A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach.
Category: Politics and Government
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China Lengthens Visa-Free Stays for Tourists
In its efforts to attract visitors, the country extended stays from less than a week to up to 10 days for visitors between destinations.
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Elon Musk and SpaceX Face Federal Reviews After Violations of Security Reporting Rules
Federal agencies have opened at least three reviews into whether the company and its leader complied with disclosure protocols intended to protect state secrets, people with knowledge of the matter said.
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Biden Prepares to Target Chinese Legacy Chips With Trade Investigation
The investigation could result in tariffs on older types of chips from China, though the decision would ultimately fall to Trump.
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Milei Tames Inflation in Argentina With Painful Policies, Sparking Applause and Anger
A year after becoming president, Javier Milei has been praised inside and outside Argentina for reining in galloping inflation. But his economic policies have inflicted widespread hardship.
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Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.
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France’s Prime Minister Michel Barnier Loses No-Confidence Vote
Prime Minister Michel Barnier will most likely remain as a caretaker until a replacement is named. But the vote could further unsettle credit markets and create a wider opening for the far right.
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Collapse of France’s Government Further Burdens Its Weak Economy
Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget.
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Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.