‘Storm approaching’: firms fear for deliveries in shipping shakeup

‘Storm approaching’: firms fear for deliveries in shipping shakeup
LONDON/LOS ANGELES (Reuters) – U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months. FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in... Read More

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades
WASHINGTON (Reuters) – U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday. FILE PHOTO: A worker cycles past containers outside a logistics center near Tianjin Port, in northern China, May 16, 2019. REUTERS/Jason Lee Trump’s administration... Read More

Two Fed policymakers sound inflation alarm, call for rate cuts

Two Fed policymakers sound inflation alarm, call for rate cuts
WASHINGTON/SAN FRANCISCO (Reuters) – Two U.S. central bankers on Friday sounded the alarm on sluggish U.S. inflation and called for immediate action in response, in what amounted to a broadside against the slim majority of Federal Reserve policymakers who are disinclined to support interest rate cuts this year. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in... Read More

Investor LGIM dumps ExxonMobil from its Future World funds

Investor LGIM dumps ExxonMobil from its Future World funds
LONDON (Reuters) – Britain’s biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World Funds, and said it would vote against their chairs for failing to confront the threats posed by climate change. FILE PHOTO: Workers are seen at the booth of ExxonMobil in preparation ahead of the International Conference &... Read More

Sparkly unicorn ice cream: Kroger’s bid to win grocery wars

Sparkly unicorn ice cream: Kroger’s bid to win grocery wars
BERLIN/CHICAGO (Reuters) – Kroger Co has room to improve on sales and is looking to its Deluxe Unicorn Swirl ice cream and other store-brand products to boost growth, Chief Executive Rodney McMullen said on Thursday. FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. REUTERS/Lisa Baertlein/File Photo Multicolored,... Read More

Explainer: U.S.-China trade talks: where they are and what’s at stake

Explainer: U.S.-China trade talks: where they are and what’s at stake
(Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping agreed this week to meet at the G20 summit in Japan in late June to discuss how to end a nearly year-long trade war. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements at the Great Hall of the People in... Read More

Alexa, how can I fly to Mumbai?

Alexa, how can I fly to Mumbai?
BENGALURU/PARIS/SINGAPORE (Reuters) – When Karan Mehrotra booked a flight from Delhi to Guwahati, he did not go to a travel agent or an airline website. FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo Instead, he turned to Amazon, the world’s biggest online retailer which now sells tickets... Read More