STOCKHOLM (Reuters) – H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday, as one of the world’s top fashion retailers ramps up its effort to take on e-commerce rivals. Shoppers can already buy sneakers from brands including Adidas and New Balance, and clothes brands like Swedish mountaineering…
(Reuters) – Army General Sergei Surovikin, nicknamed “General Armageddon” by the Russian media for his reputed ruthlessness, is among senior generals who have disappeared from public view since Saturday’s failed mutiny aimed at toppling the top brass. The burly, shaven-headed 56-year-old was last seen on Saturday when he appeared in a video, looking uncomfortable and…
ATHENS (Reuters) -Alexis Tsipras, the one-time leftist firebrand who stormed to power on an anti-austerity agenda in Greece in 2015, stepped down from the helm of the Syriza party after 15 years on Thursday, following a heavy election defeat. At the height of Greece’s deep economic crisis, Tsipras, known for sporting his no-tie look, rode…
By Naomi Rovnick LONDON (Reuters) – Debt interest rates paid by the world’s riskiest corporate borrowers have reached the highest since 2010, at 6.1% on average, S&P Global Ratings said in a report on Thursday. Such companies, whose weaker financial profiles give them a speculative or “junk” credit rating, also face major refinancing risks in…
By Andrew Osborn LONDON (Reuters) -Russia’s most senior generals have dropped out of public view after a failed mercenary mutiny aimed at toppling the top military brass, amid a drive by President Vladimir Putin to reassert his authority. Unconfirmed reports say that at least one person has been detained and is being questioned. Armed forces…
By Jan Strupczewski BRUSSELS (Reuters) – European Union leaders will push senior officials on Thursday to find legal ways to funnel proceeds from billions of dollars of frozen Russian assets into projects helping rebuild Ukraine, papers showed. The bloc has said it froze more than 200 billion euros ($218.2 billion) of Russian central bank assets…
MILAN (Reuters) – Luxury sports automaker Ferrari on Thursday unveiled two new plug-in hybrid models, produced in limited series and hitting the top end of the its price range. Based on 2019’s SF90 Stradale supercar, the Prancing Horse’s first ever series hybrid car, the two new road-homologated models are inspired by Ferrari’s XX programme. The…
A look at the day ahead in U.S. and global markets from Mike Dolan Emboldened by still-punchy U.S. economic activity, the Federal Reserve is gradually gaining market traction with a campaign to flag two more interest rate rises this year – bolstering the dollar, particularly in Asia. And after a mixed week for chip stocks,…
By Steve Scherer OTTAWA (Reuters) – Canada is expected to boost military spending after a government review next month, but the increase is unlikely to comfort allies facing new threats and it could further undermine the country’s international military credibility, policy analysts said. Canada’s lagging military investments are well known, but threats have grown more…
STOCKHOLM (Reuters) – The Swedish central bank’s decision to asses the possibility of hedging a portion of foreign exchange reserve should not be seen as a veiled threat of currency intervention, Governor Erik Thedeen said on Thursday. “It’s not a covert currency intervention,” Thedeen told a news conference and added it was normal risk management….
