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17905 articles published since 08 Mar 2022

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Judge tosses New York plastic pollution lawsuit against PepsiCo
Judge tosses New York plastic pollution lawsuit against PepsiCo
Economy

A New York Supreme Court justice has thrown out an environmental pollution lawsuit against PepsiCo, in a blow to authorities in the US state who wanted the beverage giant to rein in its use of single-use plastics. The lawsuit acknowledged company statements pledging action to reduce plastic pollution, but depicts PepsiCo, headquartered in New York state, as repeatedly falling short of pledges.

Nvidia to join Dow Jones Industrial Average, replacing Intel
Nvidia to join Dow Jones Industrial Average, replacing Intel
Economy

Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index announced Friday, underscoring the importance of artificial intelligence in the US economy. The Dow Jones Industrial Average, created by Charles Dow in 1896, is often used as a bellwether for the state of the US stock market, the biggest in the world.

Kenya reintroduces tax reforms with new deputy president
Kenya reintroduces tax reforms with new deputy president
Economy

Kenya plans to reintroduce some of the tax hikes that sparked deadly protests earlier this year, the government announced Friday, while a new deputy president was sworn in after weeks of high political drama. It followed weeks of drama around the impeachment of Ruto's previous deputy, Rigathi Gachagua, who was accused of ethnically divisive politics.

ExxonMobil profits dip as it gives back almost $10 bn to investors
ExxonMobil profits dip as it gives back almost $10 bn to investors
Economy

ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions. Chevron's earnings were also dented by lower refining margins, although it also enjoyed record oil and natural gas production from the Permian Basin.

French brushmakers stage 'comeback' with pivot to luxury market
French brushmakers stage 'comeback' with pivot to luxury market
Economy

French brushmakers are shifting to luxury and niche markets to survive rising costs and redundancy, as they see their craft -— handed down through the generations -— threatened with extinction. But one French brushmaker says its shift towards luxury markets has brought it back from the brink.

Indonesia adds Google Pixel phones to ban list with iPhone 16
Indonesia adds Google Pixel phones to ban list with iPhone 16
Economy

Indonesia has banned the sale of Google Pixel phones over the tech giant's failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple's iPhone 16. Around 22,000 Google Pixel phones had entered Indonesia this year, according to industry ministry data.

US election race awaits employment data
US election race awaits employment data
Economy

The United States unveils its monthly employment figures Friday –- a final major economic snapshot at the end of a razor-edge presidential election campaign in which cost-of-living issues have dominated voter concerns. Helene was the second-most deadly hurricane to hit the continental United States in more than 50 years, after Katrina.

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