Toyota Reshuffles Its Board, Adding Auditors and Outsiders
Toyota announced plans to restructure its board on Tuesday in what it described as an attempt to bring in more diverse views and give a larger roles to auditors. Among six appointments is Christopher Reynolds, now an executive in the automaker’s North American operations. As a lawyer, and son of a Ford worker, he brings […]
Innovate Mississippi Startup Accelerator Wants to Create New Jobs and Opportunities
Mississippi has bemoaned its lack of technology startups and venture capital since the first dot-com boom in the mid 1990s. Innovate Mississippi believes it might have a solution. It is providing funding and training to seven Mississippi tech startups through a 12-week program. Alex Bucklew and Johnathan McAdory had an idea for a product that would find […]
G20 summit opens in South Africa without Trump
A US-European rift over the future of Ukraine is set to overshadow a G20 summit starting in South Africa on Saturday further marked by Donald Trump’s pointed absence. The Johannesburg gathering is being attended by a host of world leaders including French President Emmanuel Macron, Indian Prime Minister Narendra Modi, Chinese Premier Li Qiang, Brazilian […]
Asian stocks rise as US rate hopes soothe nerves after torrid week
Asian markets mostly rose Monday as fresh hopes for a US interest rate cut provided some calm after last week’s rollercoaster ride fuelled by worries of a tech bubble. The scramble to snap up all things AI has helped propel equities skywards this year, pushing several companies to records — with chip titan Nvidia last […]
Return to bad days of hyperinflation looms in Venezuela
Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Now, their wallets are ever thinner as a return to hyperinflation looms. Increasingly, people live hand to mouth, buying a tomato here, a few onions there as they manage to scrape together enough bolivars for just […]
Guinness maker Diageo picks new CEO after US tariffs cloud
Diageo, the maker of Guinness beer and Smirnoff vodka, announced Monday a new chief executive as it seeks to improve performance hit partly by US President Donald Trump’s tariffs. Dave Lewis, presently chairman of consumer healthcare firm Haleon, will become CEO in January, replacing Debra Crew after her resignation in July. “The market faces some […]
‘Netflix House’ marks streaming giant’s first theme park
After years of temporary pop-up events, streaming giant Netflix will make its first foray into the theme park space this week, rivalling entertainment giants Disney and Universal Studios. The company’s “Netflix House” theme park will open its doors Wednesday at the King of Prussia mall — one of the largest shopping centers in the United […]
Asian stocks rise as record US shutdown nears end
Most Asian markets rose for the second day in a row Tuesday as US lawmakers edged towards ending a record government shutdown. The prospect of an end to the Washington standoff, which moved into its 41st day Monday, came amid a revival of demand for tech giants despite growing fears of an AI-fuelled bubble. Senators […]
US Fed official backed rate pause because inflation ‘too high’
A senior member of the US Federal Reserve on Friday said he voted against cutting interest rates this week because inflation was “too high” for comfort. Kansas City Fed president Jeff Schmid was one of two people who dissented on Wednesday’s vote, at which the US central bank backed a quarter percentage-point rate cut. The […]
Most Asian markets rise on lingering trader optimism
Most stocks rose in Asian trade Monday after a busy last week, with optimism supported by another AI-led tech rally on Wall Street. Investors returned from the weekend in relatively good spirits after an upbeat end to October that saw China-US tensions ease, a Federal Reserve interest rate cut and healthy earnings from market darlings […]
