Business and Economy

Business and Economy Latest News

Mars CEO sees 'moral' duty in tackling climate change
Mars CEO sees 'moral' duty in tackling climate change
by  AFP

The new chief executive of Mars, maker of M&M's sweets, chewing gum and pet food, says companies have a "moral" duty to reduce their environmental footprint as the world battles climate change. The family-owned multinational, whose brands include the Mars and Snickers chocolate bars, Pedigree pet food and Wrigley's chewing gum, aims to reach net-zero emissions by 2050.

Large US banks report higher profits despite recent industry turmoil
Large US banks report higher profits despite recent industry turmoil
by  AFP

JPMorgan Chase reported a jump in first-quarter profits Friday alongside fellow banking giants Citigroup and Wells Fargo, in reassuring news to investors after recent banking sector turmoil sparked contagion fears. JPMorgan Chase reported a drop in deposits compared with the year-ago period, but an uptick from the prior quarter.

US retail sales post steeper fall than expected: govt
US retail sales post steeper fall than expected: govt
by  AFP

Retail sales in the United States slipped more than anticipated in March, according to government data released Friday, extending a downward trend that signals cooling in the economy. The data also follows a trend of slowing price increases, with inflation cooling to 5.0 percent last month -- the smallest annual jump since May 2021.

Energy

Money

Industry

Technology

Economy