Global Business

Strategy

Danone Announces Job Cuts, Restructuring

The consumer goods company says it is reshaping itself as a “local-first” organization.

William Sprouse
November 23, 2020
Regulation

EU Charges Amazon With Antitrust Violations

Regulators say Amazon illegally uses nonpublic data that it collects from sellers on its retail platform to boost sales of its own-label products.
Workplace Issues

Apple Rebukes Supplier for Labor Code Violations

The company's decision to put Taiwan's Pegatron on probation underscores the “challenge facing Apple as it seeks to address abuses in its supply chain."
Global Business

Will U.S.-China Relationship Improve Under Joe Biden?

“Both sides are under pressure to maintain a hawkish stance as domestic politics don't allow for yielding ground to someone else.”
M&A

Nestlé Buys Prepared Meal Delivery Service

Target Freshly delivers more than 1 million meals per week and is expected to end 2020 with sales of $430 million.
The Economy

Starbucks Changing Format of Business District Stores

CEO Kevin Johnson says store traffic is down in central business districts but up in the suburbs.
Global Business

Ford Earnings Beat Estimates; China Growth, Ford Credit Highlighted

“We know that there’s huge value to be unlocked as we turn around our automotive operations," said new CEO Jim Farley.
Global Business

Bank of England Boosts Bond-Buying Program

The bank will purchase another 150 billion pounds in bonds to shore up the U.K. economy as the country enters a second lockdown.
Tax

Revitalizing the Global Economy Requires Outside-the-Box Thinking

Countries will not be able to tax their way back to prosperity, so it’s time for leaders to find other solutions.
Global Business

China’s Economy Grows Nearly 5%

“China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus.”
M&A

Caesars Confirms $3.7B Offer For William Hill

Caesars said it plans to sell William Hill’s non-U.S. businesses, including 1,400 U.K. betting shops.
Technology

Ant Group Launches Cross-Border Trade Platform

"We look forward to making cross-border trading safer, more reliable, and more efficient for buyers and sellers."
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