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China Resumes Yuan Support With Stronger-Than-Expected Fixing
China Resumes Yuan Support With Stronger-Than-Expected Fixing
China stepped in to support the yuan for a third time this week, once again signaling a limit
2023-06-29 10:25
Vietnam Economy Grows Better Than Estimated in Second Quarter
Vietnam Economy Grows Better Than Estimated in Second Quarter
Vietnam’s economy grew better-than-expected in the second quarter, showing the trade-reliant nation still has momentum despite slowing global
2023-06-29 10:24
Australian Retail Sales Exceed Forecasts as Spending Resilient
Australian Retail Sales Exceed Forecasts as Spending Resilient
Australian retail sales climbed more than expected in May, suggesting that household spending remains resilient in the face
2023-06-29 10:21
Ueda Says More Confidence in 2024 Prices Needed For BOJ Shift
Ueda Says More Confidence in 2024 Prices Needed For BOJ Shift
Bank of Japan Governor Kazuo Ueda suggested it’s possible to start normalizing monetary policy if the BOJ becomes
2023-06-29 10:18
Yellen Says She Hopes to Meet New Leaders on Possible China Trip
Yellen Says She Hopes to Meet New Leaders on Possible China Trip
US Treasury Secretary Janet Yellen said one of the reasons she hopes to travel to China is to
2023-06-29 09:56
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
The CEO of Anheuser-Busch InBev, the parent company of Bud Light, said the beer should be about bringing people together after it faced months of backlash following its brief partnership with transgender influencer Dylan Mulvaney. In an appearance Wednesday on the programme CBS This Morning, CEO Brendan Whitworth said the company has become entangled in “divisive” conversations it should not be a part of. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive,” Mr Whitworth said. “And Bud Light really doesn’t belong there. Bud Light should be all about bringing people together.” At the moment, that is not what’s happening. Bud Light last month lost its spot at the top of the beer sales charts to Modelo as some conservative customers continue to boycott the beer following the advertisements featuring Ms Mulvaney. Mr Whitworth declined to answer directly when asked whether the campaign featuring Ms Mulvaney was a mistake. “There’s a big social conversation taking place right now, and big brands are right in the middle of it and it’s not just our industry or Bud Light,” Mr Whitworth said. “It’s happening in retail, happening in fast food. And so for us what we need to understand — deeply understand and appreciate — is the consumer and what they want, what they care about, and what they expect from big brands.” Despite being given ample opportunity to do so, Mr Whitworth did not directly defend the corporation’s decision to partner with a trans influencer or to support the trans community more broadly at a time when that community is facing a barrage of legislation targeting its rights in states across the country. “Bud Light has supported LGBTQ since 1998, so that’s 25 years,” Mr Whitworth said. “And as we’ve said from the beginning, we’ll continue to support the communities and organisations we’ve supported for decades. But as we move forward, we want to focus on what we do best: which is brewing great beer for everyone.” The controversy over corporations’ politics is not limited to Bud Light. Disney, Target, Nike and a number of other brands have also been the target of the right’s ire in recent years for taking stances on social issues at odds with conservatives. Target recently announced its decision to remove some Pride month merchandise from its stores after facing criticism from conservatives for its relative support of the LGBTQ+ community. The Starbucks Workers Union, meanwhile, accused Starbucks of restricting Pride decorations from certain stores. Read More I came out as a teen in the 90s — there’s still a long road ahead for LGBT+ youth Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-29 09:48
Scot Peterson did not stop the Parkland school shooting. Should he be jailed?
Scot Peterson did not stop the Parkland school shooting. Should he be jailed?
A trial of a police officer for failing to protect Parkland students raises legal and moral questions.
2023-06-29 09:24
Foreigners Unload Japanese Stocks for First Time in 13 Weeks
Foreigners Unload Japanese Stocks for First Time in 13 Weeks
Foreign investors sold a net 544 billion yen ($3.77 billion) of Japanese stocks last week, their first net
2023-06-29 09:21
Japan Retail Sales Rebound, Adding to Signs of Recovery
Japan Retail Sales Rebound, Adding to Signs of Recovery
Japan’s retail sales rebounded more than expected in May from the previous month as the return of tourists
2023-06-29 09:19
Delta flight diverted to Atlanta due to unruly passenger, airline says
Delta flight diverted to Atlanta due to unruly passenger, airline says
A Delta Air Lines flight from Michigan to Florida was diverted to Atlanta on Wednesday due to an incident with an unruly passenger, the airline said in a statement.
2023-06-29 09:19
DeSantis says if elected he would abolish education, energy and IRS departments to fight ‘woke ideology’
DeSantis says if elected he would abolish education, energy and IRS departments to fight ‘woke ideology’
Gov Ron DeSantis of Florida said in an interview on Fox News on Wednesday morning that he supports eliminating multiple federal government agencies including the Internal Revenue Service (IRS). Mr DeSantis, who has struggled to gain traction since launching his presidential campaign in the spring, didn’t hestitate when the network’s Martha MacCallum asked him if he is in favour of eliminating any government agencies. “So we would do Education, we would do Commerce, we would do Energy, and we would do the IRS,” Mr DeSantis said. “And so if Congress will work with me on doing that, we will be able to reduce the size and scope of government.” A number of Republican presidential candidates over the years have said they would like to eliminate various federal agencies, without any success. As Mr DeSantis indicated, it is Congress that establishes departments and agencies and Congress that would have to vote to eliminate them. But Mr DeSantis said that if Congress doesn’t allow him to cut agencies like the IRS — a move that could plunge the country’s tax collection system into chaos and hamper federal oversight — he is prepared to use those agencies to advance his political aims. “What I’m also going to do, Martha, is be prepared, if Congress won’t go that far, I’m going to use those agencies to push back against woke ideology and against the leftism that we see creeping into all institutions of American life,” Mr DeSantis said. Mr DeSantis, who talks frequently about “woke ideology” on the campaign trail, pointed to his record in Florida as an example of how he would like to use federal agencies as president. “For instance, with the Department of Education, we reversed all the transgender sports stuff — women’s sports should be protected,” Mr DeSantis said. “We reversed policies trying to inject the curriculum into our schools. That will all be gone. We will make sure we have an accreditation system for higher ed, which is not trying to foment more things like DEI and CRT. So we will be prepared to do both. Either way, it will be a win for conservatives.” Under Mr DeSantis’ leadership, Florida has curtailed free speech in schools, radically changed its tenure system, and passed abortion and gender-affirming care bans. Mr DeSantis himself has sparred with Disney over its social stances and endorsed violence against immigrants. All that has not made Mr DeSantis a particularly popular national figure. An average of recent polls from FiveThirtyEight shows that just over 36 per cent of Americans view Mr DeSantis favourably, while more than 45 per cent view him unfavourably. He’s currently trailing former President Donald Trump by a wide margin in the Republican primary race. Read More DeSantis proposes Disney trial schedule that puts start date in 2025, after elections DeSantis supporter blames Trump camp for leaking racist and antisemitic messages Watch as LA immigrant groups hold solidarity rally in protest of Florida law DeSantis proposes Disney trial schedule that puts start date in 2025, after elections DeSantis supporter blames Trump camp for leaking racist and antisemitic messages
2023-06-29 08:30
Oil Steadies After Big Drop in US Stockpiles Boosts Optimism
Oil Steadies After Big Drop in US Stockpiles Boosts Optimism
Oil steadied in Asia after a big decline in US crude stockpiles provided some optimism for a market
2023-06-29 07:52
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