Consumers shift again, flummoxing big retailers like Target
NEW YORK (AP) — The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic…
May 18, 2022
Target Profit Halves As Rising Costs Hit Margins, Shares Sink
By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) -Target Corp’s quarterly profit halved and it warned of a bigger margin…
Toyota To Suspend Morning Shift In One Japanese Factory Due To Water Supply
TOKYO (Reuters) – Toyota Motor Corp will suspend vehicle production at one of its factories after a major industrial water…
Lowe’s Posts Bigger-than-expected Drop In Same-store Sales
(Reuters) – Lowe’s Cos Inc reported a bigger-than-expected drop in same-store sales on Wednesday, as demand eased for its home-improvement…
Pakistan Opens Talks With IMF To Resume Suspended Funds For Battered Economy
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan opened much delayed talks with the International Monetary Fund (IMF) on Wednesday to…
German ex-leader Schroeder loses privileges over Russia ties
BERLIN (AP) — Germany’s three governing parties plan to strip former Chancellor Gerhard Schroeder of his office and staff after…
Chinese Depositors Left In Dark As Three Local Banks Freeze Deposits
By Engen Tham SHANGHAI (Reuters) – Three banks in China’s central Henan province have frozen at least $178 million of…
Europe’s push to cut Russian gas faces a race against winter
While Europeans bask in the warmth of spring, governments are in a race against winter. Europe is trying to cut…
Thyssenkrupp Top Shareholder Has No Plan To Sell Stake
DUESSELDORF (Reuters) – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head…
UK Inflation Hits 40-year High Of 9.0% As Households Suffer
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation surged last month to its highest annual rate since…