US cosmetics maker Revlon files for bankruptcy

The company is suffering from supply problems but also from the inflation that is rampant in the United States. US nail polish, lipstick and perfume maker Revlon filed for bankruptcy by filing Chapter 11 proceedings to reduce its debt. In a document filed late Wednesday in a New York court, the company said the total … Read more

Fed raises rates three-quarters point, biggest hike since 1994

The US central bank now expects inflation to be 5.2% this year, down from 4.3% projected in March, and will therefore make further hikes at upcoming meetings in 2022. The central bank of the United States, surprised by the acceleration of inflation in May, at its highest for more than forty years, raised its key … Read more

In the United States, inflation, at 8.6%, worsens further

America is experiencing its most serious price spike in forty years. In May, the price index jumped 1% over one month. The hopes of the most optimistic to see inflation slow in the United States have been dashed. The consumer price index for the month of May reveals, on the contrary, an aggravation of the … Read more

why americans are always buying more guns

DECRYPTION – Despite the repetition of the killings, the Americans continue to arm themselves massively. Each mass killing pours salt into the sore of the still heated debate over gun control in the United States. The death of nineteen children and two teachers by the bullets of an 18-year-old killer in Uvalde, Texas, is yet … Read more

Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more

Biden’s Fed nominee Michael Barr downplays institution’s climate role

According to Michael Barr, “the only objective should be to understand the risks that the climate could pose to the financial system and to work” on “measures to manage these risks.” The US central bank (Fed) must understand climate risks and help banks deal with them, not determine which sectors they should or should not … Read more

solving the baby milk shortage will take a few weeks

An investigation was opened and the manufacturer points out that no trace of bacteria was found in the boxes of milk in question. Baby milk powder should reappear on store shelves in a few days in the United States but the shortage will not be resolved for several weeks, the head of the American drug … Read more

Allianz will pay 6 billion dollars to settle a litigation on fraudulent practices in the United States

It is a colossal sanction that falls on the insurance group, Allianz. The policeman of the American Stock Exchange, the SEC, announced Tuesday that the giant of the insurance Allianz had agreed to pay him more than a billion dollars to the authorities to settle a dispute relating to fraudulent practices of its subsidiary of … Read more

Buitoni apologizes for a 20 euro voucher offered to an affected family

The Nestlé brand acknowledged a mistake and said “to make sure it doesn’t happen again.” The family of a little girl contaminated with E. coli bacteria after eating a Buitoni pizza received a 20-euro voucher for this Nestlé brand, which its officials acknowledged on Monday by pleading the error. “This should not have been done … Read more

In the United States, employees in a position of strength

American companies are short of manpower. The ILWU, one of the strongest unions in the country, is in a strong position to win higher wages and better working conditions. Washington Correspondent The negotiations which have just opened between the union of 22,000 dockworkers on the west coast and the operators of the largest American ports … Read more