Category: Business

Banks have too much cash on their hands – and they’re running out of places to put it. Nowhere is this more evident than in the rising popularity of a Federal Reserve program that lets firms stash their cash overnight with the U.S. central bank in exchange for at best a small return. The payout […]

When Belarus President Alexander Lukashenko intensified his crackdown on protesters in February, activists turned their attention to one of the country’s sources of funds: international bond markets. Hashtag #BelarusBloodBonds – which had first emerged around the country’s disputed 2020 elections – gathered steam again on Twitter, targeting big banks and funds, reminding them of their […]

Thousands of current and former employees of UK supermarket group Tesco on Thursday won the support of Europe’s top court in their fight for equal pay in a judgment that could affect other retailers. Tesco found itself in the spotlight after about 6,000 current or former employees took their grievance to an employment tribunal in […]

China hailed on Thursday the resumption of “normal discussions” with the United States on the trade and economic fronts, apparently keen to move beyond a trade war as it said both sides aimed to resolve issues pragmatically. China’s Vice Premier Liu He, who has led trade negotiations with the United States, has held two video […]

Starbucks has been hit by supply shortages in the US meaning some drinks are unavailable for customers. The coffee chain said it was seeing “temporary supply shortages” for items such as oat milk. A Starbucks spokeswoman said: “Specific items will vary by market and store, and some stores will experience outages of various items at […]

Remy Cointreau on Thursday beat annual profit expectations amid U.S. and Chinese demand for premium cognac but its shares fell after investment plans pointed to slower than expected growth ahead. The French spirits group vowed to accelerate investments behind its brands, a move that would limit profitability and the shares reversed earlier gains to trade […]

China’s services sector expansion slowed in May, a private sector survey showed on Thursday, with weaker overseas demand and increased costs putting pressure on businesses. The Caixin/Markit services Purchasing Managers’ Index fell to 55.1 in May, down from 56.3 in April but still well in expansionary territory. The 50-mark separates growth from contraction on a […]