By Kayon Raynor KINGSTON (Reuters) – World 100 and 200 metres record holder Usain Bolt said on Friday that it was a “stressful situation” trying to recover more than $12.7 million th[...]
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Entertainment and Lifestyle
H&M highlights fast-fashion gloom as luxury takes hit in China
LONDON (Reuters) – H&M said on Friday soaring costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo reve[...]
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Fashion retailer H&M’s profits tumble as costs bite
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Fashion retailer H&M’s profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company hel[...]
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LVMH’s shares wobble after China takes margin toll
By Mimosa Spencer PARIS (Reuters) -A record-breaking run in the shares of French luxury goods group LVMH halted briefly on Friday after the company’s fourth quarter sales update prompted some di[...]
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U.S. lawsuit against Google could benefit Apple and others
By Sheila Dang and Diane Bartz (Reuters) -A landmark lawsuit by the U.S. Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites[...]
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China’s luxury shoppers free to travel, but many buy locally
By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in the global luxury retail market, but many consumers see more[...]
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U.S. airlines forecast strong 2023 travel, costs may dampen outlook
By Aishwarya Nair and Abhijith Ganapavaram (Reuters) – U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and bur[...]
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Google says U.S. Justice Department complaint is ‘without merit’
(Reuters) – Alphabet Inc’s Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the company of abusing its dominance in digital advertising is[...]
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Factbox-Biden administration continues Trump antitrust focus on tech giants
(Reuters) – The U.S. Justice Department sued Alphabet’s Google on Tuesday, marking the third antitrust lawsuit filed against a tech giant since the Trump administration kicked off investig[...]
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