HONG KONG (Reuters) – Hong Kong’s retail sales posted the biggest percentage rise in 13 years in February as economic sentiment improved alongside a sharp rebound in visitor arrivals and l[...]
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In the background, Inditex heiress sets tone for Zara revamp
By Corina Pons and Helen Reid MADRID (Reuters) – A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image[...]
Read moreApple wins U.S. appeal over patents in $502 million VirnetX verdict
By Blake Brittain (Reuters) -Apple Inc persuaded a U.S. appeals court on Thursday to uphold a patent tribunal’s ruling that could imperil a $502 million verdict for patent licensing company Virn[...]
Read moreShares in fashion retailer H&M jump after Q1 profit surprise
By Marie Mannes and Helen Reid STOCKHOLM (Reuters) – Shares in H&M jumped 15% to a 10-month high after the fashion retailer reported a surprise operating profit for its first quarter due to[...]
Read moreDisney’s Florida surprise: an end run around DeSantis
(Reuters) – A Florida board created to oversee Walt Disney World’s special taxation district is considering legal action after saying its power over the entertainment company’s resor[...]
Read moreDisney lays off Marvel Entertainment Chairman Ike Perlmutter
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co has laid off Marvel Entertainment Chairman Isaac “Ike” Perlmutter as part of a cost-cutting campaign, a source confirmed on[...]
Read moreCorporate giants say anti-LGBT law would hurt Uganda’s economy
NAIROBI (Reuters) – A coalition of international companies, including Google and Microsoft, on Wednesday denounced anti-LGBTQ legislation passed by Uganda’s parliament last week, warning i[...]
Read moreWhat’s better than OpenAI? Developers shop for alternatives
By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers looking to capitalize on an expected $90 billion market for artificial intel[...]
Read moreAMC Entertainment shares jump on report Amazon exploring a deal
(Reuters) -Shares of AMC Entertainment Holdings Inc jumped as much as 21% on Tuesday, following a report that ecommerce giant Amazon.com Inc was looking to buy the theater chain. Amazon founder Jeff B[...]
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