By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) – Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was hit by COVID lockdowns in China and weaker demand in the United States due to a stronger dollar. Kering shares …
Gucci China, US slump pushes Kering sales down 7% Read More »
By Tom Polansek (Reuters) – Countries ranging from the United States and Britain to France and Japan have suffered record losses of poultry in outbreaks of avian flu in the past year. The disease, which experts said is being spread by migratory birds, reached South American nations such as Ecuador, Peru and Bolivia for the …
Explainer-Bird flu: what are the risks to people and animals? Read More »
By Iain Withers LONDON (Reuters) -Barclays has docked the pay of some top executives by a combined 1 million pounds ($1.2 million) following regulatory missteps and a costly overissuance of billions of dollars worth of investment products in the United States. The British bank said in its annual report it had cut the 2022 bonus …
Barclays docks execs’ pay by 1 million pounds over regulatory failures Read More »
BELGRADE (Reuters) – Kosovo and Serbian leaders will have to make “difficult compromises” to resolve outstanding issues and normalise their relations, U.S. Secretary of State Antony Blinken said on Wednesday. U.S. and EU envoys are pressing the countries to approve a peace plan presented in mid-2022 under which Belgrade would stop lobbying against Kosovo having …
Blinken says Kosovo, Serbian leaders face ‘difficult compromises’ Read More »
(Reuters) – Italy’s Interpump expects sales growth of 25% between 2023 and 2025, the pump maker said on Wednesday after meeting its revenues goal of over 2 billion euros ($2.14 billion) last year. The company, which manufactures pumps for industrial uses including crop spraying and car washing, posted a flat core profit margin at 23.7% …
Italy’s Interpump forecasts 25% sales growth in 2023-25 Read More »
DUSHANBE (Reuters) – Avalanches killed 10 people in Tajikistan’s eastern Gorno-Badakhshan region on Wednesday, authorities said, after heavy snowfall in the area. One avalanche destroyed several buildings in the provincial capital Khorog, killing eight people, the emergencies committee said. Another hit the town of Vanj, killing one person; the third casualty was reported on a …
(Reuters) -Goldman Sachs Group Inc said on Wednesday a consumer-facing proprietary credit card never became “a meaningful part” of the bank’s strategy, highlighting the Wall Street giant’s retreat from its consumer banking ambitions. The emailed statement came after CNBC reported Goldman had dropped plans to develop a branded credit card for retail customers, citing people …
Goldman says consumer-facing credit cards never became ‘meaningful’ part of strategy Read More »
An Italian court on Wednesday acquitted former Prime Minister Silvio Berlusconi over allegations of bribing witnesses in an underage prostitution case. Berlusconi was accused of paying 24 people, mostly young guests at his so-called Bunga Bunga parties, to provide false testimony in a previous trial where he was charged with paying for sex with a …
Factbox-Berlusconi’s many court battles, one sole conviction Read More »
15 feb (Reuters) – El ministro de Asuntos Exteriores ruso, Serguéi Lavrov, dijo el miércoles que Moscú se centraría en acabar con lo que denominó un “monopolio” occidental sobre los asuntos mundiales como parte de una nueva política exterior, acusando a Occidente de suprimir centros de poder opuestos. Medios estatales rusos informaron la semana pasada …
La nueva política exterior rusa se centrará en acabar con el “monopolio” occidental Read More »
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – Italy’s government is seeking a new chief executive to run defence and aerospace group Leonardo, three sources familiar with the matter said, as Prime Minister Giorgia Meloni’s administration stamps its mark on key state-controlled companies. Former banker Alessandro Profumo, 65, has led Leonardo since 2017 but …
Italy wants new CEO at the helm of defence group Leonardo, sources say Read More »
