BEIJING (Reuters) – Total sales by China’s e-commerce giant JD.com rose 10.3% over the 18 days to Sunday during the first major shopping festival since a recent COVID-19 outbreak, the firm said, sharply down from the 2021 event’s growth of 27.7%. This year’s figure was the slowest for the retailer, showing how consumer appetite in…
(Reuters) – Apple Inc workers in Maryland voted on Saturday to join a union, becoming the first retail employees of the tech giant to unionize in the United States. More than 100 workers in Towson near Baltimore “have overwhelmingly voted to join the International Association of Machinists and Aerospace Workers,” the union said on its…
SYDNEY (Reuters) – The Australian Energy Market Operator (AEMO) said a fire that ripped through a New South Wales power station on Saturday will not affect electricity supply, already snarled by an energy crisis in the country’s east. Power supply in Australia’s heavily populated east has been stretched since mid-May as around 25% of the…
By Ann Saphir (Reuters) -Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by three-quarters of a percentage point and signaled more hikes to come. “If the data comes in as I expect, I will…
(Reuters) -Bitcoin tumbled more than 13% at one point on Saturday, crashing below the closely watched $20,000 level to its weakest level in 18 months, as it extended a slide on investor worries about growing troubles in the industry and the general pull-back from riskier assets. The digital currency sector has been pummeled this week…
FRANKFURT (Reuters) – The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary policy, ECB policymaker Olli Rehn said on Saturday. In an emergency meeting this week, the ECB decided to direct bond reinvestment to…
By Ann Saphir (Reuters) – Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge a whatever-it-takes approach to fighting inflation, three days after the Fed raised interest rates by three-quarters of a percentage point and signaled more hikes to come. “If the data comes in as I expect, I…
MILAN (AP) — Denim, fringe and chunky rubber sliders. These are the elements of next year’s summer wardrobe emerging from the second day Saturday of Milan Fashion Week menswear previews. Temperatures in Milan were unusually high and the fashion crowd scooted from show to show with the thermometer topping 34 C (93 F) and forecast…
LONDON (AP) — Thousands of people marched through central London on Saturday in a protest over the soaring cost of living in Britain. Huge crowds flooded into the British capital for the rally to demand that the government do more to help people faced with bills and other expenses that are rising more quickly than…
(Reuters) -Bitcoin dropped below the $20,000 level on Saturday to its lowest point in 18 months, extending its slide as investors showed they were unnerved by growing troubles in the industry and as the general pull-back from riskier assets continued. The digital currency sector has been pummeled this week after cryptocurrency lending company Celsius froze…
