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17208 articles published since 08 Mar 2022

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Starbucks ordered to pay $50m for hot tea spill
Starbucks ordered to pay $50m for hot tea spill

Starbucks has been ordered to pay $50 million to a customer who was burned when hot tea spilled on his lap at a California drive-through. The case is redolent of a 1994 landmark legal action against McDonald's in New Mexico, when 79-year-old Stella Liebeck was awarded over $2.8 million after spilling hot coffee on herself.

Talks on divisive deep-sea mining resume in Jamaica
Talks on divisive deep-sea mining resume in Jamaica

Several countries united with campaign groups Monday to call for caution in regulating the divisive practice of deep-sea mining at a meeting on the issue in Jamaica. Members of the International Seabed Authority (ISA) are meeting in Kingston to thrash out the first mining code on deep-sea extraction that has faced accusations of imperiling marine ecosystems.

Hong Kong property tycoon Lee Shau-kee dies aged 97
Hong Kong property tycoon Lee Shau-kee dies aged 97

Hong Kong's second-richest man Lee Shau-kee has died aged 97, the property tycoon's firm Henderson Land Development announced Monday. Lee died peacefully on Monday evening in the company of his family, Henderson said in a press release.

US retail sales weaker than expected as consumer health under scrutiny
US retail sales weaker than expected as consumer health under scrutiny

US retail sales logged smaller gains than expected in February according to government data released Monday, edging up from an earlier decline with all eyes on consumer spending strength amid growing worries of a recession. - Risk of weakness - From a year ago, retail sales were up 3.1 percent in February, the government data showed.

Court upholds £3 bn lifeline for UK's top water supplier
Court upholds £3 bn lifeline for UK's top water supplier

A UK court on Monday upheld an emergency loan granted to Thames Water, allowing Britain's largest such supplier to keep a financial lifeline as it drowns under massive debt. Thames is scrambling to find fresh sources of funding, including appealing to the UK water regulator to be allowed to hike bills more than granted.

OECD lowers global growth projections over tariffs, uncertainty
OECD lowers global growth projections over tariffs, uncertainty

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025. That was due to "higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending".

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