At a Paris Market, Costs Rise, Even for the Humble Baguette

PARIS — At the Marché d’Aligre, a bustling open-air food and antiques market in the Bastille district of central Paris, Mohamed Sharif grabbed a piece of chalk and reluctantly marked up the price of the fragrant Valencia clementines that he sells to throngs of shoppers. Transport costs for produce imported to France had more than … Read more

It’s One Deal for Elliott, Another Deal for the Rest

On Tuesday, Rocket produced a fresh buyback offer at some 35 euros a share. But there’s a catch: Investors can sell only 25% of their shares to the company. Elliott, however, has a get-around enabling it to jettison 100% of its stock. Recall that the Samwers’ investment vehicle isn’t selling but is technically entitled to have the … Read more

How China’s CATL Became the Top Electric Car Battery Maker

CATL’s initial public offering in 2018 made Mr. Zeng and two CATL vice chairmen, who together own a 40 percent stake, rich. Other early investors, some with deep political connections, did well, too. The company’s success was never assured, but China had let the world know that it planned to dominate the electric vehicle industry. … Read more

UK offers $1.3B to hospitality businesses hurt by Omicron

Britain announced $1.3 billion in grants and other aid to help the hospitality industry survive the onslaught of the Omicron variant of COVID-19, bowing to days of pressure from pubs, restaurants and other businesses that have seen their income plunge following public health warnings. Businesses in the hospitality and leisure sectors in England will be eligible for … Read more

Britain Offers $1.3 Billion in Aid to Hospitality and Leisure Sector

The government hasn’t required hospitality businesses to shut, but new measures in England, such as asking people to work from home and requiring Covid passes for large events, were announced nearly two weeks ago and have led to Christmas party cancellations and fewer people socializing outside their homes. Last week, England’s chief medical officer encouraged … Read more

Nikola to Settle S.E.C. Case for $125 Million

The fledgling electric truck manufacturer Nikola agreed to pay $125 million to settle an investigation into allegations that the company and its founder defrauded investors by making misleading claims about its products and technology, securities regulators said on Tuesday. Nikola is settling the case, with the Securities and Exchange Commission, nearly five months after federal … Read more

Several ‘Nutcracker’ Performances Canceled as Virus Halts Holiday Shows

New York City Ballet canceled its performances of “George Balanchine’s The Nutcracker” on Tuesday and Wednesday after several people involved in the production tested positive for the coronavirus, in the latest sign of how the surge in cases is disrupting attempts to bring back some of the city’s most beloved holiday performances. As the production, … Read more

Subway exploited immigrants and victimized franchisees: lawsuit

Subway’s massive chain of sandwich shops has become a hotbed of financial exploitation for overseas immigrants, victimizing those it has tapped as franchisees and even driving some to ruin, an explosive lawsuit claims. For years, the fast-food giant has recruited immigrants, mostly from Asia, to expand a US chain that a decade ago had spanned … Read more