Drug retailer Rite Aid prepares to file for bankruptcy, Wall Street Journal reports

Drug retailer Rite Aid prepares to file for bankruptcy, Wall Street Journal reports

Aug 25 (Reuters) – Rite Aid Corp (RAD.N) is preparing to file for bankruptcy in coming weeks to address lawsuits the drugstore chain is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar with the plan. Shares of the pharmacy retail chain operator closed … Read more

From Mad Men to machines? Big advertisers shift to AI

From Mad Men to machines? Big advertisers shift to AI

LONDON, Aug 18 (Reuters) – Some of the world’s biggest advertisers, from food giant Nestle (NESN.S) to consumer goods multinational Unilever (ULVR.L), are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well as the … Read more

German cabinet OKs landmark bill over legal cannabis use

German cabinet OKs landmark bill over legal cannabis use

A person dressed in a costume depicting a cannabis leaf walks among marijuana activists to mark the annual world cannabis day and to protest for legalization of marijuana, in front of the Brandenburg Gate, in Berlin, Germany, April 20, 2022. REUTERS/Lisi Niesner/File Photo Acquire Licensing Rights BERLIN, Aug 16 (Reuters) – Germany’s cabinet passed a … Read more

Typhoon Lan makes landfall in Japan, thousands urged to seek safety

Typhoon Lan makes landfall in Japan, thousands urged to seek safety

[1/4]A collapsed road near the Saji River is pictured in Tottori, western Japan, after Typhoon Lan hit the region in this photo taken by Kyodo on August 16, 2023. Mandatory credit Kyodo/via REUTERS Acquire Licensing Rights TOKYO, Aug 15 (Reuters) – Nearly 900 flights in Japan were cancelled and 240,000 people were ordered to move … Read more

Domino effect: India rice export ban puts market on edge for copycat curbs

Domino effect: India rice export ban puts market on edge for copycat curbs

India’s rice export ban leaves 10 mln T of world supply gap Rival rice suppliers could raise exports by 3 mln T Other producers may limit exports as local prices rally Tighter global supplies to heighten food inflation worries MUMBAI, Aug 11 (Reuters) – India’s rice export ban has the world market bracing for similar … Read more

US trucking company Yellow shuts down operations, Wall Street Journal reports

US trucking company Yellow shuts down operations, Wall Street Journal reports

July 30 (Reuters) – The Teamsters said on Sunday that the union was served a notice that Yellow Corp (YELL.O) is ceasing operations and filing for bankruptcy. “Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,” … Read more