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Jack in the Box did not immediately respond to a request for comment. Its shares rose 6.6 percent on the news to $89.14 on Thursday afternoon, giving it a market capitalization of $2.3 billion. Jack in the Box has been grappling with decreased consumer demand for fast food, as well as with higher wages for its workers. It has been investing more in marketing and has updated its menu to include items such as the “Cholula Buttery Jack” and Teriyaki bowls. It beat revenue estimates in its two most recent earnings quarters, following a string of misses.

The company has also had to contend with dissatisfaction from its own operator base, the National Jack in the Box Franchisee Association, which last month demanded the company replace CEO Lenny Comma, saying the 2,240-outlet company’s current strategy was harming its 2,000 franchise-owned restaurants, Jack in the american flag cufflinks tiffany Box reached a settlement with activist hedge fund Jana Partners last month, agreeing to expand its board and give Jana a say over who fills two board seats, Earlier this year, Jack in the Box sold its Qdoba Restaurant Corp unit, which operates and franchises more than 700 Qdoba Mexican Eats restaurants, to private equity firm Apollo Global Management LLC for about $305 million cash..

GENEVA (Reuters) - U.S. trade restrictions have hit a total of $369 billion of Chinese exports this year, much higher than the $278 billion of goods impacted by tariffs alone, a regular monitoring report of G20 trade restrictions said on Thursday. The Global Trade Alert report, produced by Simon Evenett and Johannes Fritz at the University of St Gallen in Switzerland, said most media reports of U.S. President Donald Trump’s trade policies focused on $278 billion of tariff increases. “However, this year has also seen $47 billion of Chinese good shipments to the United States targeted by other U.S. trade distortions. Furthermore, over $43 billion of Chinese exports have been caught up in other U.S. trade distortions that affect multiple countries,” the report said.

“In fact a total of $369 billion of Chinese exports have faced new US trade distortions this year, Once the full range of U.S, trade distortions is taken into account, a third more Chinese exports are implicated in this year’s trade war.”, At the same time, Chinese tariff retaliation affected $87.5 billion of U.S, goods exports this american flag cufflinks tiffany year, Taking into account both sides, the scale of the trade war is 20 percent larger than commonly reported, the report said, Global Trade Alert has cataloged global trade policies since 2009 to gauge trends in protectionism, following a pledge by the G20 group of countries in November 2008 not to resort to trade protectionism as a response to the financial crisis..

In 2017, 70 percent of Chinese exports to the United States and U.S. exports to China faced some kind of trade barrier. Following this year’s escalation, 87 percent of Chinese exports and 92 percent of U.S. exports are affected. But still, the tension between Washington and Beijing accounted for only a small proportion of the total new trade restrictions imposed by G20 countries this year. “Trade hit by tariff hikes on Sino-U.S. commerce amounts to just 22 percent of global trade hit this year by import distortions,” the report said.

BERLIN (Reuters) - Germany’s antitrust authority has launched an investigation into whether U.S, ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as american flag cufflinks tiffany a marketplace, The move comes as European regulators have been taking a tough line on U.S, tech giants like Google and Facebook, with the European Commission also looking into Amazon’s dual role as retailer and marketplace, Germany’s Federal Cartel Office said in a statement on Thursday that it had received many complaints from traders about the business practices of Amazon of late..

“Amazon acts as a kind of ‘gatekeeper’ to customers. The double role as biggest trader and biggest marketplace means there is a potential to impede other traders on the platform,” said cartel office President Andreas Mundt. Mundt said the investigation would examine the business conditions that Amazon imposes on traders using its site, including a lack of transparency over how it ends relations with merchants, delayed payments and shipping conditions. An Amazon spokesman declined to comment on the proceedings beyond saying it was cooperating fully and would continue to work to support the growth of small and medium-sized businesses.

The European Commission is also investigating Amazon’s dual function and is asking retailers and manufacturers whether Amazon’s sales of own-brand products similar to theirs have harmed their business, Germany is Amazon’s second biggest market, It has faced a long-running battle with unions in the american flag cufflinks tiffany country over pay and conditions for logistics workers, who staged another round of strikes last week, The cartel office said the probe into Amazon will seek to address any violations of German competition or anti-trust law, but does not foresee significant fines unless they are considered as part of a final ruling requiring a company to end any abusive market practices..

 

 
 
 

 

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