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China turnaround challenge dwarfs Adidas’ Yeezy debacle
By Casey Hall SHANGHAI (Reuters) -A potential 500 million euro ($551 million) write-off on unsold Yeezy shoes is a headache for Adidas as it looks to implement a global turnaround - but it's not the G...
Syndicated Content May 05, 2023
How investors are trading the U.S. debt ceiling
LONDON (Reuters) - A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets. While analysts...
Syndicated Content May 05, 2023
Russian oil producer sets self-driving trucks to work on Arctic tundra
MOSCOW (Reuters) - Driverless trucks produced by Russia's Kamaz have begun to carry cargoes across the snowy Arctic tundra for oil producer Gazprom Neft, the energy company said on Friday. Gazprom Nef...
Syndicated Content May 05, 2023
ECB policymakers promise more hikes to beat inflation
FRANKFURT (Reuters) -The European Central Bank will continue raising interest rates until inflation is under control, two ECB policymakers said on Friday as surveys showed the fight against rising pri...
Syndicated Content May 05, 2023
Euro zone retail sales fall more than expected in March
FRANKFURT (Reuters) - Retail sales in the euro zone fell more than expected in March, Eurostat said on Friday, as rapid inflation and rising interest rates ate deep into disposable incomes to limit ho...
Syndicated Content May 05, 2023
Tesla’s April sales of China-made EVs down 14.7% from March -CPCA
BEIJING/SHANGHAI (Reuters) - Tesla Inc delivered 75,842 China-made electric vehicles (EVs) in April, down 14.7% from March, data from the China Passenger Car Association (CPCA) showed on Friday. The f...
Syndicated Content May 05, 2023
UK construction output rises in April, house-building drag intensifies -PMI
By Suban Abdulla LONDON (Reuters) - Activity in Britain's construction sector increased in April but growth was lopsided, with residential house-building suffering its steepest decline since May 2020,...
Syndicated Content May 05, 2023
World food prices rise for first time in a year- FAO
ROME (Reuters) - The United Nations food agency's world price index rose in April for the first time is a year, but is still some 20% up on a record high hit in March 2022 following Russia's invasion ...
Syndicated Content May 05, 2023
Foxconn’s April sales fall 12% on slowing smartphone business
TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler, said on Friday revenue in April fell 11.77% year-on-year due to weakness in smart consum...
Syndicated Content May 05, 2023
Euro zone companies are slowing price hikes – ECB poll
FRANKFURT (Reuters) - Euro zone companies are raising prices at a more moderate pace as their costs stabilise, demand cools and competition mounts, although growing wages remain a concern, according t...
Syndicated Content May 05, 2023
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