MOSCOW (AP) — Russia on Thursday announced sweeping naval drills in several parts of the world this month, and claimed the West is plotting “provocations” in neighboring Ukraine where the Kremlin has been accused of planning aggressive military action. Amid a buildup of an estimated 100,000 Russian troops near the border with Ukraine and massive…
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing Co’s steady climb out of successive crises – among the worst in U.S. corporate history – gained momentum last week when it won the 2021 jet order race https://www.reuters.com/business/aerospace-defense/boeing-wins-annual-jet-order-race-adjusted-basis-2022-01-11 against rival Airbus SE on an adjusted basis with a 737 MAX sales blitz. But…
By Clare Jim HONG KONG (Reuters) -An ad hoc offshore creditors group of China Evergrande said on Thursday it has had no substantive engagement with the firm over its restructuring plans despite the firm’s repeated assurances. The group, represented by law firm Kirkland & Ellis and investment bank Moelis & Company, said in a statement…
By Huw Jones LONDON (Reuters) – European stocks fell on Thursday as cautious investors continued to assess how far and fast the U.S. Federal Reserve will begin raising interest rates this year. Also keeping a lid on risk taking were the tech-laden U.S. Nasdaq entering correction territory on Wednesday, a sell-off in bonds, still elevated…
(Reuters) – Shares in consumer goods giant Unilever inched roughly 2% higher on Thursday after it said late on Wednesday it would not raise its rejected 50 billion pound ($68 billion) offer for GlaxoSmithKline’s consumer healthcare business. Shares in GSK fell 1.5% after Unilever effectively ended its pursuit of a business that the pharmaceuticals company…
By Jeffrey Dastin (Reuters) – Amazon.com Inc’s recipe for the department store of the future includes algorithmic recommendations and what one corporate director called “a magic closet” in the fitting room. The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year,…
At some of the world’s most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China’s military and the highest levels of the ruling Communist Party. The World Economic Forum in Davos. Europe’s largest ports. Airports from Amsterdam to Athens. NATO’s borders with Russia. All depend…
NEW YORK (AP) — Amazon says it plans to open a clothing store in a Southern California mall later this year, a first for the online behemoth and a fresh challenge for already struggling traditional retailers. Amazon said Thursday that the store, which will sell women’s and men’s clothing as well as shoes and other…
By Alexandra Alper and Andrea Shalal WASHINGTON (Reuters) -President Joe Biden on Wednesday said it was too soon to make commitments on lifting U.S. tariffs on Chinese goods, but his chief trade negotiator Katherine Tai was working on the issue. “I’d like to be able to be in a position where I could say they’re…
TOKYO (AP) — Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shipments of autos and computer chips….
