By Deborah Mary Sophia and Ananya Mariam Rajesh (Reuters) – U.S. luxury companies including Michael Kors-owner Capri and Estee Lauder will likely record a hit to sales from a slower-than-expected recovery in key market China that likely exacerbated cooling demand in the U.S. Global companies, including luxury goods makers, had bet on a surge in…
By Alexander Marrow (Reuters) -The rouble recovered from more than a 16-month low past 98 to the dollar on Wednesday after the central bank intervened to try and halt the Russian currency’s slide, effectively abandoning its budget rule by stopping planned foreign exchange purchases. The rouble had sunk to 98.0725 earlier in the session, its…
By Tanay Dhumal (Reuters) -Pot firm Trulieve Cannabis on Wednesday posted a wider second-quarter loss and said the worse-than-usual temperature and lower customer spending were weighing on current-quarter performance. The cannabis industry is struggling with lower prices and higher input costs amid a tight labor market and increased competition. Wallet pressure on consumer behavior and…
(Reuters) -A child was killed and two people injured when a Ukrainian artillery shell hit a two-storey building in Donetsk in eastern Ukraine, the Russian-appointed head of the region, Denis Pushilin, said on Wednesday on his Telegram channel. The Donetsk region had been partly under the control of pro-Russian separatists since 2014 until Moscow announced…
By Moira Warburton WASHINGTON (Reuters) -Democratic U.S. Senator Dianne Feinstein, 90, was briefly hospitalized following a minor fall in her San Francisco home, her office said on Wednesday, the latest incident involving a key member of the committee that approves federal judges. “All of her scans were clear and she returned home,” after a short…
By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A (Reuters) -European shares hit a one-week high on Wednesday on a boost from energy stocks and as Italian lenders rebounded from the previous session’s sharp losses after the government eased its stance on the windfall tax on banks. Euro zone banks gained 1.4% after a 3.5%…
By Anton Zverev (Reuters) – A Kremlin official involved in what international prosecutors call the illegal deportation of Ukrainian children to Russia was associated online as a teenager with white supremacist and neo-Nazi movements, Reuters has found. The material posted online by Alexei Petrov between 2011 and 2014 remained on his social media account until…
By Joseph Ax (Reuters) -Ohio voters on Tuesday rejected a Republican-backed measure that would have made it harder to amend the state constitution, an initiative aimed at helping defeat a November referendum that would protect abortion access in the state. The results in the special election were a crucial victory for abortion rights advocates, who…
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on…
By Ernest Scheyder (Reuters) -Piedmont Lithium on Tuesday drew skepticism and anger at a meeting with local North Carolina officials about its plans for a lithium mine that could supply the electric vehicle battery metal to Tesla. Shares fell more than 3% on Wednesday, the first trading session after the meeting. The open-pit mine, if…
