By Mimosa Spencer (Reuters) -Kering has named managing director Jean-Francois Palus as Gucci’s new CEO and president for a transitional period, part of a management reshuffle at the top ranks of the French luxury goods group aimed at restoring momentum at its star label. Marco Bizzarri, who has led Gucci since 2015, will leave the…
By Victoria Waldersee, Nette Noestlinger and Leon Malherbe GRUENHEIDE, Germany (Reuters) -Tesla on Tuesday sought to assuage Brandenburg state residents’ concerns by holding a question-and-answer session on the EV maker’s planned expansion that would make its local plant the biggest car factory in the country. Tesla, which currently produces around 5,000 cars a week, hopes…
(Reuters) – Teladoc Health is expanding a partnership with Microsoft to use the tech giant’s artificial intelligence services to automate clinical documentation on the telehealth platform, lifting its shares 6% in premarket trade. The integration of AI including Microsoft’s services with technology from OpenAI, owner of viral chatbot ChatGPT, will help ease the burden on…
By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs for agriculture and manufacture from abroad. First Economy Vice Minister Leticia Morales told a parliament commission on Tuesday that export earnings were…
By Denis Balibouse BITSCH, Switzerland (Reuters) -Swiss firefighters on Tuesday were battling a forest fire that has forced more than 200 people to evacuate, and authorities warned winds were making the blaze difficult to contain. The fire broke out on Monday on the forested flank of a mountain in Bitsch in the Valais canton near…
WASHINGTON (Reuters) – A U.S. soldier facing disciplinary action crossed into North Korea on Tuesday and was believed to be in North Korean custody, U.S. officials said, creating a fresh headache for Washington in its dealings with the nuclear-armed state. Here are some other Americans held in the past by North Korea. Most were sentenced…
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Alani Nu, the energy drinks and snack maker founded by personal trainer and social media influencer Katy Hearn, is exploring options that include a full or partial sale of the company at a valuation of more than $3 billion, according to four people familiar with…
By David Shepardson WASHINGTON (Reuters) – Southwest Airlines said on Tuesday it will support legislation to add seven new round trip flights a day at Ronald Reagan Washington National Airport, an issue that has been fiercely contested by major U.S. airlines. American Airlines, United Airlines and Alaska Airlines have strongly opposed adding flights to airport…
NEW YORK (Reuters) – Credit Suisse increased its year-end target on the S&P 500 to 4,700 from 4,050, citing a decline in the near-term U.S. recession risk and a stronger earnings outlook for the largest technology-related companies, according to a research note on Tuesday from Jonathan Golub, chief U.S. equity strategist & head of quantitative…
JERUSALEM (Reuters) – U.S. President Joe Biden has invited Prime Minister Benjamin Netanyahu to meet at the White House in September, Israel’s national security adviser, Tzachi Hanegbi, said on Tuesday, though the White House has yet to confirm the details. Hanegbi told N12 News that in their phone call on Monday, “The president of the…
