Citing racial stereotype, PepsiCo drops Aunt Jemima; Uncle Ben’s, Mrs. Butterworth’s under review
PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup, dropping a mascot that has been criticized for a racist history, amid a national debate over racial inequality in the United States.
Oil slides on fresh COVID-19 outbreaks, bump in crude stocks
Oil prices settled lower on Wednesday on fuel demand worries due to an uptick in coronavirus cases, with emerging hotspots in China and the United States, and as U.S. crude stocks grew again, taking commercial inventories to another all-time high.
Amazon launches Saudi Arabia shopping site despite CEO’s dispute with kingdom
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company’s chief executive, Jeff Bezos.
Stocks gain on recovery hopes, dollar on safe-haven bid
A gauge of global equities edged higher on Wednesday, adding to the prior day’s rally on economic and vaccine hopes, while fresh coronavirus outbreaks and rising geopolitical tensions in Asia boosted demand for the dollar and safe-haven debt.
U.S. trade chief vows to push for ‘broad reset’ at WTO
The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.
Fed’s Powell beats drum for more government aid to bolster economy
The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the pandemic ongoing, it will need more help, Federal Reserve Chair Jerome Powell told lawmakers on Wednesday….
Americans face new coranavirus challenge: a shortage of coins
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.
House panel debating $494 billion infrastructure measure
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.
Lyft promises switch to 100% electric vehicles by 2030
Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not provide direct financial support to drivers for switching from gas-powered cars.
Adidas rejects investigating HR chief in race row
Adidas rejected on Wednesday a call by employees to investigate the German sportswear brand’s human resources chief over her handling of racism at the company after she described it last year as “noise” only discussed in America.
