LONDON (Reuters) – Euro zone business growth has stalled this month, a survey showed on Monday, less than two weeks after outgoing ECB President Mario Draghi pledged indefinite stimulus to revive the bloc’s ailing economy. Draghi’s term comes to an end next month, and on Sept. 12 the European Central Bank trimmed its deposit rate further into negative territory and promised bond purchases with no end-date to push borrowing costs even lower. IHS Markit’s Euro Zone Composite Flash Purchasing Managers’ Index (PMI), seen as a good guide to economic health, suggested support for the stalling economy is needed. It sank to 50.4 in September from 51.9 in August and below all forecasts in a Reuters poll that had predicted 51.9. That was just above the 50 mark separating growth from contraction and was its lowest reading since mid-2013. A flash services PMI fell to 52.0 from 53.5 while a manufacturing index fell to 45.6 from 47.0. A Reuters poll had predicted 53.3 … [Read more...] about Euro zone business growth ground to a halt in Sept
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By Rahul Karunakar BENGALURU (Reuters) – Euro zone business growth picked up a touch in August, helped by brisk services activity and as manufacturing contracted at a slower pace, but trade war fears knocked future expectations to their weakest in over six years, a survey showed. Despite increasing worries about a global slowdown, the U.S. and China have shown no sign of backing down in their trade war. That has pushed businesses to be less hopeful of a significant acceleration in economic activity anytime soon, which will in turn underscore policymakers’ pledges for more accommodative policy. IHS Markit’s Euro Zone Composite Flash Purchasing Managers’ Index (PMI), seen as a good guide to economic health, climbed in August to 51.8 from 51.5 in July and above 51.2 predicted in a Reuters poll. Anything above 50 indicates growth. The composite future output index measuring overall business optimism sank to 55.5, its lowest since May 2013, from 58.8 in July. … [Read more...] about Euro zone business growth recovers, but outlook worsens
By Ann Schmidt Published July 26, 2019 Facebook FOXBusiness Facebook Twitter Comments Print video FTC’s $5B fine against Facebook was a ‘slap on the wrist’: District Media president Attorney Misty Marris and District Media President Beverly Hallberg on the FTC’s $5 billion fine against Facebook over privacy violations. Facebook co-founder Chris Hughes has been calling for the breakup of the social media giant since May -- and recently he’s even been meeting with government regulators, according to a new report. Continue Reading Below Hughes, who left Facebook in 2007, has reportedly been meeting with state attorneys general, the Justice Department and the Federal Trade Commission recently, The New York Times reported. He has reportedly been building up a possible antitrust case against Facebook along with two antitrust academics, according to The Times. The outlet reported that it is unusual for founders to … [Read more...] about How much is Facebook co-founder Chris Hughes worth?
It’S 50 years since the Stonewall Riots, when New York’s gay community hit the streets to protest against police harassment, leading to the US gay rights movement and the worldwide LGBTQ campaign as we know it today. Progress continues to be made – and brands have been quick to spot the potential, both to promote products and show support to their staff. But linking to the LGBTQ movement isn’t a quick and easy option. Position yourself in this space inappropriately, without an authentic back story or a genuine commitment to making a positive difference, and you risk opening yourself up to criticism and derision. Read more: When does London Pride 2019 start? Primark found itself in choppy waters when it was revealed that its Pride T-shirts were made in countries with appalling LGBTQ track records. And Adidas arguably came across as more opportunist than ally when it launched its “Pride Pack” – before throwing its weight behind … [Read more...] about Has your business got real Pride? Don’t just talk the talk
In a month to celebrate diversity, purveyors of weed find a common cause with the LBGQT+ community. Eric Weinberg Published 1:00 pm CDT, Thursday, June 13, 2019 Photo: Lowell Herb Co. Photo: Lowell Herb Co. Image 1 of / 1 Caption Close Image 1 of 1 Photo: Lowell Herb Co. Cannabis Companies Embrace Pride Month 1 / 1 Back to Gallery One of the nicer things we see in the cannabis community is the eagerness to team up with other worthy causes when opportunities present themselves. In this spirit, several cannabis companies are embracing LGBTQ+ community during Pride Month. Related: Cannabis Companies Are Thinking Ahead and Tackling Big Social Issues Pride Pack Through a … [Read more...] about Cannabis Companies Embrace Pride Month