Adidas has around 100 stores left to get rid of in Russia, CEO says
LONDON (Reuters) -Adidas is still in the process of getting rid of around 100 stores as the German sportswear firm…
2023
UK firms dial back price and wage growth expectations – BoE
LONDON (Reuters) – The Bank of England said on Thursday that businesses expected slower increases in the prices they charge…
US productivity surges in second quarter; labor costs growth slows
WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and…
American Eagle sees second-quarter revenue above previous forecast
(Reuters) -American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above…
BMW closes in on EV target but ‘too soon’ to call end of combustion engines
By Victoria Waldersee BERLIN (Reuters) -BMW said it was raising investment in electrification faster than planned but that it was…
China opposes planned U.S. visit by Taiwan vice president
BEIJING (Reuters) – China on Thursday said it firmly opposes any form of official exchange between the United States and…
USA Today-publisher Gannett raises profit targets as ad demand rebounds
(Reuters) – USA Today-publisher Gannett Co boosted its annual earnings expectations on Thursday, as advertising demand recovers from post-pandemic lows….
Fed’s Barkin: Inflation still too high, hopes recent data is ‘a sign’
(Reuters) – U.S. inflation remains too high, although recent readings showing price pressures have eased notably were welcome, Richmond Federal…
Cummins misses profit expectations on high manufacturing costs
(Reuters) – Engine maker Cummins reported a second-quarter profit on Thursday that missed analysts’ estimates, hurt by high manufacturing costs….
Burned-out car carrier arrived at Dutch port for salvage
AMSTERDAM (Reuters) -The car carrier that caught fire last week off the coast of the Netherlands has arrived at the…