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Business News

Location American Business News for 6 September 2022
I'm proud to be a Qantas pilot - but it appears hell-bent on cutting costs and auctioning jobs to the lowest bidder | Tony Lucas Qantas pilots are no longer regarded as assets but instead pitted against each other in an industrial take on The Hunger Games Get our free news app, morning email briefing or daily news podcast Qantas pilots are a passi...
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After Trump and Obama snubbed each other — and pandemic delays — Biden will host his former boss to officially unveil the first Black US president's portrait at the White House.
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What New UK Prime Minister Liz Truss Says About Cryptocurrencies Liz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who had a...
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How Abbott Kept Sick Babies From Becoming a Scandal

The New York Times - 6 Sep 2022 17:00
How Abbott Kept Sick Babies From Becoming a Scandal Abbott's lawyers at Jones Day negotiated secret settlements and used scorched earth tactics with families whose infants fell ill after consuming powdered formula.
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Barkley's Hot Streak Continues After Red Lobster Makes the Indie Shop Creative AOR As a restaurant brand with a menu that's better experienced in-person rather than through takeout, Red Lobster needs a jolt of creativity and new positioning in the casual dining space to draw customers back to its resta...
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The Wall Street Journal reported that Ernst & Young's executive committee is finalizing its proposal to split the company's auditing and consulting businesses apart.
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Elon Musk, Twitter to Face Off at Wide-Ranging Hearing

Wall Street Journal - 6 Sep 2022 19:09
Elon Musk, Twitter to Face Off at Wide-Ranging Hearing Delaware Chancery Court Chancellor Kathaleen McCormick is slated to hear arguments on several issues, including whether allegations from a whistleblower complaint can be added to billionaire's countersuit.
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Ghost-Gun Firms Find New Ways to Sell DIY Weapons as U.S. Rule Takes Effect Companies that manufacture easy-to-assemble firearms are offering products in pieces after the Biden administration rule mandates serial numbers and background checks on kits.
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Russia's squeeze on energy supplies to Europe has sent countries frantically searching for fuel, including coal.
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Tata AIA records better persistency ratio than peers in FY22 Despite a challenging business and economic environment, Tata AIA Life has performed well on persistency and death claim settlement ratio, the company said
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CVS Makes $8 Billion Bet on the Return of the House Call

The New York Times - 6 Sep 2022 03:47
CVS Makes $8 Billion Bet on the Return of the House Call The deal for Signify Health, which has a network of doctors who make home visits, would cement the drugstore chain's move away from its traditional roots.
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How the CEO of Wingstop plans to boost sales by dropping DoorDash as an exclusive delivery partner and finally entering the chicken sandwich wars Wingstop CEO Michael Skipworth said adding Uber Eats as a new delivery partner and entering the chicken sandwich wars will help lure customers.
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Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. B...
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Bitcoin Aims Higher While Ethereum and Altcoins Rise Bitcoin price is still trading below the key USD 20,500 resistance zone. BTC is currently (11:20 UTC) consolidating near the USD 20,000 pivot zone. To start a fresh increase, the price must surpass USD 20,200 and USD 20,...
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This Cryptocurrency has Pumped 300% in a Month - Too Late to Buy? Luna classic (LUNC), the native token of the old Terra blockchain, has risen by well over 300% in the past 30 days after entering what looks like a parabolic rally. But with such a massive rally now behind it, is there s...
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Deadline Looms for Trump Media Merger

The New York Times - 6 Sep 2022 16:04
The company seeking to acquire the social media site needs shareholder approval to extend the time to complete the deal. The results of the vote are to be announced on Tuesday.
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Lawyer For Alleged Russian Crypto Launderer Seeks Prisoner Swap With U.S. As the relations between the U.S. and Russia remain stringent due to the latter country's invasion of Ukraine, a lawyer for a Russian citizen accused of laundering more than USD 4bn worth of crypto has called on the Krem...
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Russia's Finance Ministry, Central Bank Agree To Legalize Cross-Border Crypto Payments Ending a long-term dispute, Russia's Ministry of Finance has announced it has reached an understanding with the Bank of Russia, the country's central bank, over the legalization of cross-border payments in cryptocurrenci...
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The 5 Keys To A Successful Business Purchase These days, entrepreneurs are opting to buy existing businesses rather than building their own from the ground up.
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UK construction industry shrinks as recession looms

The Guardian - 6 Sep 2022 15:00
UK construction industry shrinks as recession looms Builders report customers are putting new work on hold as inflation reaches 40-year high Building firms suffered a squeeze on activity for a second month in a row during August as new orders slowed to their lowest level ...
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How Gambling.com Group Transitioned From Asia-Focused Startup To Nasdaq-Listed Firm Targeting U.S. Fans During the second quarter, Gambling.com Group generated $15.9 million of revenue, up 53% from the same time period last year. The company had $6.2 million of revenue in North America, a 342% increase from a year ago.
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Goldman analysts said they're seeing encouraging signs that the Federal Reserve can pull of a so-called soft landing for the US economy.
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