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Trump says Walmart cut prices at his request, but Walmart statement omits administration's role
2+ hour, 13+ min ago (362+ words) The president has faced public backlash over inflation rising during his watch, as prices climbed initially in the aftermath of his tariffs and later with the start of the Iran war in late February. Trump described a recent bipartisan measure…...
AA Life Insurance launches new 'Making Life easy' campaign via Quantum Jump
54+ min ago (339+ words) AA CMO Jenni Ryan says of the campaign: "Seen through the lens of the life moments that inspire purchase consideration, this beautiful, nuanced multi-channel campaign brings our AA Life Insurance products to life in a category-distinctive way. The film, directed…...
Canadian firms" inflation outlook eased after Iran ceasefire, Bo C survey finds
10+ hour, 33+ min ago (445+ words) (Corrects paragraph 2 to show next rate decision is next week, not in three weeks; corrects paragraph 8 to show figure was higher, not lower) By Promit Mukherjee and David Ljunggren OTTAWA, July 6 (Reuters) " Canadian businesses scaled down expectations "of high inflation…...
Explainer: Why tomato prices are surging
11+ hour, 29+ min ago (184+ words) Farmers interviewed by Business Day point Tuta Absoluta, popularly called "Tomato Ebola" invasion on tomato farms across key producing states. Tuta Absoluta has a reputation for swiftly ravaging tomato cultivation in a little above 48 hours " prompting farmers to nickname it…...
Euro Holds Steady Above 1. 1400 As Geopolitical Tensions In The Strait Of Hormuz Bolster The Dollar
2+ hour, 13+ min ago (453+ words) Bitcoin World Euro Holds Steady Above 1. 1400 as Geopolitical Tensions in the Strait of Hormuz Bolster the Dollar The euro continues to trade within a narrow range above the 1. 1400 mark against the US dollar, as escalating geopolitical risks surrounding the Strait…...
New Zealand watchdog says supermarket charges on suppliers harm competition | MLex | Specialist news and analysis on legal risk and regulation
1+ hour, 43+ min ago (278+ words) MLex Summary: New Zealand's Commerce Commission has closed its wholesale grocery supply inquiry after concluding that competition remains weak because the country's major supermarket chains receive about NZ$6 billion ($3. 4 billion) a year in supplier rebates, discounts and other payments that…...
Com Com eyes "problematic" supermarket supplier fees
58+ min ago (291+ words) The Commerce Commission is looking into concerns about the fees that Woolworths and Foodstuffs charge their suppliers and the potential negative impact of this practice. The Grocery Industry Competition Act specifies what supermarkets can charge suppliers for and includes rules…...
US trade gap widens sharply, clouding second-quarter growth outlook
43+ min ago (667+ words) A jump in imports and weaker exports pushed the US goods trade deficit to its highest level in 14 months, raising concerns that net exports will weigh on economic growth despite the country's resilient outlook. The US goods trade deficit widened…...
Rajah & Tann hires KNSAT founder Adirek Limsiriwong
1+ hour, 24+ min ago (180+ words) Rajah & Tann (Thailand), a member firm of Rajah & Tann Asia, has appointed Adirek Limsiriwong as a partner to bolster its tax practice in Bangkok. Limsiriwong arrives from KNSAT Associates Legal and Tax, where he was the founding partner and co-led…...
Waller says risks in US tilted towards high inflation
11+ hour, 28+ min ago (220+ words) WASHINGTON, July 6 (Reuters) " U. S. Federal Reserve Governor Christopher Waller said on Monday that high inflation is the chief risk facing the Fed given a labor market that remains stable. Waller did not explicitly mention a June jobs report that showed weaker-than-expected…...