Mounting

Credit: Shutterstock Australian schools have been under huge pressures in recent years. On top of concerns about academic progress and staff shortages, schools have faced significant, ongoing disruptions due to COVID and major flooding disasters. In response, there has been considerable attention rightly given to students, families…

FRANKFURT—The European Central Bank raised interest rates by a half percentage point, pressing ahead with its fight against inflation despite concerns that this could exacerbate strains in the financial system.The ECB said in a statement that it would increase its key rate to 3%, the highest level since 2008, while promising to provide liquidity support to the financial system if needed. The move follows consecutive half-point rate increases in February and December. Many investors had been betting that the ECB might…

Credit: Pixabay/CC0 Public Domain The nation's leading financial regulator is facing a transparency crisis of its own. According to a new study by a University of Kansas law professor, the U.S. Securities and Exchange Commission is becoming increasingly secretive regarding some of its own activities—even as it is increasingly aggressive in demanding disclosures from private actors. …

It seems like the country’s largest carmaker Maruti Suzuki India Limited cannot stop recalling vehicles. Just a week ago the company recalled 17,362 of its vehicles including Alto K10, S-Presso, Eeco, Brezza, Baleno, and the flagship mid-size SUV the Grand Vitara. The company in its regulatory filing revealed that the recall is being undertaken to inspect and replace Airbag Controller. And a just week after this recall Maruti Suzuki has once again announced another recall. This time around the recall has been made for…

A Party City in Clifton, NJ, on Jan 16, 2023.CNBC | Mike CaliaRetailer Party City has filed for Chapter 11 bankruptcy protection in a bid to restructure its heavy debt load and keep its doors open after supply chain woes, rising inflation and a consumer slowdown took a chunk out of sales.The longtime retailer, best known for its Halloween costumes and party decorations, has been saddled by historic inflation and a shrinking market cap. It decided to move forward with bankruptcy in November after financial advisors…

3M plans to phase out “forever chemicals” over the next few years, the manufacturing giant announced today. The announcement comes as the company faces a slew of lawsuits over its toxic legacy with per- and polyfluoroalkyl substances, also known as PFAS or forever chemicals.Specifically, 3M says it will discontinue the use of forever chemicals in its portfolio of products and “exit all PFAS manufacturing by the end of 2025.” Currently, 3M nets around $1.3 billion in annual sales of PFAS it manufactures. The chemicals have…

Uber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff. Uber Technologies Inc. isn't considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncertain economic outlook, Chief Executive Officer Dara Khosrowshahi said Thursday. “No, we're in a good place,” Khosrowshahi told Bloomberg News after speaking at the Economic Club of Chicago, responding to a question about whether the ride-hailing giant will reduce…

Beyond Meat Inc. BYND -1.26% was moving into its new 300,000-square-foot headquarters in the Los Angeles area last month when it laid off about one-fifth of its workforce, the second round this year. Ethan Brown, the company’s chief executive and founder, assured employees at a town hall a day later that a more focused version of his plant-based food company would thrive. He compared Beyond to Starbucks Corp.…

Beyond Meat Inc. reported tumbling sales and growing losses in its most recent quarter, as executives said inflation added to challenges facing the plant-based food company.The California-based company reported a $102 million net loss for the three months ended Oct. 1, while revenue fell to $83 million, down 23% from the year-ago period. The revenue drop comes as the company has cut prices to boost sales during a period of steep food-price inflation, and amid what Beyond said was weaker than expected demand.…

Image via Marvel Studios Coming off the back of a banner week for Marvel news, particularly in the casting department, we’re heading straight into another one as the new few days bring the debut of Black Panther: Wakanda Forever worldwide. Nevertheless, things seem to have kicked off relatively lightly this Monday, although fans have been more creative than ever as they deduce that both the ending of Eternals and Wolverine’s return in Deadpool 3 may have even bigger consequences than first thought. Wakanda…