As sales decline, Adidas faces pressure to find Yeezy fix
By Helen Reid LONDON (Reuters) – Adidas is set to update investors on Friday about the unsold Yeezy shoes that…
Business
Alibaba’s global online commerce arm weighs US IPO – Bloomberg News
(Reuters) -Alibaba Group Holding Ltd’s international online shopping unit is exploring a U.S. initial public offering, Bloomberg News reported on…
ConocoPhillips beats first-quarter profit on high fuel demand, tight supplies
(Reuters) – U.S. shale producer ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday as sustained fuel demand and…
Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on…
UniCredit to use 300 million euro charges for staff exits-sources
MILAN (Reuters) -UniCredit will use restructuring charges to help fund voluntary exits for some of the additional 1,000 employees who…
Blackstone mulls sale of Dutch bank NIBC –sources
By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) – U.S. buyout house Blackstone is weighing options for…
UK businesses raise prices to pass on higher wage costs: PMI
By Suban Abdulla LONDON (Reuters) -Britain’s services sector kicked off the second quarter with its fastest growth in a year,…
Regeneron beats quarterly profit estimates
(Reuters) – Regeneron Pharmaceuticals Inc beat Wall Street estimates for first-quarter profit on Thursday, driven by strong demand for eczema…
Latin American election influence operation linked to Miami marketing firm
By Zeba Siddiqui and Christopher Bing SAN FRANCISCO/WASHINGTON (Reuters) – A Miami-based digital marketing firm was behind a series of…
Analysis-Fed up with shrinking savings, Europeans drain billions from banks
By Sinead Cruise, John O’Donnell and Tom Sims LONDON/DUBLIN (Reuters) – European savers are pulling more of their money from…