Federal Reserve Bank of Dallas President Lorie Logan said the central bank may need to raise interest rates higher than officials previously envisioned to ensure that inflation keeps declining.
Boohoo Group Plc was confronted by protesters angry at its record over workers’ rights when the fast fashion chain attempted to discuss ethical clothing at an event in London.
The price of a dozen eggs in the US exceeded the cost of a pound of ground beef. A global bird flu that has wiped out about 100 million poultry and high production costs have pushed the price of a carton of twelve eggs to a record $4.82 in January, up from less than $2 a year earlier. Meanwhile the price of a pound of ground chuck has fallen to $4.64 from a 2022 peak of $5.12 last August.
Nikki Haley, a former South Carolina governor and Donald Trump’s ambassador to the United Nations, announced she was challenging the former president for their party’s presidential nomination, claiming the mantle of younger leadership.
European Union finance chiefs remain far apart on how much flexibility to allow countries in reducing their debt burdens as its executive arm pushes for agreement by next month.
Tesla Inc. workers in New York state are launching a unionization campaign, teeing up a potential first for the electric-vehicle maker and the latest labor challenge for Chief Executive Officer Elon Musk.
The European Investment Bank’s loan to Repsol for building an advanced biofuels plant has raised some concerns.
Quant pioneer D.E. Shaw & Co. raised more than $450 million for its first dedicated private equity fund, just shy of the $500 million target it set a year ago.
Ford Motor Co. will dismiss some 11% of its workforce in Europe as the US carmaker cuts costs in the latest sign of industrial disruption caused by the automotive sector’s shift to electric vehicles.
Air India Ltd. announced a 470-plane order with Airbus SE and Boeing Co. in what stands to be the largest purchase in commercial aviation history, underscoring the industry’s recovery from the coronavirus pandemic and the airline’s ambition to become a global force after years of contraction.
