French Champagne Sales Rise to Record €6 Billion as Exports Surge
Champagne sales topped €6 billion ($6.5 billion) for the first time last year as exports outside France surged.
Bloomberg Business
Trump Campaign Asks Meta to Reinstate His Facebook Account
Donald Trump’s campaign is asking Facebook’s parent company to reinstate his access on grounds he’s a declared 2024 presidential candidate and that keeping him off the platform is interfering with the political process.
Gun Retailers Rejected by Supreme Court on New York Regulations
The US Supreme Court refused to block new safety and record-keeping requirements that apply to New York gun retailers, letting the provisions stay in effect while a legal fight goes forward.
Crypto Software Company ConsenSys Confirms 11% Cut in Workforce
Ethereum software company ConsenSys confirmed that it’s eliminating 96 positions, representing 11% of the crypto firm’s total workforce.
US Navy’s Newest Submarine Leaves Pentagon Baffled on When It Will Be Ready
Officials overseeing development of the US Navy’s next-generation submarine to carry nuclear missiles don’t have the information they need to know whether the first vessel in the $132 billion Columbia program can deploy on time in 2031, an unreleased congressional audit found.
Microsoft Job Cuts Hit HoloLens Unit After Setback on Army Goggles
Microsoft Corp., which is eliminating 10,000 jobs and trimming some of its hardware lineup, will reduce its HoloLens goggles business as it scales back work on a headset for the US Army that Congress declined to fund this year, according to people familiar with the matter.
Aramco Sees Oil Demand Picking Up on China, Aviation Rebound
The world’s biggest oil company is confident demand will grow strongly this year as China reopens its economy and the aviation market recovers.
Citigroup Boosts Pay for Most Junior Bankers Despite Tough Year
Citigroup Inc. is raising compensation for its junior investment bankers by as much as 15% even as many Wall Street peers are cutting jobs and slashing bonuses after last year’s industry-wide deals slump.
‘Avatar 2’ Is Now the Top-Grossing Pandemic-Era Film, Surpassing ‘Spider Man’
Walt Disney Co.’s Avatar: The Way of Water passed Spider-Man: No Way Home to become the highest-grossing picture released during the pandemic.
Lufthansa Eyes Stake in Italy’s ITA to Extend Regional Reach
Deutsche Lufthansa AG said it aims to buy a minority stake in ITA Airways, seeking to advance an industry consolidation that would give the German airline a stronger foothold in a major European aviation market.
