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19879 articles published since 08 Mar 2022

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Xi, Biden arrive for key San Francisco summit
Xi, Biden arrive for key San Francisco summit
Business and Economy

US President Joe Biden and his Chinese counterpart Xi Jinping arrived in San Francisco on Tuesday on the eve of an eagerly awaited meeting between the leaders of the world's two largest economies. The two presidents are expected to meet for several hours Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco.

McDonald's UK boss says fast-food chain faces weekly sex abuse claims
McDonald's UK boss says fast-food chain faces weekly sex abuse claims
Business and Economy

McDonald's boss in Britain said Tuesday the US fast-food giant faces "one to two" sexual harassment allegations from workers every week, as he vowed to tackle the issue recently exposed by the BBC. Alistair Macrow, chief executive of McDonald's UK and Ireland, told a watchdog parliamentary committee that the chain's management also receives around five reports a week of bullying.

Siemens Energy gets state-backed 15-bn-euro rescue package
Siemens Energy gets state-backed 15-bn-euro rescue package
Business and Economy

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit. They are part of a 15-billion-euro package agreed with other stakeholders, including private banks and the larger Siemens conglomerate, which is a major shareholder in Siemens Energy.

Netherlands shelves plan to cut Schiphol flights
Netherlands shelves plan to cut Schiphol flights
Business and Economy

The Dutch government said Tuesday it was temporarily shelving plans to cut flights at Amsterdam's Schiphol Airport, one of Europe's busiest hubs, admitting it was a "bitter pill for the environment." "The government knows that suspending (the plans) is a bitter pill for the environment...

US consumer inflation cools more than expected in October
US consumer inflation cools more than expected in October
Business and Economy

US consumer inflation cooled more than expected last month, according to government data published Tuesday, providing welcome news for policymakers looking to control price increases without damaging the economy. The consumer price index (CPI) inflation gauge increased by 3.2 percent in the 12 months to October, down from 3.7 percent a month earlier, the Labor Department said.

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