A U.S. appeals court on Thursday blocked a San Francisco law requiring health warnings on advertisements for soda and other sugary drinks in a win to the American beverage industry which fought the requirements in court.
The 11 judges of the 9th U.S. Circuit Court of Appeals in a unanimous decision said the city’s ordinance violated commercial speech protected under the U.S. Constitution.
U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite a darkening outlook that has left the Federal Reserve wary about more interest rate hikes this year.
The Labor Department’s closely watched monthly employment report on Friday showed no “discernible” impact on job growth from a 35-day partial government shutdown. But the longest shutdown in history, which ended a week ago, pushed up the unemployment rate to a seven-month high of 4.0 percent.
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility in Texas, three people familiar with the transaction said.
ConocoPhillips, the third partner in the existing terminal, plans to sell its 12.4 percent stake in the project and does not plan to participate in the expansion, the people said.
Guaido told Reuters he had sent communications to both powers, which are Venezuela’s top foreign creditors and support Maduro in the U.N. Security Council despite worries about the cash-strapped country’s ability to pay.
The 35-year-old leader argued that Russia and China’s interests would be best served by switching the side they back in Venezuela, an OPEC member which has the world’s largest oil reserves but is in dire financial straits.
The bankruptcy of major California utility PG&E Corp as a result of over $30 billion in costs from California wildfires sparked by the state’s prolonged drought will likely prompt more companies to discuss how they will respond to the effects of climate change on their businesses.
Already, the trend is increasing.
Nearly 50 companies mentioned climate change as a factor in their risk outlook or strategic decision-making on corporate earnings calls with analysts and investors over the last 12 months, more than double the number of companies discussing climate change 4 years ago, a Reuters analysis found.
“The strategies that we’ve used up until now just haven’t been effective,” Mary Nichols, the head of the California Air Resources Board, told Reuters.
That failure has less to do with energy or environmental policies and more with decades-old urban planning decisions that made California – and especially Los Angeles – a haven for sprawling development of single-family homes and long commutes, according to state officials.
California’s struggle bodes poorly for other major U.S. cities with similar sprawl and expensive urban housing – such as Houston, Atlanta, and others that planned their cities around cars – and casts doubt on whether the United States can meet its pledged carbon cuts under an international agreement to fight climate change.
The Federal Reserve’s policy twist on Wednesday might seem just what the White House ordered, with a hold put on what President Donald Trump termed “loco” interest rate hikes, and an openness to ending the monthly runoff of up to $50 billion from the U.S. central bank’s balance sheet.
But the story the Fed is telling about the economy should give the Trump administration pause.
It isn’t the narrative of rebounding investment, higher productivity, and surging growth that administration officials offer, but one of shaky confidence, an economic recovery that may not be as sturdy as it seems, and risks that partly stem from Trump’s own actions.
India’s revised e-commerce rules caused widespread disruption on Amazon’s India website when they kicked in on Friday, forcing the company to take down its key grocery service and remove a wide range of products such as sunglasses and floor cleaners.
India’s new e-commerce investment rules bar online retailers from selling products via vendors in which they have an equity interest, and also from making deals with sellers to sell exclusively on their platforms.
Numerous items sold by Amazon vendors such as Cloudtail, in which Amazon holds an indirect equity stake, were no longer available on its India site. Amazon Pantry, a grocery service primarily managed by company affiliates, was also discontinued, though grocery products could be purchased individually.