Starbucks closes 8,000 stores for anti-bias training
LOS ANGELES/MIAMI (Reuters) – Starbucks Corp appealed to customers for forgiveness in a controversy over alleged racial profiling on Tuesday, saying its behavior toward two black men last month had been reprehensible as it closed 8,000 U.S. stores for…
Italy, banks drive Wall Street one percent lower
(Reuters) – Volatility returned to Wall Street with a vengeance on Tuesday, with downbeat guidance on trading from JP Morgan and worries over Italy putting the S&P and Dow Jones Industrial Average on track for the biggest one-day drop in a month.
U.S. consumer confidence rebounds, house prices increase
WASHINGTON (Reuters) – Consumer confidence rebounded in May, but households were a bit pessimistic about their short-term income prospects even as they expected strong job growth to persist, which could restrain consumer spending.
U.S. sets public hearings on auto import tariff probe
WASHINGTON (Reuters) – Less than a week after the Trump administration threatened to impose tariffs of up to 25 percent on foreign-built automobiles, the U.S. government on Tuesday said it would hold public hearings on whether the import of vehicles an…
Exclusive: Mexico central bank ready for election, could support peso-Diaz de Leon
MEXICO CITY (Reuters) – Mexico’s central bank is prepared for different scenarios resulting from the country’s July 1 presidential vote, central bank chief Alejandro Diaz de Leon said late on Monday, adding that policymakers could act to support the pe…
Canada to buy Kinder Morgan pipeline in bid to save project
OTTAWA/WINNIPEG (Reuters) – Canada will buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, in hopes of saving the project that faces formidable political and environmental oppositio…
Not enough time for tech customs solution to Brexit: Aston Martin
GAYDON, England (Reuters) – The boss of carmaker Aston Martin warned it was probably too late to roll out the kind of technology needed for the post-Brexit customs plan that is favoured by many British eurosceptics.
U.S. to continue trade actions against China: White House
WASHINGTON (Reuters) – The United States said on Tuesday that it still holds the threat of imposing tariffs on $50 billion of imports from China and will use it unless Beijing addresses the issue of theft of American intellectual property.
Wall Street tumbles on concerns over Italy’s political turmoil
(Reuters) – U.S. stock indexes slumped on Tuesday, with bank stocks among the hardest hit, as a deepening political crisis in Italy triggered rush to safe-haven assets.
Vienna Airport woos low-cost carriers to secure growth
VIENNA (Reuters) – Vienna Airport is banking on budget carriers’ expansion into eastern European countries to secure its long-term growth, its co-chiefs said.
