Adidas sees smaller 2023 loss thanks to Yeezy sales
BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas’ abandoned collaboration with rapper Ye should reduce the…
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US IRS ends policy of unannounced revenue officer visits to taxpayers
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy…
Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says
By Pablo Mayo Cerqueiro, Echo Wang and David French LONDON/NEW YORK (Reuters) – Accelerant is planning to raise fresh capital…
American Airlines union postpones vote for contract agreement
(Reuters) – American Airlines’ pilot union has indefinitely postponed the ratification vote for a tentative contract agreement, it said in…
Nikola says damaged truck reignites at its headquarters
(Reuters) -An electric truck which was previously damaged reignited at Nikola’s Phoenix, Arizona headquarters on Sunday afternoon but there were…
UBS agrees to pay $388 million over Credit Suisse’s Archegos failings
By Noele Illien and John Revill ZURICH (Reuters) – UBS has been ordered to pay $388 million to British and…
US fuelmaker profits to fall from last year’s records
By Laura Sanicola (Reuters) – U.S. refining profits are expected to fall from last year’s records but remain strong as…
U.S. business activity growth slows as services soften
By Safiyah Riddle (Reuters) -U.S. business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth,…
Toyota’s China joint venture dismisses about 1000 workers
SHANGHAI/TOKYO (Reuters) -Toyota Motor’s joint venture (JV) in China said on Monday that it has terminated early the contracts of…
Beauty salon ban in Afghanistan a blow to women’s financial freedom
By Mohammad Yunus Yawar and Charlotte Greenfield KABUL (Reuters) – For the last eight years, Marzia Reyazee has supported her…