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93 posts

Adidas retracts opposition to Black Lives Matter three-stripe design

  • admin
  • March 29, 2023
Sportswear maker Adidas AG (ETR:ADSGN) on Wednesday reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes. “Adidas…
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Starbucks, union at odds over hybrid negotiations

  • admin
  • March 28, 2023
Starbucks Corp, which has faced criticism over its opposition to union organizing, said the labor union representing some of its stores has rejected in-person bargaining sessions and is insisting on…
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Novartis shares surge on positive results from key cancer drug trial

  • admin
  • March 27, 2023
Shares in Novartis AG (SIX:NOVN) saw their biggest intraday climb in fifteen months on Monday after the pharmaceutical giant announced positive results from a highly anticipated trial of its drug used to…
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Standard Chartered agrees to sell business in Jordan

  • admin
  • March 26, 2023
Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), the two parties said on Sunday, as the emerging markets-focused lender presses ahead with plans to…
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Britain’s John Lewis has lost its soul, says Mary Portas

  • admin
  • March 25, 2023
British retail consultant and television personality Mary Portas has written an open letter to the John Lewis Partnership accusing the group of losing its soul for considering a change to…
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Citigroup CEO declares ‘this is not a credit crisis’ after U.S. bank failures

  • admin
  • March 23, 2023
Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. “The banking system is…
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First Republic Bank shares climb amid report of possible government backstop

  • admin
  • March 22, 2023
Shares in First Republic Bank (NYSE:FRC) rose in U.S. premarket trading on Wednesday, as negotiators in Washington and on Wall Street reportedly discussed potential government support to stabilize the beleaguered regional lender.…
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EU court rules Mercedes must pay damages in diesel lawsuit

  • admin
  • March 21, 2023
Carmaker Mercedes-Benz must pay compensation for unauthorized shutoff devices in diesel cars if the buyer has been damaged, the European Court of Justice (ECJ) ruled on Tuesday. The case was…
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European stocks lower; banking sector slumps after Swiss consolidation

  • admin
  • March 20, 2023
European stock markets traded sharply lower Monday, with the banking sector hard hit in the wake of the deal to consolidate the two Swiss banking giants, UBS and Credit Suisse . At…
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Beijing may allow foreign financial firms to list in China – ex-finance minister

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  • March 18, 2023
China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when “conditions are ripe”, local media quoted…
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    • March 29, 2023
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