Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. The company plans to continue operating and will seek court approval for a sale, it said just before midnight on Tuesday. The company is seeking bankruptcy protection amid growing struggles to revitalize its business. Tupperware sales growth improved … Read more
LONDON — Google won a court challenge on Wednesday against a 1.49 billion euro ($1.66 billion) European Union antitrust fine imposed five years ago that targeted its online advertising business. The EU’s General Court said it was throwing out the 2019 penalty imposed by the European Commission, which is the 27-nation bloc’s top antitrust enforcer. … Read more
Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships. The International Longshoremen’s Union is demanding significantly higher wages and a total ban on … Read more
WASHINGTON — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual air of uncertainty … Read more
SPRING VALLEY, Sri Lanka — Whoever Sri Lanka’s next president is, Muthuthevarkittan Manohari isn’t expecting much to change in her daily struggle to feed the four children and elderly mother with whom she lives in a dilapidated room in a tea plantation. Both leading candidates in Saturday’s presidential election are promising to give land to … Read more
TOKYO — Japan posted a trade deficit for a second straight month in August, the Finance Ministry said Wednesday, despite signs of sluggish consumer spending that weighed on imports. Japan’s trade deficit totaled 695 billion yen, or $4.9 billion, down 26% from a year earlier, the ministry said. Exports totaled 8.4 trillion yen ($59 billion), … Read more
K0TWA, Zimbabwe — Since childhood, Loveness Bhitoni has collected fruit from the gigantic baobab trees surrounding her homestead in Zimbabwe to add variety to the family’s staple corn and millet diet. The 50-year-old Bhitoni never saw them as a source of cash, until now. Climate change-induced droughts have decimated her crops. Meanwhile, the world has … Read more
ALBUQUERQUE, N.M. — The U.S. Department of Energy announced Tuesday that it is teaming up with yet another energy company as part of a mission to transform portions of government-owned property once used for the nation’s nuclear weapons program into prime real estate for renewable energy endeavors. The federal agency will be negotiating a lease … Read more
DUBAI, United Arab Emirates — DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels shot down two American MQ-9 Reaper drones in under a week, the United States military acknowledged Wednesday, further highlighting the regional spread of the Israel-Hamas war. As the one-year anniversary of the war approaches, Houthis continue a campaign to target ships … Read more
TOKYO — Asian shares were mostly higher Wednesday as markets focused on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years. The Bank of Japan and the Bank of England are also holding monetary policy meetings later this week. But neither central bank is expected to move on … Read more