Category: Business

Trade chiefs from the world’s wealthy industrial democracieswill seek on Friday to address worsening supply chain woes that are fueling inflation and inhibiting growth, but trade experts say they have few options for a rapid fix to problems driven by market forces. The G7 trade ministers meeting in London will discuss ways to fight protectionism, […]

Shares of Snap Inc (SNAP.N)plummeted 25% on Thursday after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc (AAPL.O) on iOS devices hurt the company’s ability to target and measure its digital advertising. The Santa Monica, California-based company, which earns the vast majority of its revenue from selling digital advertising […]

Australia’s Macquarie Group Ltd (MQG.AX) said on Thursday its asset management division has agreed to acquire investment advisory firm Central Park Group to expand in the U.S. wealth management market. The acquisition will let Macquarie Asset Management tap into the growing market of providing easy access to alternative assets such as private equity and real […]

When Sebastian Kanovich co-founded Latin American digital payments startup dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously. Five years on, it’s a different story. dLocal (DLO.O) listed on the Nasdaq exchange in New York in June and is now worth $16 billion, thanks to partnerships with the likes […]

Chipotle Mexican Grill Inc (CMG.N) beat estimates for quarterly same-store sales on Thursday, as customers returned to eating inside restaurants and paid more than ever for a new meat – smoked brisket – and other menu items. The burrito and bowl chain has raised regular menu prices twice and its delivery prices three times since […]

Pret has suffered as many of its just under 400 UK stores are located on high streets, at transport hubs and close to offices that have seen reduced occupancy during the crisis. Pret, owned by investment group JAB and founder Sinclair Beecham, said on Friday its “Pret Express” machines will be introduced into convenience shops, […]

Swedish telecommunications equipment maker Ericsson (ERICb.ST) said Friday it received correspondence from U.S. Department of Justice stating that the company breached its obligations under a Deferred Prosecution Agreement (DPA) by failing to provide certain documents and factual information. In 2019, Ericsson entered into an agreement to pay over $1 billion to resolve probes into corruption, […]