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Trump moves to ease cannabis restrictions - what does it mean for consumers?
Reuters· 2025-12-18 19:04
U.S. President Donald Trump said he will direct the U.S. Department of Justice to reclassify cannabis as a less dangerous drug. Here's a look at what that would mean for people shopping at dispensarie... ...
Trump moving to ease US marijuana regulations, sparking industry hopes
Reuters· 2025-12-18 18:51
U.S. President Donald Trump on Thursday said he would sign an order recommending the loosening of federal regulations on marijuana, a move that could further reverse decades of tough-on-weed policy. ...
Instacart to pay $60 million to settle FTC claims it deceived shoppers
Reuters· 2025-12-18 18:49
Core Insights - Instacart has agreed to pay $60 million to settle allegations from the U.S. Federal Trade Commission regarding misleading practices related to its Instacart+ membership and free delivery services [1] Company Summary - The settlement amount of $60 million indicates the financial implications of regulatory scrutiny on online grocery delivery platforms [1] - The allegations suggest that Instacart may have engaged in deceptive marketing practices, which could impact consumer trust and brand reputation [1] Industry Summary - The case highlights the increasing regulatory oversight in the online grocery delivery sector, emphasizing the need for transparency in membership and service offerings [1] - This settlement may set a precedent for other companies in the industry, potentially leading to more stringent compliance measures and consumer protection standards [1]
Citi clears another regulatory hurdle to fix longstanding problems
Reuters· 2025-12-18 18:44
Citigroup took another step toward fixing its longstanding compliance problems, announcing on Thursday that a U.S. bank regulator had removed part of a sweeping punishment requiring the bank to tackle... ...
Kering to buy jewellry producer Raselli Franco
Reuters· 2025-12-18 18:34
Core Viewpoint - French luxury group Kering is acquiring family-owned jewelry producer Raselli Franco Group with an initial investment of 115 million euros ($134.76 million) [1] Company Summary - Kering is expanding its portfolio in the luxury sector by purchasing Raselli Franco Group, a family-owned jewelry producer [1] - The acquisition reflects Kering's strategy to enhance its presence in the jewelry market, which is a growing segment within the luxury industry [1] Financial Summary - The initial investment for the acquisition is set at 115 million euros, equivalent to approximately 134.76 million dollars [1]
Mexico's antitrust commission resolves Android competition case, orders Google to drop restrictions
Reuters· 2025-12-18 18:18
Mexico's antitrust commission said on Thursday it had resolved a case over a lack of competition in the mobile operating system market stemming from business practices related to Android. ...
Workers strike at Brazil's Petrobras reaches high-producing pre-salt fields, says union
Reuters· 2025-12-18 17:40
A strike at Brazil's state-run oil firm Petrobras has reached workers in offshore oil platforms in the country's Santos basin, Adaedson Costa, the secretary general of local union FNP, told Reuters on... ...
VW management to continue cost cutting
Reuters· 2025-12-18 17:17
Core Viewpoint - Volkswagen's Chief Executive Oliver Blume emphasized the importance of ongoing cost-cutting measures to maintain competitiveness in the face of industry-wide challenges [1] Company Summary - Volkswagen is recognized as Europe's largest carmaker [1] - The company is actively seeking strategies to navigate and adapt to current challenges within the automotive industry [1]
What is fusion energy, the quest coveted by Trump Media?
Reuters· 2025-12-18 15:54
Scientists and companies have been trying for decades to harness fusion energy, the process that fires the sun, to generate electricity on Earth. ...
Eni and BlackRock's GIP take joint control of carbon capture unit
Reuters· 2025-12-18 15:26
Eni has completed the sale of a 49.99% stake in its carbon capture and storage unit to BlackRock's infrastructure fund Global Infrastructure Partners, giving the two groups joint control of the busine... ...