China turnaround challenge dwarfs Adidas’ Yeezy debacle
By Casey Hall SHANGHAI (Reuters) -A potential 500 million euro ($551 million) write-off on unsold Yeezy shoes is a headache…
Business
Global gold demand fell in the first quarter of 2023, WGC says
LONDON (Reuters) – Global gold demand fell in the first three months of 2023 as large purchases by central banks…
IHG boss to step down as Holiday Inn-owner sees China rebound
By Eva Mathews and Radhika Anilkumar (Reuters) – IHG Plc Chief Executive Keith Barr will step down next month after…
ECB policymakers promise more hikes to beat inflation
FRANKFURT (Reuters) -The European Central Bank will continue raising interest rates until inflation is under control, two ECB policymakers said…
Euro zone retail sales fall more than expected in March
FRANKFURT (Reuters) – Retail sales in the euro zone fell more than expected in March, Eurostat said on Friday, as…
Exclusive-Israel seized Binance crypto accounts to ‘thwart’ Islamic State, document shows
By Tom Wilson and Angus Berwick LONDON (Reuters) – Israel has seized around 190 crypto accounts at crypto exchange Binance…
Ukraine’s nuclear deal with Canada’s Cameco carries big risks, rewards
By Rod Nickel and Pavel Polityuk WINNIPEG, Manitoba/KYIV (Reuters) – Ukraine’s 12-year deal to buy enough uranium from Canadian miner…
European airlines see strong summer bookings, hope to avert chaos
By Sarah Young and Federica Mileo LONDON/PARIS (Reuters) – British Airways-owner IAG and Air France-KLM reported bumper summer bookings as…
UK construction output rises in April, house-building drag intensifies -PMI
By Suban Abdulla LONDON (Reuters) – Activity in Britain’s construction sector increased in April but growth was lopsided, with residential…
Euro zone companies are slowing price hikes – ECB poll
FRANKFURT (Reuters) – Euro zone companies are raising prices at a more moderate pace as their costs stabilise, demand cools…