Citigroup CEO Jane Fraser says low-income consumers are more cautious

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest U.S. credit-card issuers, said she is seeing a “K-shaped consumer.” That means the affluent continue to spend, while lower-income Americans have become more cautious with … Read more

How the single-sex toilet law in England will work | Society

Ministers have announced plans that new non-domestic buildings in England must have single-sex toilets. Here we explain how the new law would work and what has motivated it. What will the new law require? New non-domestic buildings, including restaurants, shopping centres, offices and public toilets, will have to have separate facilities for men and women, … Read more

stock boom: ETMarkets Fund Manager Talk: Earnings risk can disrupt stock boom, says Vinit Sambre of DSP Mutual Fund

With Nifty and Sensex trading close to all-time peak levels, Vinit Sambre, Head-Equities, DSP Mutual Fund, says there are looming risks to earnings growth over the upcoming quarters, primarily due to persistently weak consumption trends and the possibility of reduced government spending during election periods. “Given the elevated expectations and rich valuations, there is no … Read more

Vogue owner Condé Nast averts union walkout with deal on day of Met Gala | Business

Workers at Condé Nast, the media empire behind Vogue, Vanity Fair and GQ, announced a tentative agreement has been reached for a first union contract after threatening to stage a walkout during the Met Gala on Monday evening. The Condé Nast Union, which represents about 540 editorial workers, has been bargaining for a union contract … Read more

e-rupee: Permanent deletion of transactions can help make e-rupee anonymous: Shaktikanta Das

Governor Shaktikanta Das on Monday said that permanent deletion of transactions can make the e-rupee or central bank digital currency (CBDC) become anonymous and make it at par with paper currency. Speaking at the BIS Innovation Summit, Das said India is also working on making the CBDC transferable in the offline mode along with introducing … Read more

From sporrans to chandeliers: King Charles and Queen Camilla weigh up new royal warrants | Business

On first glance the list of prestigious brands reads like the wedding gift registry of a wealthy eccentric. Moët & Chandon is one of eight acceptable champagnes for the ice bucket on the (Steinway) piano. The fashion stakes are high, too, with the posh trenchcoat purveyor Burberry, the Savile Row tailor Gieves & Hawkes, and … Read more