Why fast food is going big on breakfast

New York (CNN Business)Wendy’s, master of social media, found itself in the unusual position this week of getting loads of online hate for a franchisee’s politics. The fast food chain finally responded late Wednesday. The company said is making a $500,000 donation to social justice organizations, tweeting that “a lot of people are hurting because of blatant racism against black […]

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How Volkswagen is reopening factories during the pandemic

London (CNN Business)Germany is spending billions of euros on subsidies that will slash the price of electric cars as part of a huge economic stimulus package that could help automakers such as Volkswagen to sell vehicles that are better for the environment. The German government will double existing subsidies to €6,000 ($6,720) on electric vehicles that cost up to €40,000 […]

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Mitsubishi Recalls Vehicles For Suspension Rust Problem

Mitsubishi Motors North America inc. recalled 141,200 cars and sports utility vehicles (SUVs) due to potential corrosion of the front cross member because of salt water exposure such as from road salt use in cold-weather, according to the National Highway Traffic Safety Administration. The recall is expected to begin on July 14, 2020. The company said the inside and outside […]

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Eurozone Economic Confidence Signals Recovery

Eurozone economic confidence improved in May after the record declines of March and April, signaling early signs of recovery, survey data from the European Commission showed Thursday. The economic sentiment index rose to 67.5 in May from 64.9 in the previous month. However, the reading was below economists’ forecast of 70.3. The indicator adds to the evidence that the euro-zone […]

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The City That Remade Its Police Department

LISTEN TO ARTICLE SHARE THIS ARTICLE Across the U.S., protesters have taken to the streets to express rage after the killing of George Floyd by a Minneapolis police officer, Derek Chauvin. The demonstrations themselves have led to more police shows of force. In Brooklyn, two cops rammed their New York City Police Department SUVs into a crowd of protesters. In […]

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How India can woo firms leaving China

Nomura Group Study found that in 2019, out of the fifty-six companies which shifted their production out of China, only three of these invested in India; while 26 went to Vietnam, 11 to Taiwan, and 08 to Thailand. In April 2020, Nikkei noted that out of the 1,000 firms which were planning to leave China and invest in Asian countries, […]

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The five tax changes that should happen NOW to rescue the economy

The study from the TaxPayers’ Alliance (TPA) sets out five key tax changes that should be made immediately. :: Abolish employer national insurance, cutting a typical business’ payroll tax bill by 38 per cent this year. :: Abolish employee national insurance, meaning an average worker would pay £1,622 less tax this year. :: Abolish capital gains tax, which according to […]

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Google Parent Alphabet Pledges $12 Million To Social Justice As Shareholders Fret Over Diversity, Pay, Human Rights At Annual Meeting

In a two-act annual meeting Wednesday, Google parent Alphabet ticked off good deeds from a $12 million pledge to further racial equality and 200 new initiatives around COVID-19 — from $800 million in ad grants and loans for small businesses to an expansion of Google Classroom to PSAs on YouTube. Then shareholders took the mic to knock the company’s record […]

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