Peter Aitken
Fox Business
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Recent articles by Peter:
Shell posts highest profits in company history as oil, gas prices remain high following Ukraine invasion
Shell Global, along with ExxonMobil and Chevron, have announced profits in excess of double their FY 2021 totals thanks to high gas prices after sanctions on Russia. → Read More
Over 1 million French workers strike against effort to raise retirement age
French President Emmanuel Macron plans to increase the age of retirement from 62 to 64 in a bid he claims will add 17.7 billion euros per year in annual pension contributions. → Read More
China sets Marvel release dates following 3-year absence in test of market power: report
Marvel movies have faced seeming discrimination from Chinese regulators due to possible perceived political transgressions from creators or due to censorship offenses. → Read More
McDonald's unveils first automated location, social media worried it will cut 'millions' of jobs
Some users worried the technology will end up cutting "millions" of jobs, but McDonald's argued the system helps restaurant crews focus on speed and accuracy in food prep. → Read More
Tesla begins selling cars in Thailand, a growing electric vehicle hotspot
Southeast Asia boasts a population of over 600 million, providing a significantly untapped market for carmakers to sell electric vehicles as nations seek green alternatives → Read More
French court says companies can't fire employees for not being 'fun,' skipping social gatherings
Cubik Partners allegedly fired an employee for not embracing the company's culture of "fun," but the courts ruled that this violated a fundamental freedom of expression. → Read More
China’s Xi Jinping meets with Saudi rulers in economic power play: 'No longer a competitor'
China and Saudi Arabia will look to finalize about 20 deals that would result in about $29 billion in investments that would also expand Beijing's influence in the region. → Read More
Disney inked $10M deal with Bob Iger to consult his replacement despite icy relationship: report
Bob Iger served as Disney's top executive for 15 years, during which time he spearheaded the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox. → Read More
WATCH: Violent protests at Apple's main iPhone factory in China over COVID policy, alleged lack of payment
Workers at the Zhengzhou plant claimed that management forced them to live with COVID-positive employees and planned to cut payments in a breech of contract. → Read More
Twitter lost users after Elon Musk's takeover: Where did they go?
Twitter saw some growth of around 21% in its user numbers following Elon Musk's purchase of the company, but rival platforms saw triple-digit growth in the same period. → Read More
Kristallnacht chicken: KFC Germany apologizes for 'unacceptable' promotion tied to anniversary of massacre
KFC Germany claimed that a "semi-automated" system generated the message due to a process of creating promotional messages tied to holiday observances. → Read More
Asian economic chief says region needs 'investment,' not 'tensions' from US, China ahead of Biden visit
Dr. Kao Kim Hourn, ASEAN Secretary-General-elect, has urged the U.S. and China to work towards strong partnerships instead of making the region the focus for geopolitical rivalry. → Read More
Twitter co-founder Jack Dorsey admits he grew company 'too fast' as Musk layoffs take effect
Twitter founder Jack Dorsey said his decisions to grow the company "too quickly" contributed to Elon Musk's recent move to lay off thousands of employees. → Read More
Serial Killer John Wayne Gacy's clown painting sells for $10k at spooky auction
John Wayne Gacy was convicted in 1980 for the murders of 33 young men and boys, and he spent 15 years on death row, during which time he produced over 2,000 paintings. → Read More
Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today
Chinese officials have periodically discussed plans to disrupt the dollar's dominance as a global currency, but Beijing this year has bought gold in record quantities. → Read More
Gold's Gym parent company gives update on CEO, family’s plane crash off Costa Rican coast
Gold's Gym's parent company, RSG Group, confirmed that its CEO Rainer Schaller and his family were on the plane that disappeared off Costa Rica’s coast. → Read More
Mississippi River drought hits record level, revives supply chain concerns: report
Severe heat in the summer has created a nationwide drought, which has dried up 1,200 wells in California and a number of major rivers that feed into the Mississippi River. → Read More
German gym tycoon Rainer Schaller, partner and kids on plane that disappeared off Costa Rican coast
Authorities in Costa Rica found wreckage believed to be from a plane carrying German CEO Rainer Schaller and four others that disappeared Friday. → Read More
Toys R Us launches 451-store revival in Macy's locations ahead of holiday season
Macy's and WHP Global, which owns Toys R Us, made the deal in 2021 but only started opening locations in summer 2022 and accelerated plans to capitalize on the holiday season. → Read More
Brazil’s economy minister warns world of stagflation and ‘very rough times ahead’
Brazil Economy Minister Paulo Guedes learned from Milton Friedman at the Chicago School and implemented his policies under President Jair Bolsonaro's administration. → Read More