Business

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken on March 6, 2023. JERUSALEM (Reuters) — U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever …

LONDON (Reuters) — Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world’s most influential interest rate setter that the tightening cycle may not be over yet. Meanwhile, the European Ce…

Cans of AB InBev’s Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, Oct. 21, 2020. (Reuters) — Anheuser-Busch InBev’s Bud Light has lost its top spot in the U.S. beer market to Constellation Brands’ Modelo Especial, following backlas…

CMA CGM Foundation, the CMA CGM Group’s philanthropic arm, has launched a disaster relief effort in response to Typhoon Mawar that impacted Guam and Rota in the Northern Mariana Islands. The Foundation is coordinating efforts to mobilize resources through Group subsidiary, American President Lines …

HONOLULU (BoH) — Bank of Hawai‘i Foundation has announced a contribution of $30,000 for the American Red Cross Pacific Islands Region to help relief efforts underway following Typhoon Mawar. “As a longtime member of the Guam community, it’s difficult to witness and experience the devastation from T…

NEW YORK (Reuters) — Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making it a tough sell for the global sandwich chain. Several multi-unit operators – the more sophisticated, financially …

(Reuters) — Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America. Tech companies including Meta Platforms have been slashing jobs after aggressively hiring during the pandemic,…