Walmart cut its profit outlook Monday as surging inflation prompts shoppers to cut back on higher-margin items as they contend with increased prices for gasoline, food and other staples.. "The increasing levels of food and fuel inflation are affecting how customers spend, and while we've made good progress clearing hardline categories, apparel in Walmart US is requiring more markdown dollars," said Chief Executive Doug McMillon.
The Panamanian government and protesters edged closer Monday to an agreement to end a weeks-long living cost revolt that has blocked roads, interrupted food supplies and damaged the economy.. For three weeks, amid worsening economic woes for Panama, protesters demanding lower fuel, food and medicine prices have blockaded the crucial Pan-American Highway and other major roads with stalled trucks and burning tires.
Philippine President Ferdinand Marcos Jr vowed Monday to slash poverty, rein in soaring food prices and boost renewable energy, as he unveiled an ambitious blueprint for his six-year term. . Marcos Jr vowed to more than halve the poverty rate to single digits by the end of his term and offer financial relief to many farmers, including forgiving debts.
Philippine President Ferdinand Marcos Jr vowed Monday to slash poverty, rein in soaring food prices and boost renewable energy, as he unveiled an ambitious blueprint for his six-year term. . Marcos Jr vowed to more than halve the poverty rate to single digits by the end of his term and offer financial relief to many farmers, including forgiving debts.
French satellite operator Eutelsat said on Monday it was in talks with British counterpart OneWeb for a tie-up to create a "global champion" in broadband internet, rivalling US operators such as Elon Musk's Starlink.. But Eutelsat said its tie-up with OneWeb, if it goes through, would be the first of its kind allying GEO and LEO satellites -- OneWeb has 428 in orbit.
Made from recycled military truck or aircraft tyres, Vietnam's hand-made rubber sandals, the famously rugged footwear of the Viet Cong, have travelled vast distances over the decades.. Later, during the Vietnam War, the simple but sturdy footwear became a symbol of the communist Viet Cong forces' ingenuity in their fight against the United States' military might.
Asian markets slipped Monday at the start of a key week for equities as the Federal Reserve prepares to lift interest rates again and some of the world's biggest companies report earnings.. The figures will provide a clearer idea about the impact of surging inflation and rising interest rates on consumer spending and companies' bottom lines.
In his busy Tel Aviv restaurant, chef Yair Yosefi adds a magic ingredient to his signature cake: Israel's first commercially produced vanilla providing what devotees claim is perhaps the strongest ever flavour.. Asked about the quality of the Israeli-aged vanilla, chef Yosefi said the proof was in the pudding, given the flurry of orders for his dacquoise cake and his bistro, Brut.
Trade unions called Monday for the European Commission to impose maximum temperature limits for outdoor workers, after three people died while on shift in Madrid during last week's withering heatwave. . In France, where there are currently no working temperature limits, 12 workers died due to heat exposure in 2020 alone, the union said.
China on Sunday launched the second of three modules needed to complete its new space station, state media reported, the latest step in Beijing's ambitious space programme.. "The CSS (Chinese Space Station) will complete its construction... in one and half a year which will be the fastest in history for any modular space station," said Chen Lan, analyst for the site Go-Taikonauts.com, which specialises in China's space programme.
