Analysis: Visa’s Amazon spat shows power is shifting to retailers in fee battle
Amazon.com Inc (AMZN.O)’s latest spat with Visa (V.N) shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company.
Barclays raises 2022 oil price view on faster inventory drawdown
Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest surplus next year.
Analysis: U.S. wants more oil, but OPEC+ can’t turn on the tap much harder
U.S. pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group: it doesn’t have much extra capacity to hike output faster, even if it wanted to.
Oil and euro slip, markets on edge over COVID-19 curbs in Europe
Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.
Dollar stands tall after firm U.S. data, Asian stocks wobble
The dollar reached a four-and-a-half-year high against the yen on Wednesday after better-than-expected U.S. retail data, which also boosted Wall Street equities, although Asian shares failed to follow suit.
Bitcoin falls more than 4% to near $60,000
Bitcoin, the world’s biggest and best-known cryptocurrency, fell more than 4% on Tuesday as it extended a decline through a week that also included an upgrade to its blockchain.
Global luxury sales set to outpace pre-COVID levels this year, Bain says
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.
Risky business: Climate change turns up the heat on insurers, policyholders
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
Corporate law’s partisan gulf widened in 2020, analysis finds
Lawyers and staff at major law firms donated nearly six times more to Democrat Joe Biden than to incumbent Republican president Donald Trump in the 2020 election, according to a new analysis of campaign contributions by University of Iowa law professor Derek Muller.
