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Business News

Location American Business News for 3 February 2022
Vaccines could provide strong protection against the fast-spreading Omicron subvariant BA.2, one chart shows Protection against COVID-19 with symptoms was 70% for BA.2 two weeks after a third vaccine dose, UK data suggests.
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Oil Frackers Brace for End of the U.S. Shale Boom

Wall Street Journal - 3 Feb 2022 18:53
Companies have tapped many of their best wells. The limited inventory leaves the industry with little choice but to hold back growth, even amid the highest oil prices in years.
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Energy bills: Rishi Sunak gives one-off £200 discount to households Most consumers to get additional support from £150 rebate on their council tax amid cost of living crisis All households will receive a one-off £200 discount from their energy bills this year under a £9bn plan announc...
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3 ways to make the most of your day with the tools you already have The author of Grip: The Art of Working Smart says the good news is that there are things you can start doing today that will have a huge impact on the number of things you can get done. I don’t have to tell you we’re...
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Ex-CNN chief Jeff Zucker was ousted to bolster AT&T's case against Chris Cuomo: sources Cuomo's lawyers argued AT&T should pay Cuomo the $18 million he was demanding, but instead AT&T forced Zucker to resign, sources told the Post.
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Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get feedback … It i...
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Europe's New Ruling On Data Consent Pop-Ups Challenges Privacy Policies For Publishers And Advertisers Belgian officials say IAB Europe's widely used tool violates EU laws around how data is collected and shared.
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Spotify stock drops 20% on weak subscriber numbers amid Joe Rogan controversy Spotify on Wednesday forecast current quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not cratered even as it deals with the fallout from the controver...
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Spotify CEO told employees that Joe Rogan is necessary for the streamer to achieve its 'bold ambitions' and 'find leverage' over competitors: report Spotify CEO Daniel Ek told employees that "The Joe Rogan Experience" helped the brand "find leverage" over competitors, per The Verge.
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Power trading on IEX reports 16% growth in January

livemint.com - 3 Feb 2022 19:55
Power trading on IEX reports 16% growth in January According to the power demand data published by the National Load Dispatch Center, the energy consumption at 112.67 BU saw 2.43 % YoY growth while the national peak demand at 192.07 GW saw 1.09 % YoY growth during Jan'22
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Oil frackers brace for end of the US shale boom

livemint.com - 3 Feb 2022 19:45
Oil frackers brace for end of the US shale boom Limited inventory leaves the industry with little choice but to hold back growth, even amid high oil prices
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Tens of thousands of metric tons of extra medical waste tied to COVID-19 put tremendous strain on health-care waste management around the world.
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Bitcoin sets lower lows as 2021 BTC price resistance taunts hodlers A familiar problem presents itself to BTC markets this week as $40,000 resistance proves too hard to even attempt.
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Bank of England Enacts First Back-to-Back Rate Rises Since 2004 The move puts the U.K. central bank further ahead of its peers as they grapple with soaring inflation. The rate-setting panel was split on how big an increase was needed.
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Shell Woos Financial Investors, Not Green Ones

Wall Street Journal - 3 Feb 2022 17:17
Shell Woos Financial Investors, Not Green Ones Energy giant has given financial investors what they were promised, but any green-focused investors aren't yet so fortunate.
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Hershey's Quarterly Profit Rose

Wall Street Journal - 3 Feb 2022 16:54
Hershey's Quarterly Profit Rose Higher prices helped offset a jump in costs for the maker of snacks and candy, which posted sales of $2.33 billion for the latest quarter.
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South African Regulator Urges Public to Be More Cautious When Dealing With FTX, Bybit The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in ...
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Union Bank of India to offer WhatsApp banking powered by Infosys Finacle The new service from Union Bank, called Union Virtual Connect, will give its retail customers personalized, daily banking services, at their preferred time, place, and in seven languages initially
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Bath & Body Works' Record Quarter Helps Reverse Steep Stock Decline Whether the change of fortunes continues for the former L Brands business will be clearer when the company's detailed results are revealed at the end of February.
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The UK's central bank raised its main interest rate to 0.5% as it tries to cool price rises.
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With a motocross mentor from Italy, a teenager from Zimbabwe is chasing her dream in Florida, and lifting girls back home along the way.
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Burger King Puts Its US Creative and Media Accounts Into Review Burger King has hit the reset button on its U.S. marketing as its U.S. sales continue to sag. The fast-food brand is reviewing its U.S. creative partner David, which has held Burger King's global AOR relationship since 2...
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