China’s Arsenal of FX Support Is Ready as Yuan Pessimism Lingers
China may need to dig deeper into its policy kit to arrest a slide in the yuan, if
2023-06-29 11:22
Canaccord May Face ‘Significant Penalty’ in Market-Making Probe
Canadian investment bank Canaccord Genuity Group Inc. said it faces an investigation related to its wholesale market-making activities
2023-06-29 10:59
Passenger Amtrak train derails after hitting truck in California
The train was carrying nearly 200 passengers in California. The truck driver badly injured in the collision.
2023-06-29 10:46
China Resumes Yuan Support With Stronger-Than-Expected Fixing
China stepped in to support the yuan for a third time this week, once again signaling a limit
2023-06-29 10:20
16 people injured after Amtrak passenger train partially derailed in Southern California after hitting vehicle
At least 16 people were injured Wednesday when an Amtrak train collided with a truck blocking the tracks and partially derailed in Southern California, local officials said.
2023-06-29 10:16
Yellen Says She Hopes to Meet New Leaders on Possible China Trip
US Treasury Secretary Janet Yellen said one of the reasons she hopes to travel to China is to
2023-06-29 09:49
Scot Peterson did not stop the Parkland school shooting. Should he be jailed?
A trial of a police officer for failing to protect Parkland students raises legal and moral questions.
2023-06-29 09:49
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
The CEO of Anheuser-Busch InBev, the parent company of Bud Light, said the beer should be about bringing people together after it faced months of backlash following its brief partnership with transgender influencer Dylan Mulvaney. In an appearance Wednesday on the programme CBS This Morning, CEO Brendan Whitworth said the company has become entangled in “divisive” conversations it should not be a part of. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive,” Mr Whitworth said. “And Bud Light really doesn’t belong there. Bud Light should be all about bringing people together.” At the moment, that is not what’s happening. Bud Light last month lost its spot at the top of the beer sales charts to Modelo as some conservative customers continue to boycott the beer following the advertisements featuring Ms Mulvaney. Mr Whitworth declined to answer directly when asked whether the campaign featuring Ms Mulvaney was a mistake. “There’s a big social conversation taking place right now, and big brands are right in the middle of it and it’s not just our industry or Bud Light,” Mr Whitworth said. “It’s happening in retail, happening in fast food. And so for us what we need to understand — deeply understand and appreciate — is the consumer and what they want, what they care about, and what they expect from big brands.” Despite being given ample opportunity to do so, Mr Whitworth did not directly defend the corporation’s decision to partner with a trans influencer or to support the trans community more broadly at a time when that community is facing a barrage of legislation targeting its rights in states across the country. “Bud Light has supported LGBTQ since 1998, so that’s 25 years,” Mr Whitworth said. “And as we’ve said from the beginning, we’ll continue to support the communities and organisations we’ve supported for decades. But as we move forward, we want to focus on what we do best: which is brewing great beer for everyone.” The controversy over corporations’ politics is not limited to Bud Light. Disney, Target, Nike and a number of other brands have also been the target of the right’s ire in recent years for taking stances on social issues at odds with conservatives. Target recently announced its decision to remove some Pride month merchandise from its stores after facing criticism from conservatives for its relative support of the LGBTQ+ community. The Starbucks Workers Union, meanwhile, accused Starbucks of restricting Pride decorations from certain stores. Read More I came out as a teen in the 90s — there’s still a long road ahead for LGBT+ youth Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-29 09:49
Centerbridge Co-Founder Gallogly to Host Biden Fundraiser in NYC
Longtime Wall Street executive Mark Gallogly and his wife, Lise Strickler, will host a fundraiser at their home
2023-06-29 09:17
Extreme temperatures killed at least 112 people in Mexico since March
At least 112 people have died in Mexico as a result of "natural extreme temperatures" since March, according to the country's health secretariat.
2023-06-29 08:29
Human remains thought to be found in Titan sub debris
Medical experts will analyse the presumed remains, the US Coast Guard said.
2023-06-29 08:27
AI Will Help Fight Against Climate Change, Google’s DeepMind Executive Says
Artificial intelligence has the potential to accelerate world-altering innovations such as “limitless” clean energy and better meteorological models
2023-06-29 07:27