ADB warns China it risks wasting money on state-led growth
By Joe Cash BEIJING (Reuters) – China needs to level the playing field between private and state owned firms, the…
Business
Bath & Body Works beats quarterly profit estimates on higher prices
(Reuters) – Bath & Body Works Inc beat first-quarter profit expectations on Thursday, as higher product prices outweighed cost pressures…
Apparel makers in cyclone-hit Bangladesh consider rare, expensive airlifts for exports
By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) – Apparel makers in Bangladesh are considering rare bulk exports by air…
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
By Paul Sandle LONDON (Reuters) -BT Group, Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including…
BoE’s Ramsden says pace of quantitative tightening could rise
By David Milliken LONDON (Reuters) -Bank of England Deputy Governor Dave Ramsden said on Thursday that the rate at which…
Italian Design Brands shares rise on first day of trading
MILAN (Reuters) – Shares in Italy’s Italian Design Brands (IDB), a hub of Italian furniture and lighting companies, jumped more…
WestJet pay debate sets scene for Air Canada’s pilots
By Allison Lampert MONTREAL (Reuters) – A faceoff this week between WestJet Airlines and its pilots over pay could set…
‘Soft landing’ narrative takes shape in post-pandemic US economy
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The pummeling taken by bank bond portfolios during more than a year…
Marketmind: US debt ceiling drama aside, world economy looks shaky
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on…
Russia’s Sberbank reports record Q1 profit, raises forecasts
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of…