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For decades, alcohol sales have provided restaurants with high-margin income, often accounting for up to 30% of total revenue in fine dining. Unlike perishable food items, alcohol offers a longer shelf life and lower labor costs, making it a financial cornerstone for eateries. However, US Surgeon General Vivek Murthy’s latest warning about alcohol as a… Continue reading Alcohol warning regulations hit struggling restaurants hard: here’s what you need to know

It’s fair to say that, as far as US stock indices were concerned, last year ended on a whimper rather than a bang. Yet overall it was a fine performance for the US majors, which saw the broad-based S&P 500 gain 23% in 2024, following on from a 24% gain in 2023. This was the… Continue reading A tricky start to 2025

Asian stock markets traded mostly lower on Thursday, taking mixed cues from Wall Street amid persistent uncertainty over interest rates. The sentiment was influenced by US jobs data, which provided a mixed picture of the labour market, and Federal Reserve meeting minutes indicating a cautious stance on future monetary policy decisions. Japan’s Nikkei extends decline… Continue reading Asian stocks wobbly on Thursday: Nikkei down 1%, Hang Seng flat

Sam Altman, the head honcho at OpenAI is facing serious allegations of sexual abuse. His sister, Annie Altman, has filed a lawsuit in the US District Court for the Eastern District of Missouri, accusing him of sexually abusing her during her childhood.   The lawsuit alleges that the abuse began when Annie was three years… Continue reading Sam Altman accused by sister of sexual abuse, OpenAI CEO denies allegations

Asian stock markets exhibited a mixed performance on Wednesday, as strong US economic data clouded the outlook for rate cuts in 2025. MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.2%, reflecting a cautious trading environment across the region. Treasury yields held steady after the previous session’s sell-off, with the 10-year note auction… Continue reading Asian stocks jittery over uncertain rate outlook: Hang Seng slips over 1%,

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The Indian government has urged states to intensify surveillance for respiratory illnesses, including influenza-like illness (ILI) and severe acute respiratory infections (SARI), following the detection of seven human metapneumovirus (HMPV) cases in the country. The Health Ministry has also emphasized raising public awareness while reassuring citizens that there is “no need to panic,” according to… Continue reading HMPV virus 2025 latest update: India ramps up surveillance as cases hit seven, experts urge China to share data

JPMorgan Chase, along with other major US banks, has made a decisive move away from the Net Zero Banking Alliance (NZBA), signaling a significant shift in Wall Street’s stance on climate-related financial alliances. As of this week, JPMorgan’s exit from the NZBA marks the culmination of a larger trend, with firms like Morgan Stanley, Citigroup,… Continue reading Why are major banks like JPMorgan, Citi, and BofA leaving Net-Zero Banking Alliance?

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