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White House cheers ‘Bidenomics’ as inflation rises by only 0.2%
White House cheers ‘Bidenomics’ as inflation rises by only 0.2%
The Bureau of Labor Statistics reported that inflation ticked up by only 0.2 per cent in June and had its lowest 12-month increase in more than two years in a welcome turn of events for President Joe Biden. The Consumer Price Index for All Urban Consumers showed that inflation rose 0.2 per cent last month after it had only ticked up 0.1 per cent in May, in a sign that inflation is easing up. Meanwhile, the all-items index rose 3.0 per cent for the past twelve months ending in June, its lowest 12-month increase since March of 2021.
2023-07-12 21:46
Foundations buoy a new movement of renters’ activism
Foundations buoy a new movement of renters’ activism
After years of rising rents, a group of Kansas City, Missouri, renters came together in 2019 to form KC Tenants, armed with an annual budget of $30,000 and demands for a bill of rights to protect renters from rising prices, unjust evictions, and landlord abuse
2023-06-22 02:21
After 99% Stock Rout, Debt-Stricken Thai Firm Stark Seeks Way to Avoid Delisting
After 99% Stock Rout, Debt-Stricken Thai Firm Stark Seeks Way to Avoid Delisting
Stark Corp., the Thai industrial cable maker at the center of an accounting scandal and debt default that
2023-06-29 12:22
Going to college? Here's what you should know about student loans
Going to college? Here's what you should know about student loans
If you’re heading to college or starting to think about where you’d like to apply, you’re probably considering options for funding your education
2023-08-16 00:57
Analysis-Argentina investors see silver lining in Milei election shock
Analysis-Argentina investors see silver lining in Milei election shock
By Rodrigo Campos NEW YORK Investors in Argentina's financial markets, where bonds and the peso slid on Monday
2023-08-15 13:18
Best Buy sales drop smaller than expected as discounts drive demand
Best Buy sales drop smaller than expected as discounts drive demand
(Reuters) -Top U.S. electronics retailer Best Buy Co Inc on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as
2023-08-29 19:24
UBS to announce changes to next management level soon - CEO
UBS to announce changes to next management level soon - CEO
ZURICH (Reuters) -UBS will announce further changes to its management as it seeks to integrate Credit Suisse following the recent
2023-06-27 16:25
Restaurant introduces ‘minimum spend’ that will see solo diners pay double to eat alone
Restaurant introduces ‘minimum spend’ that will see solo diners pay double to eat alone
A restaurant in London has sparked criticism over its decision to introduce a minimum spend next month that will see solo diners charged double for their meals. In August, Alex Dilling at Hotel Café Royal, which boasts two Michelin stars, will increase the prices of its tasting menus. Currently, a five-course tasting menu costs £125 per person, while it’s £175 for seven courses. However, from 17 August, the restaurant will increase its prices by 11 per cent, bringing five courses to £165 and seven courses to £195. This is due to an increase in supplier costs and rising staff shortages in London, due to Brexit, that has put pressure on the business. For those dining alone, though, the new minimum spend means solo visitors could be charged a minimum of £330 to visit the restaurant due to the volume of requests they receive. However, the restaurant confirmed that they keep one to two tables for solo diners for every service without the minimum spend. So solo diners who book within 24 to 48 hours of their required booking time could be able to swerve the minimum spend depending on whether those tables are available at the time. Nonetheless, the initiative sparked outrage on Twitter, with commenters quick to point out the joys of dining alone, and how solo diners are often stigmatised. “F*** the Hotel Café Royal then… Solo dining is one of life’s great pleasures,” tweeted one person. “Oh great news. Yet another penalty for being single,” another added. Hugh Smithson-Write, who works in restaurant PR, tweeted: “A classic example of making the customer the problem, rather than finding a solution. “If you get ‘many solo diner requests’ how about you reconfigure your dining room to accommodate that and maximise the revenue? This is the very opposite of hospitality!” Victoria Sheppard, chief executive at Alex Dilling at Hotel Café Royal, told The Independent: “Since achieving our two Michelin stars the demand for solo dining has increased dramatically and whilst we make every effort to accommodate solo diners, we also have to be considerate to the running costs of our business. “That said, we are increasing our opening hours from 17 August and will be able to accommodate more solo diners (without any discretionary minimum spend). 95 per cent of our solo diners requesting tables since we implemented a discretionary minimum spend when we are at capacity for solo diners have been more that happy to proceed with their booking, enjoying wine pairings or champagne of wine alongside their meal. “Nightclubs in our local vicinity have minimum spends for tables or hotels you pay the same price whether one guest or two which is never under dispute.” Read More Michelin star chef Marcus Wareing gives controversial answer to the best pizza in London Tom Kerridge addresses backlash to his £35 fish and chips at Harrods: ‘They shout at me’ Chef defends viral chicken recipe after TikTok backlash: ‘PSA to the seasoning police’ Restaurant with ‘tips are a privilege’ policy sparks intense backlash on social media Cher is launching a gelato brand called ‘Cherlato’ Popeyes widely mocked for attempt to join ‘girl dinner’ trend
2023-07-24 16:20
India’s MRPL Shelves Refinery Growth to Focus on Chemicals Bet
India’s MRPL Shelves Refinery Growth to Focus on Chemicals Bet
India’s Mangalore Refinery and Petrochemicals Ltd. shelved a planned refinery expansion to focus on boosting its petrochemical production
2023-06-07 12:16
Amazon again cited by US regulators over worker safety
Amazon again cited by US regulators over worker safety
By Daniel Wiessner The U.S. workplace safety regulator said Amazon.com Inc has subjected workers at yet another of
2023-08-04 22:26
Greek islanders refuse to throw in the towel over sunloungers
Greek islanders refuse to throw in the towel over sunloungers
Greek islanders are fed up this summer -- not with the holidaymakers that flock to their beaches but with the hawkers who cram the sands with sunloungers and parasols, to the point where it's sometimes impossible...
2023-08-14 20:20
Morgan Stanley cuts Israel sovereign credit to
Morgan Stanley cuts Israel sovereign credit to "dislike stance" after judiciary changes
By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a "dislike stance" on Tuesday after the country's
2023-07-25 21:56