Global News

[ad_1] A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images The chair of a powerful House committee is drilling down on Shein's data privacy practices and its relationship with the Chinese Communist Party as the fast-fashion giant moves closer to a U.S. initial public offering .  Reps. Cathy McMorris Rodgers, a Washington Republican who leads the House's Committee on Energy and Commerce, sent a letter to Shein on Wednesday asking about the user data it collects and the communications it has had with the Chinese government. Rep. Gus Bilirakis, R-Fla., who chairs the panel's Subcommittee on Innovation, Data and Commerce, co-signed the letter. The lawmakers sent similar missives to TikTok, Temu and Alibaba.  "Media reports indicate that Chinese-owned e-commerce marketplaces are increasingly popular in the western world. This is a serious risk for e-commerce, consumer safety, and people's data privacy and s

[ad_1] Who would want to be a chief executive? The pressure on global business leaders has always been intense. But the challenges feel particularly acute right now. Top leaders oversee companies that employ hundreds of thousands worldwide. They can no longer rely on old-style hierarchical management techniques that are increasingly ineffective . They have to manage technology as both a huge threat and a huge opportunity. And many are being pushed by employees, investors and opinion makers to speak out and engage on social issues — even if it comes at a substantial cost. “It’s frankly a horrible job — I wouldn’t want it,” Nicholas Bloom , a Stanford University professor who studies C.E.O.s, once said. “Being a C.E.O. of a big company is a hundred-hour-a-week job. It consumes your life. It consumes your weekend. It’s super stressful. Sure, there are enormous perks, but it’s also all encompassing.” Of course, the bosses of multinational companies are well-paid. They are ambitious an

[ad_1] Designed to showcase the high performing UK companies that are excelling, experiencing consistent growth and actively using disruptive business strategies, the initiative is showcase companies that are making a significant impact, not just in their own sector, but, in the case of the E2E International 100 , also on a global scale. The track highlights the fastest-growing, privately owned, UK-owned and based companies - with export sales growth over the last two years determining rank. Their position is based solely on the independent research, not on nomination. First on the list is the Prax Group, dealing in crude oil, petroleum product and biofuels with a focus on innovation, responsible business and a philanthropic approach - all of which have made a resounding impact to its business growth. Argent Energy, meanwhile, is a waste-based biodiesel producer, dedicated to decarbonising transport worldwide. They’re on a mission to discover ways to convert waste into high value

[ad_1] The housing market is set to be subdued in 2024 despite hopes of an interest rate cut. [ad_2] Source link https://worldnews2023.com/business/house-prices-end-the-year-1-8-lower-says-nationwide/?feed_id=324213&_unique_id=6735691491bcf

[ad_1] A person receives a COVID-19 vaccination dose, during a free distribution of COVID-19 rapid test kits for those who received vaccination shots or booster shots, at Union Station on January 7, 2022 in Los Angeles, California. Mario Tama | Getty Images The U.S. Food and Drug Administration 's independent panel of advisors raised doubts about the need to "periodically" update Covid vaccines, noting that it's unclear if the virus is seasonal like the flu. Advisors on Thursday unanimously voted that new jabs for the fall should be monovalent — meaning they are designed against one variant of Covid — and target one of the omicron XBB strains . Those are now the dominant variants nationwide.  But the original voting question included language about whether the panel recommends a "periodic update" to Covid shots.  Dr. Peter Marks, head of the FDA's vaccine division, asked the panel's chair to strike the wording from the question after severa

[ad_1] Nicolas Jammet, chief concept officer and co-founder of Sweetgreen Inc., right, eats a salad during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Sweetgreen on Thursday reported a narrower-than-expected loss in its first quarter after slowing its expansion to focus on profitability. The salad chain, which went public in November 2021, is aiming to turn a profit for the first time by 2024. Last quarter, it announced it would take a more conservative approach to entering new markets. It's also cutting support-center costs and simplifying its management structure. Sweetgreen shares rose 7% in extended trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Loss per share: 30 cents vs. 35 cents expected Revenue: $125.1 million vs. $126 million expected

[ad_1] A pilot performs a walkaround before a United Airlines flight Leslie Josephs/CNBC U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of Transportation. Now the industry is cooling its hiring. Airlines are close to their staffing needs but the slowdown is also coming in part because they're facing a slew of challenges. A glut of flights in the U.S. has pushed down fares and eaten into airlines' profits . Demand growth has moderated. Airplanes are arriving late from Boeing and Airbus , prompting airlines to rethink their expansions. Engines are in short supply . Some carriers are deferring airplane deliveries altogether. And labor costs have climbed after groups like pilots and mechanics inked new contracts with big raises, their first in years. Annual pay for a three-year first officer on midsized equipment at U.S. airlines averaged $170

[ad_1] The Federal Trade Commission plans to sue Microsoft on Monday to stop the company from closing its $69 billion purchase of the video game powerhouse Activision Blizzard, escalating the federal government’s efforts to stymie the largest consumer technology deal in decades, two people with knowledge of the matter said. The move was the latest regulatory challenge to Microsoft’s blockbuster deal for Activision, which has become a test case for whether behemoth tech companies can complete major acquisitions amid a backlash to the power of the firms. Last year, the F.T.C. sued to block Microsoft’s purchase of Activision through an in-house court, arguing it would damage competition in various parts of the video game market. The agency is filing the separate lawsuit because unlike the F.T.C.’s in-house court, a federal court can issue a restraining order to block a deal from being completed. In April, the British Competition and Markets Authority also moved to block the deal, t

[ad_1] On a Sunday in late January, Melinda Buchmann, who lives in Florida and supervises client relations for RevShoppe, a 30-person remote company advising organizations on sales techniques and strategies, arrived in Banff, Alberta, to help set up a four-day company meeting. The last day of the event, her husband, Josh, a director of strategic partnerships for the delivery company DoorDash , who also works remotely, joined her. They spent two leisurely days hiking in Banff National Park and visiting Lake Louise. “I take advantage, because I don’t know when I’m going to return,” Ms. Buchmann said of the decision to combine downtime with a business trip. As postpandemic work life has changed, and arrangements now include full-time office attendance as well as hybrid and remote work, so, too, has business travel. The phenomenon known as bleisure, or blended business and leisure travel, was initially embraced largely by digital nomads . But such combined travel is now also popular

[ad_1] Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, on Nov. 22, 2023. Kevin Lamarque | Reuters In air travel, minutes matter. A few moments could be the difference between making and missing a connection for passengers — and could avoid delays that ripple across the schedule for airlines. Saved time could even lead to big savings for carriers as they scramble to get a handle on costs. Major airlines are rolling out strategies that executives say could translate to lower costs and more efficient operations, even if the time savings on paper look negligible. Some of these tools will be put to the test during what's expected to be a busy holiday season , a year after a meltdown that stranded thousands of passengers at the end of 2022. Many of the improvements are being made behind the scenes. American Airlines last year started using new technology to assign flight

[ad_1] Petrol and diesel prices in Pakistan are poised to experience a reduction in the upcoming week, with reports indicating a noteworthy decline. The anticipated decrease amounts to Rs13 per litre for petrol and an even more substantial reduction of Rs15 per litre for diesel, slated for implementation on December 16, pending approval in the fortnightly review by the government. It is expected that the official announcement regarding the revision of petrol and diesel prices will be made before 12 am on December 15, with the new rates set to take effect from 12 am on Saturday, December 16. Insights into the global market reveal a decline of $5.49 per barrel in the price of petrol, bringing the current cost per barrel to $94.95. Similarly, diesel has seen a reduction of $5.13, with its price now standing at $100.05. As of the latest data, the existing petroleum prices in Pakistan are Rs281.34 per litre for petrol and Rs289.79 per litre for diesel for all cities including L

[ad_1] "Store Closing" signs at a Buy Buy Baby store in the Brooklyn borough of New York, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond canceled a Friday auction for its Buy Buy Baby chain because it failed to secure a buyer willing to keep its stores running – but it's not quite over for the baby retailer just yet, CNBC has learned. Bidders backed out of the auction after they determined the chain was no longer worth buying because its value had deteriorated so much , but there are parties still interested in its assets, according to two people close to the matter who weren't authorized to discuss it publicly. While it would be unusual, Bed Bath & Beyond could still accept a bid for Buy Buy Baby early next week. The chain's fate won't be definitively determined until Tuesday, when a court hearing is scheduled to approve the sale of Buy Buy Baby's intellectual property to Dream on Me Industries. The com

[ad_1] NEW DELHI: The Centre on Friday moved to soothe sentiments of investors, with finance minister Nirmala Sitharaman saying the exposure of banks and financial institutions to the Adani Group was well within permissible limits. She added that investor confidence in India would remain high as the markets were well-regulated. “India remains, as before, very well governed, (with a) stable government, and a very well-regulated financial market. As a result, investor confidence, which existed before, shall continue even now. Our regulators are normally very-very stringent about governance practices and therefore, one instance, however much talked about globally it may be, is not going to be indicative of how well financial markets are governed. So many lessons have been learnt over the decades and our regulators have kept the markets well in prime and prim condition,” the FM told a TV channel in her first comments since the report by Hindenburg Research hit Adani stocks. Keepi

[ad_1] As the economic crisis deepens in Pakistan, the typically import-reliant nation is witnessing a remarkable surge in fuel oil exports, reaching a record 164,000 tonnes last month, the highest volume since 2017. According to data from Kpler compiled by Bloomberg, the country did not record any fuel oil imports during March and April. The unprecedented shift comes in the midst of an acute economic crisis, characterised by a slump in activity, rampant inflation, and a weakening currency. As of now, Pakistani officials are still negotiating with the International Monetary Fund (IMF) to resume a crucial $6.5 billion bailout programme to stave off potential default. Also read:  Substantial cut in POL prices announced Citing lower power usage compared to previous years, Energy Minister Khurram Dastgir Khan highlighted in a recent interview the combined effect of cooler weather and elevated power prices on the decreased demand for electricity. The current economic conditions

[ad_1] New Delhi: Ambareesh Murty, the visionary entrepreneur behind Pepperfry, embarked on his journey to redefine the Indian online furniture market. Born into a middle-class family in Mumbai, Ambareesh inherited a strong work ethic and determination from his parents. His father, a government officer, and his mother, a schoolteacher, instilled in him the values of perseverance and education. Educational Background: Ambareesh pursued his education at the Indian Institute of Technology (IIT) Bombay, where he earned a degree in Engineering. This rigorous academic experience not only equipped him with technical knowledge but also honed his problem-solving skills—a crucial aspect of his future entrepreneurial endeavours. Corporate Stint: Post his IIT days, Ambareesh joined prestigious management consulting firm Bain & Company. His time there provided him with a deep understanding of business strategies, market dynamics, and consumer behaviour, setting the stage for his

[ad_1] NEW YORK: Oil prices rose about 1% to a nine-month high on Friday on rising US diesel futures and worries about tight oil supplies after Saudi Arabia and Russia extended voluntary cuts this week. Brent futures rose 76 cents, or 0.9%, to $90.68 a barrel by 1608 GMT. US West Texas Intermediate (WTI) crude rose 67 cents, or 0.8%, to $87.54. Both crude benchmarks remained technically overbought for a sixth day in a row, with Brent on track for its highest close since November 16 and WTI since November 11. For the week, both benchmarks were up about 3% after Brent gained about 5% last week and WTI gained about 7% last week. Also read Of rising oil prices and the devaluing rupee This week, Saudi Arabia and Russia extended their voluntary supply cuts of a combined 1.3 million barrels per day (bpd) to the end of the year. Saudi Arabia will probably find it difficult to end its cuts at the end of the year without triggering a price slide, Commerzbank analysts said in a not