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Business News

Location American Business News for 28 September 2021
Restaurants and Hotels Push Back Against Uptick in Customer Tantrums Owners are setting new ground rules during the Covid-19 pandemic and going against the adage that the customer is always right.
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Sixers' Tyrese Maxey Headed For Bigger Role, With Or Without Ben Simmons With Ben Simmons' future with the Sixers up in the air, second-year guard Tyrese Maxey is in line for a major uptick in responsibility.
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Citadel Securities Faces New Pressure Over GameStop Frenzy

Wall Street Journal - 28 Sep 2021 23:05
Billionaire Ken Griffin's electronic trading firm is under fire again over its role in the January trading frenzy in shares of GameStop after new information surfaced in a lawsuit.
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Global spirits giant Diageo PLC, which owns the brands Guinness, Hennessy and more, has opened its first carbon-neutral distillery in North America for a portion of its Bulleit bourbon operations.
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Irn-Bru maker says HGV 'challenges' have affected deliveries to customers Irn-Bru maker AG Barr has revealed that HGV issues have been affecting deliveries to customers as well as the supply of raw materials.
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How chess champ Fabiano Caruana keeps his head in the game He was the youngest American grandmaster. Now he’s got a few lessons to share. Grandmaster Hikaru Nakamura: The four-time U.S. chess champion is a dominant player in the Blitz game variety, otherwise known as speed che...
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East Asia's Economies Face Slowing Growth and Rising Inequality, World Bank Warns Most countries in East Asia and the Pacific face major setbacks in recovering from the coronavirus, the World Bank said, adding to concerns that the resurgent pandemic will widen the economic divide between the region an...
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29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations b...
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Activision Blizzard Agrees to Pay $18 Million to Settle EEOC Probe The Equal Employment Opportunity Commission had been examining allegations of gender-based harassment and retaliation at the embattled videogame-publishing giant.
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Entertainment Giant Endeavor to Buy Sports-Betting Business for $1.2 Billion The acquisition from Scientific Games is the latest deal to build on the booming U.S. sports-wagering industry.
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Verifone Enables Retailers to Accept Cryptocurrencies, Says Merchants' Appetite for Crypto Payments 'Has Exploded' Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion an...
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Here's why the steep sell-off in Roku stock is overdone and the shares are set to soar 56%, according to Bank of America Roku will be able to hold its own against increased competition from smart-connected TVs that utilize Amazon's Fire platform, BofA argued.
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This Insurance Company Is Actively Encouraging Students to Make Stupid Decisions You might not expect an insurance company to urge you to be reckless. But that is the message from Scandinavian insurer Hedvig, which throws caution to the wind in a new campaign targeting college students. As students s...
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Tencent Co-Founder Charles Chen's Yidan Prize Awards Education Leaders From Stanford, Pratham Winners receive the equivalent of $3.9 million
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Why Gas Pumps Across Britain Are Running Dry

The New York Times - 28 Sep 2021 16:03
Why Gas Pumps Across Britain Are Running Dry A shortage of truck drivers has led to empty fuel pumps around the country, creating long lines at gas stations and panic buying.
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Leena AI, an AI-powered conversational platform used by major enterprises such as Nestlé, has raised $30 million.
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Yellen Says Treasury Could Exhaust Cash Reserves by Oct. 18 if Debt Limit Isn't Raised Treasury Secretary Janet Yellen is set to testify with Fed Chairman Jerome Powell before lawmakers on Tuesday.
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Google Faces Pushback in Australia Over Online Ad Fees

Wall Street Journal - 28 Sep 2021 15:33
Google Faces Pushback in Australia Over Online Ad Fees Competition watchdog says tech giant has too much influence in online advertising services and new regulations are needed to level the playing field.
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Gupta brings in advisers to refinance GFG steel empire’s European assets The metals tycoon Sanjeev Gupta has drafted in City advisers to refinance his assets in eastern Europe as he seeks ways of keeping his wider empire afloat.
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OPEC predicts a winner in global energy transition: OPEC Group predicts the Middle East will ship 57% of the world's crude exports by 2045
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ViacomCBS Allows Marketers to Transact on VideoAmp Metrics Instead of Nielsen As the industry continues to explore alternative measurement solutions in the wake of Nielsen's public stumbles, ViacomCBS is offering its advertisers a new set of measurement metrics to transact against, alongside stalw...
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Three challenges facing Netflix's expansion in India

livemint.com - 28 Sep 2021 09:33
Three challenges facing Netflix's expansion in India Although India accounts for barely 1% of Netflix's revenues today, it is one of its earmarked outposts of future growth. As Netflix commits more investments to India, here are the three challenges it must overcome to kee...
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