Markets
EU tones down post-Brexit limits on London trading after rebuke
While this is a step in the right direction, the FCA highlights that even the new approach will cause some disruption. Many EU shares have both a listing and their main market in the United Kingdom, the regulator said, meaning a rule to stop them being traded in London would damage "a company's access to investors and freedom to choose where they seek a listing on a public stock market". [Full Article...]
Ben & Jerry's wants to make a CBD infused ice cream
On Thursday, Ben & Jerry's confirmed that the company is "committed" to providing its customers with cannibiniol-infused offerings "as soon as it's legalized" by the federal government for the use in foods. The announcement came one day before the FDA's first public summit on CBD, during which FDA officials will hear arguments for the legalization of cannibiniol. [Full Article...]
Regarding Today's FDA Hearing On Cannabis-Derived Compounds
CBD dietary supplements, a broad category that includes numerous most popular CBD products, like capsules and oils, are now illegal under the FDA's rules. At the public hearing on Friday, a number of interested parties are set to speak, including doctors, consumers, and industry insiders, many of whom are hoping to finally have some clarification from the FDA on what they can, and cannot do with... [Full Article...]
Sir Philip Green's Arcadia closing a further 25 stores in UK
That means the UK-based company will have protection from their creditors after Arcadia Group listed its assets as $53 million and their total debt as a staggering $179 million. will also shut. As part of the plan to save the chain, Lady Green, ultimate owner of Arcadia and Sir Philip's wife, has offered landlords a 20% stake of any proceeds if the group is eventually sold. [Full Article...]
Britain, Canada worry over Hong Kong extradition 'risk'
Foreign Secretary Jeremy Hunt expressed concern on Thursday about the impact the proposal would have on British citizens in Hong Kong and the territory's reputation as an worldwide hub in a joint statement with his Canadian counterpart, Chrystia Freeland. [Full Article...]
90,000 USB cables sold at Target recalled for shock, fire hazard
In addition, the company received two reports of consumers suffering finger burns thanks to the charging cables. Two other consumers said they got finger burns when they touched the cable, CPSC reported. of Eden Prairie, Minnesota and are distributed by Target. The metal charging cable is purple, green and blue iridescent. The cables were sold at Target stores and target.com between June 2018 an... [Full Article...]
1,000 Family Dollar locations to sell alcohol to boost sagging sales
The products, referred to as Dollar Tree Plus!, will be offered at 100 locations. Dollar Tree bought Family Dollar in 2015. However, it's doubtful the sale price of the alcoholic drinks will keep in step with Family Dollar's $1 price point, USA Today reports. [Full Article...]
Explained: What is the fallout of a reduced GDP growth rate
This is the slowest GDP growth rate in five years, due to poor performance in agricultural and manufacturing sectors. Spending during the financial year was Rs 23.1 trillion, against the revised target of Rs 24.1 trillion. The slowdown and the low GDP figures do not come as a surprise, as the finance ministry had itself said so in its monthly report for March. The GDP had expanded by 7.1 perce... [Full Article...]