Monday, April 19, 2021
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Economic

For years, the world's five richest people comprised a little-changed group dominated by Americans, a European or two and, occasionally, a Mexican.

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Economic

Coca-Cola (KO) is on an operation to take out some "zombies."

The beverage giant, fresh off announcing the shutdown of longtime juice smoothie brand Odwalla, is considering dumping other "zombie brands" — or those that aren't growing — to help cut costs, Coke's CEO James Quincey said on the company's second-quarter earnings call Tuesday.

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Economic

Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic.

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Economic

The United States Commerce Department on Monday added 11 Chinese companies implicated in what it called human rights violations in connection with China's treatment of its Uighurs in Xinjiang in western China to the US economic blacklist.

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Economic

Facebook Inc's decisions to allow controversial posts by US President Donald Trump established a "terrible precedent" that could allow the platform to be "weaponized to suppress voting", an external civil rights audit has found.

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Economic

A city councillor in Namibia's capital has alleged she was offered a bribe by a local politician to ensure Chinese tech giant Huawei would win an exclusive contract to build the 5G telecommunication network in Windhoek.

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Economic

A judge in London has said the UK government had "unequivocally recognised" opposition leader Juan Guaido as Venezuela's president, in a battle over gold bullion held at the Bank of England.

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Economic

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

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Economic

The United States Treasury says it has agreed on terms for government loans with five US carriers, including American Airlines Group Inc.

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Economic

Libya's National Oil Corp (NOC) has accused the United Arab Emirates of instructing eastern forces in Libya's civil war to reimpose a blockade of oil exports after the departure of the first tanker in six months.

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