Business

Republicans target Las Vegas congressional district with help from Trump’s ‘no tax on tips’ policy

Monday, September 21 by SRN News

LAS VEGAS (AP) - Susan Gonzalez plans to pay off her credit card now that she no longer needs to pay taxes on the dollar bills that she stashes away at the end of long shifts pouring beers and mixing cocktails in a smoky... Read More.

Google hit with $463 million fine for EU location data rule breach

Monday, September 21 by SRN News

Google has been fined 403 million euros ($463 million) for breaching the European Union's strict privacy rules because it mishandled users' location data, the bloc's data privacy watchdog said Monday. Ireland's Data Protection Commission said its investigation found Google did not lawfully or fairly... Read More.

Volkswagen, Porsche shares extend losses following profit warning

Monday, September 21 by SRN News

FRANKFURT, Sept 21 (Reuters) - Shares in Europe's top automaker Volkswagen continued to fall on Monday, following a profit warning that included a €6 billion ($6.88 billion) goodwill impairment at luxury sportscar division Porsche Volkswagen on Friday cut its profit margin outlook for 2026 to... Read More.

UK’s JD Sports expands into Mexico through Grupo Axo partnership

Monday, September 21 by SRN News

Sept 21 (Reuters) - British sportswear retailer JD Sports on Monday announced its expansion into Mexico through a long-term franchise partnership with fashion retailer Grupo Axo, betting on strong demand from Mexico's growing young population. Here are some more details: • JD cut its profit outlook... Read More.

Porsche CEO assures staff no further job cuts planned, according to memo

Monday, September 21 by SRN News

BERLIN, Sept 21 (Reuters) - Porsche CEO Michael Leiters told staff there were no plans to cut an additional 4,000 jobs at the Volkswagen sports car subsidiary, according to an internal memo seen by Reuters on Monday. The CEO was responding to a Handelsblatt report... Read More.

US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss, FT reports

Monday, September 21 by SRN News

Sept 21 (Reuters) - The Bank of England and the US Federal Reserve are asking global banks about their exposures to large trading firms after turmoil at hedge fund Situational Awareness caused large losses at Jane Street, the Financial Times reported on Monday. The AI-focused... Read More.

Morning Bid: More oil is flowing, depending on who you ask

Monday, September 21 by SRN News

Sept 21 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been an upbeat start to the week in Asia thanks in part to a drop in oil prices amid, sometimes conflicting, reports of increased supply out... Read More.

As Russian strikes destroy millions of books, Ukraine’s literary future hangs in the balance

Monday, September 21 by SRN News

KYIV, Ukraine (AP) - Seconds before the Russian drone struck, Viktor Kruglov was thinking about textbooks - tens of thousands of them, and how to get them to Ukrainian schools faster. Minutes later, a second explosive-laden Shahed drone hit, laying waste to the main hub... Read More.

US spirits maker Sazerac launches takeover bid for Germany’s Berentzen

Monday, September 21 by SRN News

Sept 21 (Reuters) - US spirits maker Sazerac on Monday launched a takeover offer for all shares of beverage firm Berentzen for €5.55 ($6.37) apiece, which is supported by Berentzen's supervisory and executive boards. The German schnapps maker confirmed talks over a potential takeover... Read More.

US coffee chain Starbucks plans global tech centre in India

Monday, September 21 by SRN News

By Praveen Paramasivam CHENNAI, Sept 21 (Reuters) - US coffee chain Starbucks has signed a pact to set up a global capability centre (GCC) in the southern Indian city of Chennai, creating roughly 800 technology jobs, the Tamil Nadu state government said on Monday. Starbucks, which... Read More.

Current Weather

Republicans target Las Vegas congressional district with help from Trump’s ‘no tax on tips’ policy

Google hit with $463 million fine for EU location data rule breach

Volkswagen, Porsche shares extend losses following profit warning

UK’s JD Sports expands into Mexico through Grupo Axo partnership

Porsche CEO assures staff no further job cuts planned, according to memo

US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss, FT reports

Morning Bid: More oil is flowing, depending on who you ask

As Russian strikes destroy millions of books, Ukraine’s literary future hangs in the balance

US spirits maker Sazerac launches takeover bid for Germany’s Berentzen

US coffee chain Starbucks plans global tech centre in India

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