Krispy Kreme Inc’s shares soared in their first day of trading, giving the doughnut chain a much-needed lift a day after it was forced to downsize its initial public offering. The stock reversed an early decline to jump as much as 26% to $20.58 a […]
Day: July 1, 2021
Robinhood’s IPO filing reveals surging loss after profitable 2020
Robinhood Markets Inc. filed for an initial public offering, disclosing it became profitable last year only to have its losses jump in the first quarter, in one of the most high-profile upcoming listings of the year. The company, which pitches its trading platform to novice […]
Iran names hardline cleric as top judge amid calls for probe
Iran’s supreme leader promoted a hardline Muslim leader to serve as head of the judiciary amid international calls for investigations into allegations of abuses. Gholamhossein Mohseni Ejei, now the judiciary’s deputy head, will replace Ebrahim Raisi who takes office in August as president after winning […]
Oil climbs 2% as OPEC+ considers output hikes, demand surges
Oil prices continued to climb on Thursday as press reports suggested that OPEC+ is considering a two-million-barrel-per-day (bpd) output hike from August through December – but the deal was thrown into disarray after the United Arab Emirates blocked a plan for an easing of cuts […]
Will Eswatini’s king respond to calls for democracy?
King Mswati III says Taiwan President Tsai Ing-wen sent antiviral medication, which he didn’t name, to help him recover. Article source: https://www.aljazeera.com/program/inside-story/2021/7/1/will-eswatinis-king-respond-to-calls-for-democracy
Trump Organization, CFO plead not guilty to tax fraud scheme
The Trump Organization and its longtime chief financial officer pleaded not guilty to fraud and theft charges in the first criminal case to emerge from a years-long investigation of former President Donald Trump and his business dealings. Chief Financial Officer Allen Weisselberg and lawyers for […]
Russia, China, Turkey among those cited in US trafficking report
A US State Department report called out the governments of Myanmar, China and Russia for their patterns of trafficking and forced labour and saying in the Chinese province of Xinjiang “the government is the trafficker” citing “a mass detention and political indoctrination campaign against Uighurs, […]
Africa’s COVID threat hits ‘new level’ as Delta variant spreads
Monrovia, Liberia – Driving past warehouses and overgrown walls, an ambulance pulls up at a side entrance of a former medical centre at a disused United Nations military base in Liberia’s capital, Monrovia. The site has been rehabilitated and spruced up to serve as the […]
US wins backing for global minimum corporate tax rate
Officials from 130 countries and jurisdictions have thrown their support behind the United States’ proposal to require a minimum global tax for corporations starting at 15 percent, a key step in curbing corporate tax avoidance and a major victory for the administration of US President […]
Bezos taps aerospace pioneer Wally Funk for Blue Origin flight
Blue Origin’s Jeff Bezos has chosen a female early aerospace pioneer — an 82-year-old pilot denied astronaut wings decades ago because of her gender — to rocket into space with him in just three weeks. His company announced Thursday that Wally Funk will be aboard […]