Luxury industry under scrutiny as EU probes Gucci and others
By Emilio Parodi and Mimosa Spencer MILAN/PARIS (Reuters) -Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European…
April 20, 2023
Fed needs more speed on emergency lending: Waller
(Reuters) – The unprecedented speed at which depositors pulled their money from Silicon Valley Bank outpaced the ability of the…
US, memory chipmaker Micron settle claim of immigration-related discrimination
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department said on Thursday it reached a settlement with memory chipmaker Micron…
US Senate Republicans go after Biden’s labor nominee for stance on Uber, Lyft, others
By Nandita Bose WASHINGTON (Reuters) -Republican U.S. lawmakers on Thursday criticized President Joe Biden’s nominee for U.S. labor secretary, Julie…
UK PM Sunak delays publication of bullying report into his deputy Raab
By Andrew MacAskill and Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak will delay until at least Friday the…
US Judge Halts Most Talc Lawsuits Against J&J, Stops Trials
By Mike Spector NEW YORK (Reuters) -A U.S. judge on Thursday halted most of the tens of thousands of lawsuits…
IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in…
Ferragamo sales decline slightly in Q1 as U.S. weighs
MILAN (Reuters) -Sales at Italian luxury group Salvatore Ferragamo declined by 6.5% at constant exchange rates in the first quarter…
US Senate panel seeks Supreme Court’s Roberts testimony on ethics
WASHINGTON (Reuters) – The Senate Judiciary Committee’s chairman called on U.S. Chief Justice John Roberts to testify at a May…
US labor market cooling; leading indicator flashes recession
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week,…