Mexico ended 2022 with 7.82% annual inflation
Mexico ended 2022 with 7.82% annual inflation, the highest rate in more than two decades.
Business
BrewDog boss pays almost £500k to unhappy ‘solid gold’ beer can winners
James Watt says bungled promotion in which cans were only gold plated looked ‘dishonest and disingenuous’The chief executive of BrewDog has paid out almost £500,000 from his own pocket to winners of a bungled “solid gold” beer can promotion which he ha…
Business energy bill support to be reduced after March, Treasury confirms
New scheme promises £5.5bn of ‘transitional’ help for businesses over 12 months from 1 April 2023Businesses will receive reduced support for their energy bills from the end of March as the Treasury attempts to cut the cost of compensating for soaring g…
Deal reached for sale of Russian-owned refinery in Sicily
Russian oil company Lukoil say it has reached an agreement for the sale of a refinery plant in Sicily.
Bank of England warns high inflation could last longer than expected
Chief economist says risks remain despite fall in wholesale energy prices and UK on brink of recessionThe Bank of England’s chief economist has warned high rates of UK inflation could persist for longer than expected, despite a fall in wholesale energy…
Buffett’s firm keeps selling BYD shares despite past praise
Warren Buffett’s company continues selling off its BYD shares despite the positive comments he made in the past about the Chinese electric car maker, but Berkshire Hathaway remains a major shareholder.
Former McDonald’s boss fined $400,000 over employee relationship
Shareholders were misled by Steve Easterbrook ‘concealing extent’ of his misconduct, says US regulatorThe former boss of McDonald’s, Steve Easterbrook, has been fined $400,000 (£328,000) by the US regulator for “concealing the extent of his misconduct”…
SEC charges former McDonald’s CEO with misleading investors
The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019.
Need an onion? These Indian apps will deliver it in minutes
Quick commerce has become the norm in many countries. But some Indian companies are pushing the bounds of logistics and endurance.
Labor urged to keep ‘golden ticket’ investor visa primarily used by Chinese migrants
Immigration expert says the policy amounts to selling a visa ‘very cheaply’ without a good return on investmentGet our morning and afternoon news emails, free app or daily news podcastThe Australia China Business Council has urged Labor to retain the “…