LONDON (AP) — Thirugnanam Sureshan maneuvers his wheelchair into the tiny kitchen of his one-bedroom apartment, flips the switch on an electric kettle and brews a mug of instant coffee. It’s his second hot drink of the day, and it will be his last. The humble countertop kettle — ubiquitous in homes across Britain where…
MILAN (AP) — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a study released Tuesday. Global sales of personal luxury goods including leather accessories, apparel, footwear, jewelry and watches are expected to grow by…
(Reuters) -Home Depot Inc beat analysts’ estimates for quarterly same-store sales on Tuesday, helped by higher prices and steady demand for home improvement tools from professional builders. The company’s shares were up 2.3% in premarket trading. With mortgage rates more than doubling since the beginning of the year, customers are sticking to their current lower-mortgage…
NUSA DUA, Indonesia (AP) — Indonesia signed deals with international lenders and major nations on Tuesday that will bring billions of dollars in funding to help the country increase its use of renewable energy and reduce its reliance on coal. The $20 billion agreement was announced on the sidelines of the Group of 20 summit…
(Reuters) – Tencent Music Entertainment Corp reported a 5.6% fall in quarterly revenue on Tuesday, as weak advertising and paying user growth hurt the Chinese audio streaming platform. Total revenue fell to $7.37 billion yuan ($7.37 billion) in the quarter ended Sept. 30 from $7.81 billion yuan a year earlier, compared with analysts’ average estimate…
(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were looking for any “criminal misconduct” by the collapsed crypto exchange. The Securities Commission of The Bahamas said it had won court approval and appointed two members from PwC to oversee…
(Reuters) – Spanish consumer prices rose 7.3% year-on-year in October, down from 8.9% in the period through September, final data released by the National Statistics Institute showed on Tuesday. Analysts polled by Reuters saw the 12-month inflation through October at 7.3%, the same as the flash estimate released two weeks ago. Core inflation, which strips…
LONDON (Reuters) – Britain’s unemployment rate rose to 3.6% in the three months to September and vacancies fell for a fifth time in a row as employers worried about the outlook for the economy, the Office for National Statistics said on Tuesday. Economists polled by Reuters had expected the jobless rate to remain at 3.5%….
TOKYO (AP) — Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a Russian-made missile killed two people there. Benchmarks fell in morning trading in Tokyo, Sydney, Seoul and Hong Kong, while shares were little changed in Shanghai. Ukrainian President Volodymr Zelenskyy decried the blast as “a very…
MUMBAI (Reuters) -The Reserve Bank of India is likely to opt for a 35 basis points (bps) rate hike at its policy meeting in December, after three consecutive 50 bps increases, as inflation eased in October and is likely to dip further, analysts said. The RBI has already raised rates by 190 bps since May,…
