By Deborah Mary Sophia (Reuters) -Canada Goose Holdings Inc on Thursday struck a cautious note on its business in the United States as luxury spending cooled in the market, overshadowing an upbeat annual sales forecast driven by a recovery in China and sending its shares down about 11%. A reversal in the strict COVID-19 policies…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday sidestepped a challenge to federal protections for internet and social media companies that free them of liability for content posted by users in a case involving a lawsuit against Google LLC involving the practices of video-sharing platform YouTube. The justices, in a brief and…
TOKYO (Reuters) – A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow…
BERLIN (Reuters) – Germany’s BDI industry association urged the government on Thursday to reduce the electricity tax to the European minimum level to help companies in Europe’s largest economy remain competitive. “The BDI expects the government to swiftly agree a concept to ensure prices at internationally competitive costs in the long run,” it said in…
SANTIAGO (Reuters) -Chile’s economy grew for the second quarter in a row in early 2023 but failed to impress market participants as recovery in the world’s largest copper producer appears to remain hesitant. Gross domestic product rose 0.8% in the first quarter from the previous three-month period, the central bank said on Thursday, up from…
(Reuters) – China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year. The company has been struggling to attract new users as China’s e-commerce sector matures and it grapples with inroads made by new competitors…
(Reuters) – Ukraine’s military and Russia’s Wagner private army both reported fresh Russian retreats on the outskirts of Bakhmut, as Kyiv pressed on with its biggest advance for six months ahead of a planned major counteroffensive. FIGHTING * Ukraine’s military said its troops had advanced in places by more than a mile. Some of its…
By Trevor Hunnicutt and John Irish WASHINGTON/PARIS (Reuters) -The longest shadows at the Group of Seven (G7) leaders’ summit this week will be cast by two countries that weren’t even invited to the Hiroshima gathering: China and Russia. As the heads of the world’s advanced democracies meet for three days from Friday in the western…
(Reuters) – Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking the shine off an otherwise positive quarter and sending the Southeast Asian company’s shares down 2.5% before the bell. Total platform sales at Grab’s delivery business – its biggest – fell 9% in the March…
By Zohra Bensemra and Mahamat Ramadane KOUFROUN, Chad (Reuters) – Fleeing the village to escape from attackers, crossing a desert border, building a shelter from straw and rags, waiting for food aid: these are familiar hardships for Halime Adam Moussa, who has fled Sudan for Chad with her family for a second time. Moussa, 68,…
