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20238 articles published since 08 Mar 2022

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Asian markets mixed after subdued pre-holiday shift on Wall St
Asian markets mixed after subdued pre-holiday shift on Wall St
Economy

Asian markets diverged Thursday as investors brushed off a negative lead from Wall Street while welcoming a drop in Treasury yields and data showing US inflation was holding steady. Treasury yields slipped, weighing on the dollar Wednesday, though the greenback edged back slightly in Asian trade.

'Anti-woke' Americans hail death of DEI as another domino topples
'Anti-woke' Americans hail death of DEI as another domino topples
Economy

America's largest private employer, Walmart, is the latest name to join a list of US businesses and institutions rethinking programs to bolster minority groups as support for progressive policies erodes. Emboldened by Trump's campaign pledges to end "wokeness," conservative groups have been filing numerous lawsuits targeting corporate and federal programs aimed at elevating minorities and women.

Coffee price heats up on tight Brazil crop fears
Coffee price heats up on tight Brazil crop fears
Economy

The price of Arabica coffee hit the highest level since 1977 on Wednesday, approaching a record high as drought in top producer Brazil this year hits supplies. Brazil, the world's largest coffee producer, faced a record-breaking drought this year which has raised significant concerns for 2025/2026 crops amid already tight supplies.

Brazil's top court takes on regulation of social media
Brazil's top court takes on regulation of social media
Economy

Brazil's Supreme Court on Wednesday started examining four cases that turn on how far social media should be regulated, and what responsibilities platforms have in cracking down on illegal content. One key point it is looking at is whether social media platforms can be fined for illegal content posted by users.

UBS acquitted on appeal in Credit Suisse cocaine trial
UBS acquitted on appeal in Credit Suisse cocaine trial
Economy

Swiss banking giant UBS, which took over its rival Credit Suisse last year, has been acquitted on appeal in a high-profile money laundering trial, Switzerland's Federal Criminal Court said Wednesday. A pillar of Swiss banking and the second-largest Swiss bank at the time, Credit Suisse in 2022 was slapped with a $2 million fine in a money laundering case linked to a Bulgarian cocaine network.

Canadian fund drops bid for Spanish pharma firm Grifols
Canadian fund drops bid for Spanish pharma firm Grifols
Economy

Canadian investment fund Brookfield said Wednesday it has dropped its bid for Spanish pharmaceutical firm Grifols following disagreement over its valuation. In a statement sent to Spanish stock market regulator CNMV, Brookfield said it was "not in a position to continue with a potential offer" for Grifols.

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