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...The excess capacity has also piled pressure on European and Asian producers facing higher production costs than competitors in North America and the Middle East, which benefit from their access to low-cost...
...JPMorgan Chase on Tuesday said it had agreed settlements with the US Virgin Islands and Jes Staley to resolve legal battles over its dealings with Jeffrey Epstein’s human trafficking operation....
Americans account for 14% of users but their revenue contribution will be higher
...News round-up China hits out at US push to ban TikTok as Steven Mnuchin plots bid (FT) Nationwide has a lot to lose in its unwise bet on Virgin Money (FT) Joe Biden declares opposition to Nippon Steel...
Legal battle between talent agency and Michael Kassan centres on jet flights and other spending
...PepsiCo had failed to warn consumers about the impact of single-use plastic on human health and “misled” the public about its efforts to combat plastic pollution, while simultaneously increasing its use of virgin...
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...In a January 2023 letter to the transportation department, Airlines for America called the rule “arbitrary and capricious” and said that, if adopted, it “will clutter web pages and mobile screens, thereby...
And more on bad buybacks
AI could be a game-changer for many of the tech giants
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
...The bank did not immediately respond to a request for further comment on the demands by the US Virgin Islands....
US state’s chancery court plays a key role in balancing interests of boards and investors
...separate accuser, referred to pseudonymously as Jane Doe 3, is cited in the documents as claiming she was forced to have sex with Prince Andrew in London and New York, as well as at Epstein’s home in the US Virgin...
And yet, we’re struggling to care
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
...The settlement with the US Virgin Islands “resolved . . . potential claims arising out of the unintended consequences of those payments,” the statement added....
...According to Michael Youngworth, a convertible bond strategist at Bank of America, a slower than expected fall in inflation is also encouraging companies to issue debt sooner rather than later....
Also in this week’s newsletter, the Detroit Lions roar back and Real Madrid top football rich list
...But Bryan Armour, director of passive strategies research for North America at Morningstar, said that on closer inspection a slightly different picture emerged....
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
...Pepsi said the deceleration was largely due to a recall in Quaker granola products over salmonella concerns and weak sales in North America....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...What about the national security implications of no longer being able to make “virgin” steel?...
...Not surprisingly, a lot of the top winemakers also produce excellent extra-virgin oil....
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