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...Companies including McDonald’s and Starbucks have since suffered boycotts for their purported stances, while Citigroup is among companies that have had to fire employees for antisemitic messages on social...
...It is part of a wave of new companies seeking to build AI applications that can have a large impact on specific industries....
...Starbucks has won support from an influential proxy advisory firm in its fight with the union-backed activist fund that has waged a proxy fight at the coffee company....
...The company’s share price is down 80 per cent from a 2018 peak....
...The SOC had been able to propose new directors after a rule change at the Securities and Exchange Commission that made proxy campaigns more accessible....
...Activist calls to shun Starbucks’ products spread after the company sued its workers’ union over a social media post last October....
...The company named three new board members earlier this month — after SOC announced its campaign....
...venture SpaceX....
...“At a time when Starbucks has set an ambitious goal of opening more than 17,000 new stores by 2030, it cannot waste any more resources fighting its own workers,” the coalition said....
...It is taking longer for VCs to close new funds. Over a third closed below their target last year, according to Silicon Valley Bank data. New VC firms are having the toughest time....
...Efficiency gains, forecast to be $3bn over the next three years, should give the company room to hit sales and earnings targets. Starbucks’ food offerings provide another hedge against a slowdown....
...A smattering of successful public listings for venture-backed companies, including social media site Reddit and chip company Astera Labs last month, have raised hopes for a more widespread revival of the...
...BNP’s move marks a new attempt to crack the local market after a pioneering joint venture it set up with local partner Changjiang Securities in 2003 fell apart four years later....
...Starbucks also announced the appointment of Wei Zhang, a former Alibaba executive, to the company’s board at a time where the company is targeting China as a key growth market....
...Howard Schultz is stepping down from the board of Starbucks with immediate effect, the coffee chain announced on Wednesday....
...While many markets had seen a drop in venture capital funding last year, the Indian market for such finance has been hit particularly hard....
...But what was new this week was the depth of Zuckerberg’s enthusiasm for the idea, and the extent to which he is swinging his company’s resources behind the new wave of generative AI....
...A new study shows the twisting backstory of the species, an animal touted as a new superfood, writes science commentator Anjana Ahuja. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...The New York-based firm raised a $12.7bn fund in 2021 and has built stakes in TikTok parent company ByteDance, fast-fashion company Shein and payments company Stripe....
...data company PitchBook....
...He attempted to raise a new fund from external backers in 2022 but abandoned the plan earlier this year....
...Social Capital later attempted to raise a new fund from external backers but abandoned the plan earlier this year....
...This “significantly and negatively impacted the average number of active customers” last year, the company said on Thursday, and hurt profits, compared with the original business plan agreed with M&S....
...At Starbucks’ annual meeting last year, shareholders voted in favour of a motion demanding the company commission an external audit of its approach to organised labour....
...JPMorgan did not provide any revenue or net income projections for its new venture. It does not need to. The bank made nearly $50bn in net income on $158bn of revenue last year....
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