
Dollar eyes third weekly gain as higher US rate expectations gather steam
By Rae Wee SINGAPORE The dollar eased on Friday but remained near a two-month high against its major
2023-05-26 14:15

China struggles with weak post-COVID economic recovery
China's manufacturing and consumer spending are weakening after a strong start to 2023 after anti-virus controls ended
2023-06-12 10:24

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 09:47

Australia Retail Sales Flat as Higher Rates Drag on Spending
Australian retail sales were flat in April, ending a three-month streak of gains, suggesting consumers are reining in
2023-05-26 10:46

Hollywood's actors strike is nearing its 100th day. Why hasn't a deal been reached and what's next?
Film and TV actors are still on strike in what has become the longest walk-off in their history
2023-10-20 01:46

Unions Are Winning Big for the First Time in Decades
Workers in the US are getting record-breaking wage hikes this year thanks to strategic strikes and stunning contract
2023-11-01 03:20

China Developer Bonds on Cusp of Distress After Wanda Surprise
A gauge of Chinese high-yield dollar debt fell to the cusp of distress after one of the most
2023-07-18 11:27

Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey
Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15
2023-06-09 18:16

FTC sues to block Microsoft's takeover of video game maker Activision Blizzard
The Federal Trade Commission has sued to block Microsoft from completing its deal to buy video game company Activision Blizzard, the latest antitrust challenge to the proposed merger but one that could hasten its conclusion
2023-06-13 05:25

Ukraine Recap: Prigozhin Presumed Dead; Kyiv Cites Advances
Wagner mercenary group founder Yevgeny Prigozhin is presumed to have been killed in a plane crash Wednesday two
2023-08-24 15:52

Smoke from wildfires, a fact of life in the West, catches outdoor workers off guard in the East
The hazardous haze from Canada’s wildfires is taking its toll on outdoor workers along the Eastern U.S. who carried on with their daily jobs even as dystopian orange skies forced the cancelation of sports events, school field trips and Broadway plays
2023-06-09 05:55

The Chronicle of Higher Education’s Virtual Chronicle Festival to be Held August 29-31, 2023
WASHINGTON--(BUSINESS WIRE)--Aug 16, 2023--
2023-08-16 21:21
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