The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

'More ships than parking spots': What a stuck supply chain looks like

New York (CNN Business)The Biden administration is making a concerted effort to ease the extreme stress on supply chains that is causing sticker shock, leaving store shelves empty and creating lengthy shipping delays. The centerpiece is a 90-day sprint, announced Wednesday, aimed at unclogging port congestion by moving the Port of Los Angeles, one of the most congested ports on […]

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Upbeat bank earnings buoy US stocks; USD, Treasury yields dip

NEW YORK (Reuters) – U.S. shares rallied on Thursday as strong bank earnings reports fired up investors’ risk appetites, while the dollar and benchmark Treasury yields both paused their recent ascent to pull back from multi-month highs.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 6, 2021. REUTERS/Brendan McDermid/File […]

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McDonald's to test McPlant burger created with Beyond Meat in eight U.S. restaurants next month

McDonald's will test the meatless McPlant burger created as part of its partnership with Beyond Meat in eight U.S. restaurants next month. Other restaurant chains have been quicker to launch plant-based meat items on their menus, but McDonald's has taken a more cautious approach. The fast-food giant has already started selling McPlant burgers in some international markets, including Sweden, Denmark, […]

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Dollar falls to 10-day low as rally pauses; riskier currencies rebound

LONDON (Reuters) – The dollar edged down against major peers on Thursday, reaching its lowest level in 10 days in a pullback from its recent rally, while the Australian and New Zealand dollars rose.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/IllustrationExpectations that the U.S. Federal […]

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U.S. committed to WTO and wants it to succeed, trade rep Tai says

GENEVA (Reuters) – U.S. Trade Representative Katherine Tai on Thursday affirmed the Biden administration’s commitment to the World Trade Organization (WTO), saying that reforms were possible as the body readies for a major ministerial conference next month.FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool […]

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United Airlines To Introduce PayPal QR Code Payment Option Inflight

United Airlines has teamed with digital payments firm PayPal to introduce QR Codes as inflight payment option, to facilitate contactless payments amid the ongoing Covid-19 pandemic. Starting next month, United customers on select flights can make touch-free inflight purchases while on board by just scanning a QR code – with or without Wi-Fi. The customers can simply show a flight […]

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Stephanie Savage Elected To Girls Inc. National Board Of Directors

Girls Inc., a non-profit organization dedicated to empowering young women, has elected Gossip Girl and Nancy Drew executive producer and showrunner Stephanie Savage to its National Board of Directors. Savage, who has been an avid supporter of the non-profit, joins fellow newly elected board directors Alex Calicchia, president & CEO, Hive Partners; Courtney N. Naudo, Vice President, Walmart International; and […]

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Dollar pauses after rallying to one-year high earlier in week

TOKYO (Reuters) – The dollar touched its lowest this week against major peers on Thursday, taking a breather from a rally that had lifted it to a one-year high powered by expectations for quicker Federal Reserve interest rate hikes.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado […]

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