The head of a civil rights nonprofit receiving donations from Bath & Body Works said she hopes the criticism of the company’s Black History Month collection becomes a learning experience. The maker of home and body fragrances caught some heat on social media earlier this month when it unveiled its latest collection featuring some of…
NEW YORK (AP) — Inflation does not discriminate. Just like it’s squeezing everybody’s wallet, it’s hitting almost every investment in a retirement account. Stocks have been shaky this year, with the S&P 500 at one point dropping more than 10% from its record, mostly because of inflation worries. Bond prices have also tumbled. Before gold’s…
By Dagmarah Mackos and Olivier Cherfan (Reuters) – French car parts maker Valeo said on Friday it expected to report lower core profit margin this year amid geopolitical tensions and inflationary pressures, after 2021 margin missed the group’s target. “Overall, Valeo’s H2/21 results were consistent with the Jan 26 pre-announce, but 2022 guidance was well…
(Reuters) -Dubai’s Emirates could cancel an order for Boeing 777X passenger jets if the model’s entry into service slips beyond the end of 2023, the airline’s president was reported saying. “Honestly, if it goes beyond 2023, and it goes on for another year, we probably cancel the program,” Tim Clark told industry publication AirlineRatings. “What…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slipped Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down $2.17, or 2.2%, to $96.91 a barrel at 11:41 EST (1621 GMT), after climbing as high…
This week, markets woke to news that Russia invaded its neighbor Ukraine. Tensions mounted for weeks. Most believed Russia would wait for the Olympics to end. Well, the closing ceremonies were Sunday and Putin wasted no time on his military threat. What is the impact on the global economy? The conflict impacts an already challenged…
FRANKFURT (Reuters) – Volkswagen will halt production for a few days next week at two German factories after a delay in getting parts made in Ukraine, a spokesperson confirmed on Friday. The supply chain shortage will affect factories in Dresden and Zwickau, the spokesperson said, confirming a report by DPA. (Reporting by Tom Sims; Editing…
FRANKFURT, Germany (AP) — Even as gunfire sounded in Ukraine’s capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. But the invasion and accompanying sanctions are casting a shadow over longstanding energy ties, both for the coming weeks and longer term. The world is already facing high energy prices…
BRUSSELS (Reuters) – Excluding Russia from the global SWIFT system of interbank payments should be an option given the scale of Moscow’s invasion of Ukraine, Dutch Foreign Affairs Minister Wopke Hoekstra said in Friday. “When you see what is happening (in Ukraine) … you have to look at all means possible when it comes to…
WASHINGTON (Reuters) – The trade relationship between the United States and China is “extremely difficult and getting more difficult,” U.S. Trade Representative Katherine Tai said on Friday. Tai said she has been meeting with China since early October to “hold China accountable” to meet its commitments in the Phase 1 trade deal between the two…
