Saturday, 15 May 2021

Business

Less than 3% of U.S. small businesses could face tax hikes under Biden plan -White House

WASHINGTON (Reuters) -Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden’s jobs and infrastructure plan, according to a new analysis by the White House on Friday.FILE PHOTO: U.S. President Joe Biden holds first Cabinet meeting at the White House in Washington, U.S., […]

U.S. retail sales unchanged in April

FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States’ largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela/File PhotoWASHINGTON (Reuters) – U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the […]

Toshiba expects 63% annual profit rise amid calls for strategic review

FILE PHOTO: The logo of Toshiba Corp at the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru HanaiTOKYO (Reuters) – Japan’s Toshiba Corp forecast on Friday a hefty 63% rise in annual operating profit after pandemic-induced pain in the last year and as restructuring measures bear fruit. The conglomerate, under much scrutiny amid calls […]

Elon Musk lashes bitcoin’s ‘great cost to the environment’, sending prices falling

Billionaire Elon Musk has stepped up his attack on bitcoin, posting a string of critical tweets yesterday which sent prices crashing. Taking to Twitter, the 49-year-old Tesla CEO shared a graph which showed bitcoin’s electricity usage had soared during 2021. “Energy usage trend over past few months is insane,” he posted. In a previous tweet, […]

Disney’s streaming service slows, coloring the company’s profitable quarter.

By Brooks Barnes Lower programming costs at traditional television networks and improved results at Hulu and ESPN+ contributed to $912 million in quarterly profit at the Walt Disney Company, a result that was dramatically better than Wall Street analysts had predicted. But growth at Disney’s flagship streaming service fell short of expectations, and Disney’s theme […]

U.S. and Wholesale Business Boost Aeffe’s Q1 Sales Growth

MILAN — Double-digit sales growth in Asia and in America, as well as cost-cutting strategies, enabled Aeffe, the parent company of Alberta Ferretti, Moschino, Philosophy di Lorenzo Serafini and Pollini, to report improved results on Thursday. In the first quarter ended March 31, Aeffe’s earnings before interest, taxes, depreciation and amortization increased 64 percent to 14.1 […]

Amazon seeks to hire 75,000; offers $100 to vaccinated hires

NEW YORK — Amazon is seeking to hire 75,000 people in a tight job market and is offering bonuses to attract workers, including $100 for new hires who are already vaccinated for COVID-19. The jobs pay at least $15 an hour and are for delivery drivers and warehouse workers, who pack and ship online orders. […]

House prices face upward pressure as ‘for sale’ listings dwindle

House price growth is accelerating as sellers pull back from the market despite demand remaining buoyant, according to a new report. A monthly survey by the Royal Institution for Chartered Surveyors (RICS) said a net balance of 75% of property professionals saw prices increasing rather than decreasing. The measure is at its highest level since […]

Asia shares alarmed by U.S. inflation scare, count on calm Fed

SYDNEY (Reuters) – Asian shares slipped to seven-week lows on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, […]

Analysis: India's prized investment grade status hanging by a thread

LONDON (Reuters) – India’s devastating COVID-19 crisis is making investors question more than ever whether after years of debt accumulation and patchy progress on reforms, a country touted as a future economic superpower still deserves its ‘investment grade’ status.FILE PHOTO: A bank employee maintains order as customers wait in lines to enter a bank during […]