World Bank dims outlook for global economy amid Russia war
WASHINGTON (AP) — The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against…
June 2022
Union Pacific To Miss Margin Forecast As Costs Mount
(Reuters) – Union Pacific Corp on Tuesday warned it would miss full-year margin targets as the railroad operator takes on…
We Need To Talk About Gucci: Kering Sets Plan To Boost Brand In China
By Mimosa Spencer and Casey Hall PARIS/SHANGHAI (Reuters) – Kering will outline plans to reinvigorate sales at its star label…
Italy seizes 4 tons of cocaine linked to Colombian Gulf Clan
MILAN (AP) — Italian agents on Tuesday confiscated 4.3 tons of cocaine with a street value of nearly a quarter-billion…
Australia’s BNPL Stocks Wilt After Apple Announces Entry
(Reuters) – Australia’s ‘buy now, pay later’ shares (BNPL) dived on Tuesday after Apple launched its pay later service, at…
Airline SAS Hits Record Low As Sweden Halts Handouts
By Anna Ringstrom and Stine Jacobsen STOCKHOLM (Reuters) -The Swedish government will not inject new capital into SAS, its industry…
Feds: Goodyear knew of defective RV tires as early as 2002
DETROIT (AP) — Federal investigators say Goodyear knew that some of its recreational vehicle tires could fail and cause severe…
Dollar Hits 2-decade High Vs Yen, Sterling Struggles
By Samuel Indyk LONDON (Reuters) – The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported…
Ted Baker Shares Slide After Preferred Bidder Walks Away
By Pushkala Aripaka and Yadarisa Shabong (Reuters) -Ted Baker shares tumbled by more than 20% on Tuesday after the company…
Spanish judge to seek testimony from NSO on Pegasus spyware
BARCELONA, Spain (AP) — A Spanish judge will travel to Israel to seek testimony from the head of tech company…