BUSINESS
iPhone delays weigh on Apple ahead of holiday season
Customers in the US who placed an order Tuesday would get an iPhone 14 Pro delivered in New York on Dec. 30, after Christmas, according to Apple’s website.
BUSINESS
Unilever may launch ice cream from cow-free dairy in a year
The company is working on a process called precision fermentation that uses substances like yeast and fungi to produce milk proteins in a vat.
BUSINESS
Disney looks to Bob Iger for transition as it dumps CEO Chapek
Elsewhere in the Disney empire, however, loyalists were missing him. Within days, Iger, 71, would be back at the helm of the company he ran for 15 years and Bob Chapek, his handpicked successor, would be gone, news that Disney announced to the world on Sunday evening.
BUSINESS
Twitter isn’t helping your career
In an era when all workers are supposed to sustain a personal brand that in theory will insulate us from job losses and other workplace misfortunes, something important could be lost if the site disappears or becomes a junkyard of spambots and trolls. And yet I also wonder what we might gain from its demise.
BUSINESS
Sweden is rethinking what makes it great
The first foreigner-confounding confusion was the work of neoliberal intellectuals at think tanks such as Timbro who enjoyed remarkable success in redesigning government policies.
SPORTS-TRENDS
Neymar stands in the way of Messi’s FIFA World Cup dream
Messi’s Argentina and Neymar’s Brazil head into the World Cup, which just got underway in Qatar, as favourites, with more than half of respondents naming one of them as the likely winner
BUSINESS
State-run SECI opens bids for $2.4 billion PLI for solar manufacturers
The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency’s website.
BUSINESS
World's Most-Crucial Fuel Heads for Shortage Touching Everything
In the US alone, the surging diesel cost will mean a $100 billion hit to the economy, according to Mark Finley, an energy fellow at Rice University's Baker Institute of Public Policy.
BUSINESS
US, EU aim to hit back at non-market policies with eye on China
A reference by the EU to some of China’s market-impacting policies would represent a win for the US as Washington has been pushing the bloc to take a tougher stand on the issue.
BUSINESS
Tom Brady, Steph Curry FTX endorsements probed by Texas regulator
The regulator is scrutinizing payments received by the celebrities to endorse FTX US, along with what disclosures were made and how accessible they were to retail investors, Joe Rotunda, director of enforcement at the Texas State Securities Board, told Bloomberg News in an interview.
BUSINESS
India’s big plans for cleaner jet fuel face a string of hurdles
There -- on a sprawling 300 acre tea estate where leopards and deer can be spotted -- scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants like pongamia and jatropha that aren’t consumed.
BUSINESS
Elon Musk fires more Twitter sales workers after ‘hardcore’ purge
Some of those who were fired started to receive notice on Sunday, according to two people familiar with the matter, though it’s unclear how many will be impacted in the current round. Platformer earlier reported the news.
BUSINESS
Bob Iger takes first steps to Disney in memo to staff
“Over the coming weeks, we will begin implementing organizational and operating changes within the company,” Iger said Monday in a memo. “It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are.”
BUSINESS
This KKR-backed startup is tapping PM Modi's decarbonisation drive
Prime Minister Narendra Modi is encouraging the gradual phase-out of fossil fuels after it set a target of getting to net zero by 2070.
BUSINESS
Mideast KFC operator Americana Restaurants looks to raise up to $1.8 billion via IPO
The books for the deal, a dual listing in Abu Dhabi and Riyadh, are multiple times covered and orders below 2.62 dirhams or 2.68 riyals per share risk not being allocated, according to the terms. At that price the company would have a market capitalization of $6 billion.
BUSINESS
Goldman Sachs strategists say bear market will last in 2023
The strategists estimate the S&P 500 will end 2023 at 4,000 index points -- just 0.9% higher than Friday’s close -- while Europe’s benchmark Stoxx Europe 600 will finish next year about 4% higher at 450 index points.
WORLD
China seals one of the biggest LNG deals ever with Qatar
Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday.
BUSINESS
Goldman sees India’s growth slowing next year as tailwinds fade
Gross domestic product may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year, Goldman economists led by Andrew Tilton wrote in a report Sunday.
BUSINESS
Goldman Sachs paid over $12 million to Bury Partner's claim of sexist culture
The bank settled with the departing partner two years ago, in a deal that kept secret her detailed account of senior executives making vulgar and dismissive comments about women, according to people with knowledge of the matter.
WORLD
Qatar’s tarnished World Cup is too big for brands to boycott
Qatar 2022 is arguably the most scrutinized World Cup in history, and executives are faced with a dilemma as pundits and politicians raise concerns over the host country.
BUSINESS
Humbled central bankers scale back their ambitions
US Federal Reserve Chair Jerome Powell acknowledged in June that “with the benefit of hindsight, clearly we did” underestimate inflation.
TRENDS
Gamers seek fame, riches in world’s next esports hub India
Unlike other gaming markets where play is console- or PC-based, Indian users access live-streams mainly via their mobile devices - thanks to cheap data.
WORLD
COP27 poised for deal after breakthrough on climate payments
In return Europe, pushed for tougher language on reducing emissions. After hours of wrangling with countries including China, Brazil and Saudi Arabia, changes were agreed to that part of the deal, putting a final text within reach.
WORLD
IMF chief says trade divide could cost global economy $1.4 trillion
For Asia, the potential loss could be twice as bad, or more than 3% of GDP, because the region is more integrated into the global value chain
