First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Drought-affected Kenyan herders save wildlife – and their livelihoods

Drought drives animals into villages to eat crops and attack livestock Communities and private landowners participate in the protection of wildlife As agriculture poses a threat to biodiversity, reserves are growing OLCHORO OIROWUA VILLAGE, Kenya, Aug. 15 (Thomson Reuters Foundation) – When Robert Nambaso and more than 30 other Maasai herding families leased some of … Read more

Texture deepens rush to China, undeterred by stagnation of luxury goods market

SHANGHAI (Reuters) – Baoji, a northwestern Chinese industrial city of 3 million people, doesn’t fit most people’s idea of ​​a luxury market. However, sometime soon, it will be home to US brand Coach store. The store is one of 30 stores in China that train Tapestry Inc (TPR.N) Jan Buzek, president of the company in … Read more

Bad report cards in US companies raise recession fears

Oct 25 (Reuters) – US technology giants Alphabet (GOOGL.O) and Microsoft (MSFT.O) for General Electric (GE.N) and game maker Mattel (MAT.O) On Tuesday, it reported a significant slowdown in growth or warned that things were only going to get worse, sparking recession fears and sending stocks lower. The series of disappointing results point to a … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

To tackle the kimchi crisis, South Korea is draining huge cabbage warehouses

SEOUL (Reuters) – South Korean kimchi manufacturers are in deep pain — prices have plummeted as a climate change-caused cabbage shortage has driven prices up this year, compounding the damage from cheap offerings from Chinese rivals. Such is the sense of crisis surrounding the spicy, pickled side dish eaten daily by many Koreans that is … Read more

Exclusive Twitter brands post ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaign or removed their ads from parts of Twitter because their promotional ads appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s … Read more

Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Frugal is the new cool style for young Chinese at a time when the economy is faltering

BEIJING (Reuters) – Before the epidemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, and fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old Shanghai marketing consultant is one of many Chinese in their 20s and 30s who are cutting spending and providing … Read more