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Ben & Jerry’s sues Unilever to block sale of Israeli business | News

Company said the lawsuit was necessary to protect ‘the brand and social integrity Ben & Jerry’s has spent decades building’. American ice cream brand Ben & Jerry’s has sued its parent company Unilever Plc to block the sale of its Israeli business to a local licensee, saying it was inconsistent with its values ​​to sell …

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Hang Seng, Shanghai Composite, Covid, oil

SINGAPORE — Greater China stock indexes led losses as Covid concerns resurge, while Asia-Pacific markets traded lower on Wednesday. Oil futures rose after plunging overnight. Hong Kong’s Hang Seng index slipped 1.37%, with heavyweights HSBC and CNOOC falling 3.93% and 5.58%, respectively. mainland China markets also declined. The Shanghai Composite shed 1.34%, and the Shenzhen …

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Top 4 ‘recession-proof’ industries to work in, according to economists

Warnings about a looming recession have reached a fever pitch. Inflation continues to soar, causing chaos in the stock market, and companies are starting to prepare for the worst with layoffs, hiring freezes and, in some extreme cases, rescinding job offers. The sudden shift in labor market dynamics — after months of strong job prospects …

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Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

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SAS files for Chapter 11 bankruptcy as pilots strike

Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike action by pilots had impacted its position and financial liquidity. Wage talks between SAS (SASDF) and its pilots collapsed on Monday, triggering a strike that adds to travel chaos across Europe as …

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Hiking interest rates the wrong solution to inflation problem: Analyst

Raising interest rates to tame demand — and therefore inflation — is not the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said. Global manufacturers and suppliers have been unable to produce and deliver goods to consumers efficiencies during the Covid lockdowns. And more recently, imposed sanctions on …

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US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation producing vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading outbreak will fall into a recession within the next 12 months as central banks move to aggressively …

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