Asian markets were mixed Tuesday as concerns about the impact of surging oil prices on inflation offset data indicating a slowing US economy that could allow the Federal Reserve to slow its interest rate hikes.. Sydney was down ahead of a Reserve Bank of Australia interest rate decision.
A San Francisco jury on Monday ordered Tesla to pay a Black former employee nearly $3.2 million for turning a blind eye to racism at the electric car maker's Silicon Valley plant.. The verdict in the retrial was a victory of sorts for Tesla, which had been ordered to pay Owen Diaz $137 million by a jury when the original trial ended in October 2021.
Australia said Tuesday it will ban TikTok on government devices, joining a growing list of Western nations cracking down on the Chinese-owned app due to national security fears. . Australia is the last member of the secretive Five Eyes security alliance to pursue a government TikTok ban, joining its allies the United States, Britain, Canada and New Zealand.
Disney chief Robert Iger on Monday said Florida's governor's is retaliating against the entertainment giant for exercising its right to free speech in an anti-business move that "seems really wrong.". "Any action that thwarts those efforts simply to retaliate for a position the company took sounds not just anti-business, but it sounds anti-Florida."
L'Oreal announced Tuesday the signing of an agreement with Brazil's Natura & Co to acquire its Australian luxury cosmetics brand Aesop in a deal valued at $2.53 billion.. Natura bought British cosmetics company The Body Shop from L'Oreal in 2017.
Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80.. For the equivalent of $1.42 in CUP, Castellanos can get 3.1 kilograms (seven pounds) of rice, a half-liter of oil, seven eggs, 1.3 kg of black beans, 2.7 kg of chicken and a packet of coffee for the month at a dedicated subsidized store.
The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects.. "Developing Asia's economic prospects are markedly improving on the rapid reopening in the People's Republic of China," the ADB said in its flagship outlook report.
World oil prices soared Monday while equity markets mostly won modest increases after several top producers led by Saudi Arabia sprang surprise output cuts.. The Kremlin also defended the decision, saying it was "in the interests of global energy markets for world oil prices to remain at a good level."
Call it "Trump Cam.". On Monday afternoon's showing of "Trump Cam," that didn't matter.
Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior.. "We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape and we sold more than 20,000 EVs in a quarter for the first time," Carlisle said, referring to electric vehicles.
