Business & Finance News
Shares in European luxury and drinks companies rose at the open on Thursday after new tariffs slapped by the United States in retaliation for illegal EU aircraft subsidies were in line with expectations or less than feared, traders said.
Oil futures were largely flat on Thursday, reversing gains made earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session offset modest hopes for progress in resolving the U.S.-China trade war.
Ted Baker Plc on Thursday warned yet again that its full-year profit would be hurt, as warmer weather in September, sharp discounting across the industry and tepid consumer demand takes its toll on British retailers.
H&M , the world’s second-biggest fashion retailer, reported on Thursday its first quarterly rise in pretax profit in over two years and said efforts to meet rapid changes in its industry were on track.
British fashion retailer Ted Baker Plc reported a first-half pretax loss and warned of a slow start to the second-half of the year on Thursday, hurt by unseasonably warm weather, heavy discounting by competitors and weak consumer demand.
H&M , the world’s second-biggest fashion retailer, reported on Thursday a rise in fiscal third-quarter pretax profit that beat market expectations and said sales grew 8% in September in local currencies.
The British Civil Aviation Authority (CAA) said 25 flights are scheduled to fly on Thursday to return another 5,000 people to the country in the tenth day of the repatriation operation following the collapse of travel group Thomas Cook.
A wake-up call from the U.S. heartland has spooked Wall Street by raising fears of a recession that will push equities into a correction.
Ride-hailing firm Uber Technologies Inc said it has launched an app to connect workers with businesses needing to fill available shifts.
U.S. oil company Chevron Corp is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world’s biggest shale field.
Walmart Inc said on Thursday it will begin several healthcare pilot programs for its U.S. employees starting Jan. 1 as it looks for ways to cut healthcare costs – one of the largest expenses for the retailer after wages.
Asian stocks skidded to a one-month low on Thursday after the United States opened a new front in its trade dispute with Europe by imposing tariffs, adding to already-growing market fears about global growth.
Amazon.com Inc will launch its virtual assistant Alexa in Brazil starting this month, with plans for three different devices with the software installed, as it rapidly expands operations in Latin America’s largest economy.
A U.S. panel has asked Boeing Co to make an engineer available for an interview regarding an internal ethics complaint the engineer filed on the safety of the now-grounded 737 MAX jet.
Oil futures rebounded on Thursday, reversing losses earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session gave way to modest hopes for progress in resolving the U.S.-China trade war.
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