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Ueda Says More Confidence in 2024 Prices Needed For BOJ Shift
Ueda Says More Confidence in 2024 Prices Needed For BOJ Shift
Bank of Japan Governor Kazuo Ueda suggested it’s possible to start normalizing monetary policy if the BOJ becomes
2023-06-29 10:21
Canaccord May Face ‘Significant Penalty’ in Market-Making Probe
Canaccord May Face ‘Significant Penalty’ in Market-Making Probe
Canadian investment bank Canaccord Genuity Group Inc. said it faces an investigation related to its wholesale market-making activities
2023-06-29 10:18
Carmaker Lobbying Group Pushes Back on EPA Pollution Curb Plan
Carmaker Lobbying Group Pushes Back on EPA Pollution Curb Plan
The Biden administration’s proposal to crack down on vehicle pollution with strict new tailpipe emission limits isn’t reasonable
2023-06-29 09:57
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
Anheuser-Busch boss says no regrets over Dylan Mulvaney’s Bud Light ad despite uproar on right
The CEO of Anheuser-Busch InBev, the parent company of Bud Light, said the beer should be about bringing people together after it faced months of backlash following its brief partnership with transgender influencer Dylan Mulvaney. In an appearance Wednesday on the programme CBS This Morning, CEO Brendan Whitworth said the company has become entangled in “divisive” conversations it should not be a part of. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive,” Mr Whitworth said. “And Bud Light really doesn’t belong there. Bud Light should be all about bringing people together.” At the moment, that is not what’s happening. Bud Light last month lost its spot at the top of the beer sales charts to Modelo as some conservative customers continue to boycott the beer following the advertisements featuring Ms Mulvaney. Mr Whitworth declined to answer directly when asked whether the campaign featuring Ms Mulvaney was a mistake. “There’s a big social conversation taking place right now, and big brands are right in the middle of it and it’s not just our industry or Bud Light,” Mr Whitworth said. “It’s happening in retail, happening in fast food. And so for us what we need to understand — deeply understand and appreciate — is the consumer and what they want, what they care about, and what they expect from big brands.” Despite being given ample opportunity to do so, Mr Whitworth did not directly defend the corporation’s decision to partner with a trans influencer or to support the trans community more broadly at a time when that community is facing a barrage of legislation targeting its rights in states across the country. “Bud Light has supported LGBTQ since 1998, so that’s 25 years,” Mr Whitworth said. “And as we’ve said from the beginning, we’ll continue to support the communities and organisations we’ve supported for decades. But as we move forward, we want to focus on what we do best: which is brewing great beer for everyone.” The controversy over corporations’ politics is not limited to Bud Light. Disney, Target, Nike and a number of other brands have also been the target of the right’s ire in recent years for taking stances on social issues at odds with conservatives. Target recently announced its decision to remove some Pride month merchandise from its stores after facing criticism from conservatives for its relative support of the LGBTQ+ community. The Starbucks Workers Union, meanwhile, accused Starbucks of restricting Pride decorations from certain stores. Read More I came out as a teen in the 90s — there’s still a long road ahead for LGBT+ youth Starbucks workers at 150 stores to strike over alleged ban on Pride decor
2023-06-29 09:52
Yellen Says She Hopes to Meet New Leaders on Possible China Trip
Yellen Says She Hopes to Meet New Leaders on Possible China Trip
US Treasury Secretary Janet Yellen said one of the reasons she hopes to travel to China is to
2023-06-29 09:50
Foreigners Unload Japanese Stocks for First Time in 13 Weeks
Foreigners Unload Japanese Stocks for First Time in 13 Weeks
Foreign investors sold a net 544 billion yen ($3.77 billion) of Japanese stocks last week, their first net
2023-06-29 09:26
Argentina announces over $1 billion in credit from World Bank, IDB
Argentina announces over $1 billion in credit from World Bank, IDB
BUENOS AIRES The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over
2023-06-29 09:00
Oil Steadies After Big Drop in US Stockpiles Boosts Optimism
Oil Steadies After Big Drop in US Stockpiles Boosts Optimism
Oil steadied in Asia after a big decline in US crude stockpiles provided some optimism for a market
2023-06-29 07:56
ChatGPT Creator OpenAI Sued for Theft of Private Data in ‘AI Arms Race’
ChatGPT Creator OpenAI Sued for Theft of Private Data in ‘AI Arms Race’
ChatGPT creator OpenAI Inc. is stealing “vast amounts” of personal information to train its artificial intelligence models in
2023-06-29 07:49
Irish GDP Growth to Stall as Pharma Exports Weaken, ESRI Says
Irish GDP Growth to Stall as Pharma Exports Weaken, ESRI Says
Ireland’s economy will grow at a slower pace than previously thought in 2023 due to weakening exports and
2023-06-29 07:25
Venezuela’s Machado to Present Debt Refinancing Plan in New York
Venezuela’s Machado to Present Debt Refinancing Plan in New York
Venezuela’s leading opposition candidate, María Corina Machado, will present her economic plan, including a debt restructuring proposal, to
2023-06-29 06:54
Dockworkers in Western Canada Plan Strike July 1 as Pay Talks Fail
Dockworkers in Western Canada Plan Strike July 1 as Pay Talks Fail
The union representing about 7,200 dockworkers at Canada’s western ports said members plan to strike July 1 after
2023-06-29 06:24
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