Business

Stripe, Alphabet, Meta, Shopify, McKinsey are driving carbon capture market

Stripe, Alphabet, Meta, Shopify, McKinsey are driving carbon capture market

Pods, operated by Carbfix, with underground carbon dioxide storage technology, in Hellisheidi, Iceland, on Tuesday, September 7, 2021. Startups Climeworks AG and Carbfix are teaming up to store carbon dioxide removed from the air deep underground to create a part of the damage that CO2 emissions do to the planet. Photographer: Arnaldur Halldorsson/Bloomberg via Getty …

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Inflation rose by 8.5% in March.  Where Americans plan to cut spending

Inflation rose by 8.5% in March. Where Americans plan to cut spending

Inflation rose picked up again in March, 8.5 %  which could prompt US households to continue austerity measures. The consumer price index, which measures the cost of a group of everyday items, rose 8.5% year-on-year in March, the US Department of Labor said Tuesday. The report showed the highest inflation rate since December 1981. While …

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Lululemon Trade-In, Resale Program To Launch This Month

Lululemon Trade-In, Resale Program To Launch This Month

Lululemon will launch a trade-in and resale option for its gently used leggings, tops and jackets later this month following a successful pilot program fueled by rising consumer prices and a commitment to sustainable purchasing. The rollout of Lululemon’s “Like New” program comes after the retailer tested its so-called re-commerce platform for customers in Texas …

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Panera Bread tests automated brewing with Miso Robotics

Panera Bread tests automated brewing with Miso Robotics

The CookRight Coffee System from Miso Robotics Source: Miso Robotics Panera Bread is testing Miso Robotics’ new automated brewing system as it doubles its drink subscription program. It is part of a broader shift in the restaurant industry towards automation as many eateries struggle to find employees and labor costs rise. For example, McDonald’s is …

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Pakistan's new government can improve ties with US and India

Pakistan’s new government can improve ties with US and India

Pakistan’s parliament elected Shehbaz Sharif as the country’s new prime minister just days after his predecessor Imran Khan was ousted in a no-confidence vote. Aamir Qureshi | AFP | Getty Images Pakistan has a new prime minister – and this could bode well for the South Asian country’s return to a healthier economy and its …

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War between Russia and Ukraine means that Europe will no longer return to normal

War between Russia and Ukraine means that Europe will no longer return to normal

German Chancellor Olaf Scholz, French President Emmanuel Macron and Polish President Andrzej Duda attend a press conference ahead of a Weimar Triangle meeting to discuss the ongoing crisis in Ukraine, in Berlin, Germany, February 8, 2022. Hannibal Hanschke | Reuters The war in Ukraine and the resulting economic sanctions against Russia will cause far greater …

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Inflation in China makes it harder for PBOC to cut US Fed rates

Inflation in China makes it harder for PBOC to cut US Fed rates

Transportation fuel prices in China rose 24.1% in March 2022 from a year ago, the largest increase in the country’s consumer price index. Vcg | Visual China Group | Getty Images BEIJING – Ongoing inflation in China is narrowing the window for when the People’s Bank of China can cut interest rates and support growth, …

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What European companies face with China's zero-covid policy

WHO says it is watching closely as China grapples with worst Covid wave yet

Home to the world’s largest container port, Shanghai began a two-part lockdown on March 28 and has yet to announce when restrictions are lifted. Yang Jianzheng | Visual China Group | Getty Images The World Health Organization said on Monday it is monitoring a large increase in Covid cases in mainland China, an outbreak that …

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