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Frugality is the new cool for China’s young in a sluggish economy

BEIJING (Reuters) – Before the pandemic, Doris Hu imagined a different future for herself and her family. A new car, a bigger apartment, fine dining for the weekend, and a tropical island holiday. Instead, the 39-year-old Shanghai marketing consultant is one of many Chinese in their 20s and 30s reeling from China’s coronavirus lockdown, high … Read more

Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES (Reuters) – Biden administration officials hosted labor contract negotiations late on Sept. 14 in an attempt to avoid railroad closures that could disrupt freight shipments and disrupt food and fuel supplies. , one small union rejected the deal and Amtrak canceled the whole thing. Long haul passenger travel. Rail companies such as Union … Read more

US railroads halt grain shipments ahead of potential shutdown – Agricultural sources

CHICAGO (Reuters) – Some U.S. railroads are set to begin halting shipments of crops on Thursday, potentially halting work, sources with the Farmers Association and two grain cooperatives said on Tuesday. , threatening livestock exports and feed deliveries. Shipping disruptions could exacerbate already high inflation as farmers start harvesting fall crops that are shipped to … Read more

Biden Administration Pressures Unions, Railroads to Avoid Shutdowns

The American Chamber of Commerce building in Washington DC, USA on May 10, 2021. REUTERS/Andrew Kelly Register now for free, unlimited access to Reuters.com register WASHINGTON/LOS ANGELES (Reuters) – The Biden administration on Thursday urged railroad companies and unions to reach an agreement to avoid a railroad shutdown, saying it would have “unacceptable consequences” for … Read more

A truly self-driving car may not be possible without human help

MILTON KEYNES, England, Sept 12 (Reuters) – An autonomous vehicle (AV) start-up has raised tens of billions of dollars on promises to develop truly self-driving cars, but industry executives and Experts say a remote human supervisor may need to permanently assist a robot driver in need. The central premise of self-driving cars, that computers and … Read more

Japanese liquor companies look to non-alcoholic beverages to attract Gen Z

Register now for free, unlimited access to Reuters.com register TOKYO, Sept 12 (Reuters) – Breaking the old stereotype of the heavy drinking college student, Manaka Okamoto thinks about the next day before cracking open an alcoholic beverage. “When I have to get up early, I think, ‘Oh, maybe I should refrain from drinking,’ and I’m … Read more

EY plans to separate audit and consulting functions to ease regulatory concerns

A man speaks at the Ernst & Young (EY) booth during the China International Trade in Services Fair (CIFTIS) in Beijing, China, September 1, 2022. REUTERS/Florence Lo Register now for free, unlimited access to Reuters.com register Ernst & Young (EY) said Wednesday it plans to split its audit and consulting divisions into two companies to … Read more

Suntory Eyes US Canned Cocktail Push to Avoid Young Japanese Sake

Suntory’s Canned Cocktail – 196 Double Lemon is available at stores in Sydney, Australia on September 2, 2022. REUTERS/Sam Holmes Register now for free, unlimited access to Reuters.com register TOKYO (Reuters) – Japanese beverage giant Suntory debuted a strong lemon-flavoured beer in Australia last year that quickly became a top seller in Australia’s canned cocktail … Read more

Former Tata Sands chairman Cyrus Mistry dies in car accident

Tata Group Chairman Cyrus Mistry addresses shareholders at the Tata Consultancy Services (TCS) Annual General Meeting in Mumbai on June 28, 2013. REUTERS/Vivek Prakash Register now for free, unlimited access to Reuters.com register MUMBAI (Reuters) – Cyrus Mistry, 54, former chairman of Indian conglomerate Tata Sons, died Sunday in a road accident near the financial … Read more

Starbucks Incoming President Brings Consumer Insights to Coffee Culture

Register now for free, unlimited access to Reuters.com register LONDON (Reuters) – Laxman Narasimhan may not have run a coffee shop before, but when he takes over Starbucks as he steps down as CEO of British packaged goods group Reckitt, consumer habits will change. It will give you insight into change. While honing relationships with … Read more