Starbucks CFO: US demand remains strong despite higher prices U.S. Starbucks customers still view the chain as an affordable luxury. In its fiscal first quarter results, the Seattle-based coffee giant …
Business
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The online giant’s net sales $149.20 billion for the fourth quarter came in above analyst expectations of $149.20 billion. It’s adjusted earnings of 3 cents per share came in below…
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Apple (AAPL) reported its Q1 earnings after the closing bell on Feb. 2, missing analysts’ expectations on the top and bottom line as iPhone sales came up short, declining more than 8%…
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Australia will replace the portrait of Queen Elizabeth II on its A$5 banknote with a new design to reflect and honour the history of its Indigenous culture, the country’s central bank…
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Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current…
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Federal Reserve raises interest rates another 0.25% to highest since October 2007 The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to…
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The UK government is set to scrap the energy subsidies for businesses in the next financial year by 85 percent, leaving small businesses in a dire economic situation, as the…
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Business
Anti-monarchists: King Charles’ coronation ‘slap in the face for people’ amid high inflation
British anti-monarchists say they have planned a protest for the day of King Charles’ coronation, which is expected to take place amid much pomp and circumstance as the public continue…
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As many as 700 Russian banks and 106 non-Russian banks from 13 countries can exchange financial messages with Iranian banks, the deputy governor of the Central Bank of Iran (CBI)…
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Iran has officially raised the cap on interest rates that banks in the country can charge weeks after media reports suggested the government is trying to use the monetary policy…