List of All Articles with Tag 'world'

Sosei Group Corp. has lost over half of its market value in just three days on concern about

The Philippine stock benchmark has outperformed its developing Southeast Asian peers since President Ferdinand Marcos Jr. took office

China needs to keep cutting rates, roll out more stimulus and clarify the role it wants the private

China may need to dig deeper into its policy kit to arrest a slide in the yuan, if

China stepped in to support the yuan for a third time this week, once again signaling a limit

Hundreds of millions of euros heading into Romania during a major share offering are set to add pressure

Coal and natural gas production hubs in Australia, one of the top exporters of the fossil fuels, should

Vietnam’s economy grew better-than-expected in the second quarter, showing the trade-reliant nation still has momentum despite slowing global

Bank of Japan Governor Kazuo Ueda suggested it’s possible to start normalizing monetary policy if the BOJ becomes

Canadian investment bank Canaccord Genuity Group Inc. said it faces an investigation related to its wholesale market-making activities

The Biden administration’s proposal to crack down on vehicle pollution with strict new tailpipe emission limits isn’t reasonable

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