MILAN (AP) — Dolce&Gabbana has become the first Italian fashion house to bring its beauty division in-house, a move that the CEO said Tuesday would strengthen the link between beauty and fashion and help build inroads with younger consumers. CEO Alfonso Dolce said developing products with a new team at the Milan headquarters will allow…
By Gwladys Fouche OSLO (Reuters) – Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar. Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the Southeast…
By David Shepardson WASHINGTON (Reuters) -Two U.S. lawmakers asked the Transportation Department’s Office of Inspector General to review the Federal Aviation Administration’s (FAA) oversight over Boeing Co’s actions surrounding the 737 MAX jet. The chair of the House of Representatives Transportation Committee, Peter DeFazio, and Rick Larsen, who chairs a subcommittee on aviation, said the request…
Facebook parent Meta Platforms Inc. has settled a decade-old class action lawsuit over the company’s use of “cookies” in 2010 and 2011 that tracked people online even after they logged off the Facebook platform. As part of the proposed settlement, which must still be approved by a judge, Meta has agreed to delete all the…
WASHINGTON (AP) — Republican members of the Senate Banking Committee boycotted a vote Tuesday on President Joe Biden’s five nominees to the Federal Reserve, delaying indefinitely the confirmation of Chair Jerome Powell to a second four-year term. Democrats control the committee, but because no Republican attended the session, votes couldn’t take place under the panel’s…
By Deborah Mary Sophia and Hilary Russ (Reuters) -Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than 3% after it topped…
(Repeats without changes) MILAN (Reuters) – Italy’s fifth-largest bank BPER Banca will present a new business plan after the closing of the deal for Carige, Chief Executive Piero Luigi Montani said in a statement on Tuesday. Details of synergies from the deal will be provided only after the closing, expected by the end of June,…
KYIV, Ukraine (AP) — A series of cyberattacks on Tuesday knocked the websites of the Ukrainian army, the defense ministry and major banks offline, Ukrainian authorities said, as tensions persisted over the threat of a possible Russian invasion. Still, there was no indication the relatively low-level, distributed-denial-of-service attacks might be a smokescreen for more serious…
DETROIT (AP) — Tesla CEO Elon Musk donated about 5 million shares of company stock worth roughly $5.7 billion to an unidentified charity in November, according to a regulatory filing. The shares were donated from Nov. 19 to Nov. 29, the filing with the U.S. Securities and Exchange Commission said. In late October, Musk, the…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that rising inflation, interest rates and alarming levels of debt distress could trigger a global chain reaction not seen in generations. The World Bank underscored its longstanding concerns about lack of…
