darkest moment", and said it remains committed to U.S.
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market.
Two Palestinians killed in Israel West Bank raid: army
A handful of commercial electric vehicle (EV) startups are burning through cash fast, racing to bring vans or trucks to market before the funds run out or customers choose to buy from legacy automakers like Ford Motor Co or General Motors Co .
The Bank of England would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates, Deputy Governor Dave Ramsden said.
Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled in the first six months of the year.
Another day, another hack - and another blockchain bridge burned.
The women desperate to work in Taliban-ruled Afghanistan
Asian markets mixed as focus turns to inflation data
A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation, though firms also reported record costs amid supply constraints.
Asian shares were down on Tuesday as financial markets fretted about persistent global cost pressures, with investors turning their focus this week to U.S.
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United Steelworkers union (USW) International President Thomas Conway said on Monday the U.S.
Warren Buffett's Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp, surpassing the 20% stake where it could record some of the oil company's earnings with its own and potentially add billions of dollars of profit.
US returns 30 stolen antique artworks to Cambodia
The U.S. government on Monday approved the first Boeing 787 Dreamliner for delivery since 2021, clearing the way for American Airlines to take possession, people briefed on the matter told Reuters.
Novavax Inc on Monday halved its full-year revenue forecast as it does not expect further sales of its COVID-19 shot this year in the United States in the face of a global supply glut and soft demand, sending its shares down 33%.
A Jedi mind trick is in process to convince legislators that prescription drugs are a leading cause of inflation with a 1-2% annual prescription drug CPI increase compared to energy prices (41%), airline tickets (34%) and food (10%).
Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday.
A U.S. judge on Monday appeared skeptical that Ben & Jerry's deserved an immediate injunction against its parent Unilever Plc to restrict the marketing of its ice cream in the Israeli-occupied West Bank, which Ben & Jerry's said was against its values.
Northrop Grumman is partnering with rocket startup Firefly Aerospace to build a new version of its workhorse Antares rocket without Russian-made engines that were cut off from the United States after the invasion of Ukraine, the company said on Monday.
Axios Media and Cox Enterprises inked a $525 million deal on Sunday that hopes to continue investments in local journalism
