Exchange offices in Istanbul, Turkey seen on October 28, 2020. Due to the increase in exchange rates and the economic instability, people change currency and buy Turkish lira.Erhan Demirtas | NurPhoto via Getty ImagesTurkey's lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country's central bank chief — the third to…
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(CNN)Texas Roadhouse founder and CEO Kent Taylor died Thursday, according to a post on the restaurant chain's Facebook page. He was 65."Our community and the restaurant industry lost a legend and the Taylor family lost a wonderful son, father and grandad this week," said a joint statement from Taylor's family and Texas Roadhouse sent to…
Please NoteThe Washington Post is providing this important information about the coronavirus for free. For more free coverage of the coronavirus pandemic, sign up for our Coronavirus Updates newsletter where all stories are free to read.Global distribution of the AstraZeneca coronavirus vaccine remains undisturbed by the shot’s suspension in much of Europe following reports of…
Xpeng CEO He Xiaopeng stands next to the company's P7 electric sedan as he addresses media at the 2020 Beijing auto show.Evelyn Cheng | CNBCBEIJING — Chinese electric car maker Xpeng forecast it will deliver far fewer cars than rival start-up Nio in the first three months of the year.New York-listed Xpeng announced overnight it…
A GameStop store in the Koreatown area of Los Angeles. Jim Bell, the company’s chief financial officer, who joined the company in mid-2019, is leaving.Credit...Philip Cheung for The New York TimesGameStop’s chief financial officer, Jim Bell, is leaving the company in late March, following a stock-trading frenzy that briefly sent shares in the video game…
Hong Kong (CNN Business)HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between the United Kingdom and China. It's also bringing back its dividend, a sign that it's optimistic about its ability to navigate the year ahead. The…
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction…
Walmart Inc. said it would raise wages for about 425,000 of its employees after a year in which the Covid-19 pandemic boosted its business and demand for workers who handle online orders. The company reported strong holiday sales but predicted slower growth and higher spending this year. U.S. comparable sales, or those from stores and…
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