Keyword "RET" - List of latest news (2 764 results)

15:32 Breakingviews - EU’s Big Tech softball may yet become hardball

There are two ways to look at Ursula von der Leyen’s relatively softball fines for U.S. Big Tech. One is that Wednesday’s 500 million euro and 200 million euro hit for Apple and Meta Platforms respectively means that the European Commission president has buckled amid pressure from her opposite number, Donald Trump. The other is that the penalties for anti-competitive behaviour aren’t hugely differ

14:19 Breakingviews - AI weakness makes YouTube Alphabet’s new lynchpin

Through its 26-year run, a 6,000% run-up in its share price, and dominance of the global search engine market, Google owner Alphabet has become a $1.8 trillion internet goliath. It operates the world’s most popular operating system in Android, developed some of the crucial technological innovations behind artificial intelligence, and runs a colossal cloud computing service. Only among this jumble

13:11 Google, X next targets as Europe stays tough on tech regulation

Alphabet's Google and Elon Musk's X may be the next to face fines from European regulators, as they stay tough on Big Tech despite concerns of retaliatory U.S. tariffs, according to three sources with direct knowledge of the matter.

08:17 Exclusive: China EV giant BYD reboots Europe operations after strategic stumbles, sources say

China's leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said.

21:01 Walmart, Target Executives Meet Trump As Tariff Fears Spread

President Donald Trump met with major retailers at the White House, as business executives seek relief from sweeping tariffs that have destabilized global supply chains and rattled US consumers.

19:26 Google declined OpenAI bid for partnership, exec testifies at trial

Alphabet's Google shot down a bid by OpenAI to use its search technology within ChatGPT, an OpenAI executive testified on Tuesday at Google's antitrust trial in Washington.

21/04 Trump to meet major retailers to discuss tariffs, White House official says

U.S. President Donald Trump is set to meet with representatives from major retailers on Monday afternoon to discuss the effects of broad-based tariffs on their businesses, a White House official said.

21/04 GameStop CEO must face Bed Bath & Beyond lawsuit

Ryan Cohen, the billionaire chief executive of GameStop , must face a lawsuit by the company once known as Bed Bath & Beyond to recoup $47.2 million of profit from trading its stock before the home goods retailer went bankrupt.

21/04 Google faces trial in US bid to end search monopoly

Alphabet's Google faces a historic trial on Monday as U.S. antitrust enforcers in Washington seek to force the tech giant to sell off its Chrome browser as part of a bid to restore competition to the market for online search engines.

21/04 China's JD.com calls out anti-competitive pressures on food delivery couriers

Chinese e-commerce giant JD.com highlighted anti-competitive pressures on food delivery couriers in a social media post on Monday, alleging that other platforms were coercing couriers to avoid working with JD Takeaway.

20/04 DHL to suspend global shipments of over $800 to US consumers

DHL Express, a division of Germany's Deutsche Post , said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance.

17/04 Explainer: What does ruling on Google's illegal ad tech monopoly mean?

A U.S. judge's ruling that Google has illegal monopolies in ad technology sets up the possibility of U.S. prosecutors seeking a breakup. Here's what the case involves and what Google owner Alphabet faces from here.

17/04 Russian barriers to re-entry stymie prospects of Western companies' return

Three months after U.S. President Donald Trump returned to the White House promising a swift end to the conflict in Ukraine and sparking an early flurry of excitement that Western companies could come flooding back to Russia, realism has set in.

17/04 TSMC quarterly profit jumps, upbeat on outlook despite tariff uncertainty

Taiwan's TSMC , the world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.

17/04 Cut shifts or ramp up output? Vietnam's exporters face dilemma amid tariff chaos

There has been a chaotic reaction by exporters in the Southeast Asian industrial hub.

17/04 Litmus test for chip stocks as investors gird for TSMC earnings

Investors are bracing for the results from Taiwan's TSMC on Thursday to show further evidence of the wide-ranging uncertainty in the chip industry spurred by U.S. President Donald Trump's trade policies.

16/04 Meta trial: 5 key moments from Zuckerberg's testimony

Meta Platforms CEO Mark Zuckerberg testified this week at a high-stakes trial in Washington where the U.S. Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.

16/04 US retail sales surge in March due to motor vehicle buying ahead of tariffs

Households boosted purchases of motor vehicles ahead of tariffs, though concerns about the economic outlook are hurting discretionary spending.

16/04 Hongkong Post suspends goods mail services to US

Hongkong Post said on Wednesday it had suspended goods mail services by sea to the United States and will suspend its air mail postal service for items containing goods from April 27 due to "bullying" U.S. tariffs.

16/04 Shein's tariff-busting shift hits home in Chinese factory hub

The rapid rise of ultra-fast fashion retailer Shein has been so key to the fortunes of a group of urban villages on the outskirts of China's southern metropolis of Guangzhou that they have been colloquially dubbed "Shein villages".

16/04 Chinese exporters on Rednote ask local consumers to buy goods meant for US

Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs.

16/04 Forever 21 creditors face large losses under bankruptcy plan

Suppliers, vendors and other unsecured creditors of Forever 21 are "getting smoked" under a restructuring plan that envisions paltry recoveries on debts owed by the bankrupt fast fashion retailer, a lawyer for the company's unsecured creditors said on Tuesday.

15/04 At US antitrust trial, Meta's Zuckerberg admits he bought Instagram because it was 'better'

Meta CEO Mark Zuckerberg made a key concession at a U.S. antitrust trial on Tuesday, saying he bought Instagram because it had a "better" camera than the one his company was trying to build for flagship app Facebook at the time.

15/04 LVMH shares slump after luxury giant's Q1 sales miss forecast

LVMH shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while sales in China remained weak.

15/04 Breakingviews - LVMH’s opaque succession merits investor discount

Bernard Arnault has no succession plan, and no apparent intention of unveiling one soon. Indeed, the 76-year-old chairman and CEO of LVMH could spend another decade at the helm of the $300 billion French luxury giant. Shareholders will this week vote on whether to raise the age limit for both roles to 85. While Arnault’s age is not necessarily a problem for investors, the lack of clarity about who

14/04 LVMH misses sales forecast as core business slumps in first quarter

LVMH's first-quarter revenue undershot expectations, as shoppers in the United States pulled back on beauty products and drinks while sales in China stayed weak, the world's largest luxury group said on Monday.

14/04 Apple takes top spot for first-quarter smartphone sales, data shows

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.

14/04 Bullish trade in Apple options reaps gains as shares jump on tariff exemption

An unidentified options trader's multi-million dollar bet on a short-term rebound in Apple Inc.'s shares was set to reap a sizable profit as the iPhone-maker's shares soared on Monday following the Trump administration's weekend move to grant tariff exclusions for smartphones.

14/04 Facebook owner Meta faces existential threat at trial over Instagram, WhatsApp

Facebook parent Meta Platforms faces a high-stakes trial in Washington starting on Monday on claims it built an illegal social media monopoly by spending billions of dollars to acquire Instagram and WhatsApp, in a case where U.S. antitrust enforcers seek to unwind the deals.

14/04 European tech stocks climb as tariff exemptions remove worst-case scenario

Shares in European tech stocks rose on Monday after the U.S. granted exclusions from tariffs for smartphones, computers and some other electronics imported largely from China.

14/04 Taiwan tech supply chain stocks bounce back after Trump tariff exemptions

Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.

14/04 Indian shrimp industry sails in troubled waters after Trump tariffs

Turbulence unleashed by President Donald Trump's tariffs could rock global shipments of shrimp to the United States, with exporters in biggest supplier India saying they endanger 2,000 containers packed with the frozen delicacy.

14/04 Japan's Nikkei trades higher as iPhone-related stocks jump

Japan's Nikkei share average traded higher early on Monday as iPhone-related shares jumped after the U.S. administration granted exclusions from steep tariffs on smartphones and other electronics imported largely from China.

12/04 US excludes smartphones, computers from Trump's reciprocal tariffs

The Trump administration has granted tariff exclusions for smartphones, computers and other electronics imports supplied largely by China, sparing them from much of President Donald Trump's steep 125% duties.

12/04 Tesla stops accepting orders in China of US imported from the US.

Tesla Inc. stopped accepting orders in China of the Model S Sedanes and Model X Utilitarian Sports Vehicles - both imported from the United States - after countries increased tariffs that apply to each other in a growing commercial war.

12/04 What Samsung and Vietnam stand to lose in Trump's tariff war

Samsung would face significant hit from US tariffs on Vietnam.

12/04 Exclusive: Alphabet, Nvidia invest in OpenAI co-founder Sutskever's SSI, source says

Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI's former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar with the matter said.

11/04 Trump Tariff Surcharges Are Now Getting Added to Customer Bills

Companies are slapping “Trump tariff” surcharges on customers’ bills in a bid to signal where price hikes are coming from, a marketing gimmick that could help some niche brands cash in on the politically charged moment.

11/04 Trump trade war could hit imports at busiest US port in May, port executive says

Imports to the busiest U.S. seaport could drop as soon as May, as companies pause orders in response to President Donald Trump's escalating tariffs on China and other trading partners, Port of Los Angeles Executive Director Gene Seroka said on Friday.

11/04 German Birkenstocks, beer, and Riesling wine caught in US tariff crosshairs

In the Barbie movie, the iconic doll faces a pivotal decision: opt for her trademark but impractical sky-high stilettos or embrace the down-to-earth comfort of the quintessentially German Birkenstock sandal?

11/04 Exclusive: Shein gains UK approval for London IPO, awaits China nod, sources say

Online fast-fashion retailer Shein has secured approval from Britain's Financial Conduct Authority (FCA) for its planned initial public offering in London, according to two sources with knowledge of the matter.

11/04 Japan's Nikkei falls 5% on Wall Street's sharp decline

Japan's Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street's sharp losses amid worries over uncertainty about the trade war's potential economic fallout.

11/04 Popular Audi SUV made in Mexico "inventible" by tariffs

The Audi Q5 is the best -selling vehicle of the German brand in the US is also an excellent example of how the reorganization of world trade by Donald Trump wreaks havoc on car manufacturers.

10/04 Harley-Davidson board member resigns, cites 'grave concerns' about company

A Harley-Davidson director has resigned after expressing "grave concerns" about the current state of the company in a letter to the motorcycle maker's board.

10/04 Trump tariff pause leaves CEOs asking: What happens in 90 days?

U.S. President Donald Trump's sudden about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

10/04 Prada buys Versace to create Italian fashion powerhouse

Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion.

10/04 Apple airlifts 600 tons of iPhones from India 'to beat' Trump tariffs, sources say

About six cargo jets with a capacity of 100 tons each have flown out since March.

10/04 Uniqlo operator Fast Retailing's Q2 profit jumps 33%; raises forecast

The Japanese operator of Uniqlo on Thursday said earnings soared 33% in its second quarter and raised its full-year forecast even after accounting for the impact of U.S. tariffs on its global clothing enterprise.

10/04 Kering shares jump after reported talks for over $1.4 bln real estate sale in Milan

Kering shares jumped 10.8% in early Thursday trading after Italian newspaper Corriere della Sera reported that the luxury group was in talks to sell a building in Milan to a Qatari fund for more than 1.3 billion euros ($1.43 billion).

10/04 Exclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says

The tariffs will severely impact China's small enterprises and manufacturers, the association said.

10/04 Viola Davis makes younger self proud as US president in 'G20'

For Viola Davis, seeing her first images of a "badass Black woman on television" when she was growing up became an inspiration for her role as the U.S. president in the thriller film "G20."

10/04 Trump says TikTok deal is still 'on the table'

President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still "on the table" days after it was put on hold.

09/04 Breakingviews - Walmart’s happy face is hard to reflect back

Walmart CEO Doug McMillon is smiling, improbably, like the company’s yellow happy-face symbol. The $700 billion retailer clung to its annual financial forecasts despite rising U.S. tariffs and recession risks. The sheer number of unpredictable moving parts, however, blunts the reassurances.

09/04 Magnificent Seven to add more than $1 trillion in value after Trump pauses some tariffs

The "Magnificent Seven" stocks were poised to gain more than $1 trillion in market value on Wednesday after U.S. President Donald Trump approved a 90-day tariff pause, easing pressure on tech giants that had tumbled in recent sessions.

09/04 Has Trump cancelled Christmas? China's decorations makers report no US orders

Chinese producers of plastic Christmas trees and other festive decorations say orders from U.S. clients, which are crucial for their business, should have started to come in by now. But because of surging import tariffs, they haven't.

09/04 Trump tariffs anxiety: Individual investors flood advisers with calls but stay in the market

Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump's sweeping tariff announcements which have sparked fears of a recession. Among the most nervous are those approaching retirement, as the market slide wreaks havoc with portfolios.

09/04 Exclusive: Apple supplier Luxshare weighs manufacturing in U.S. to tackle tariffs

Apple supplier Luxshare is in talks with customers on ways to respond to U.S. tariffs by shifting more production outside China, including the United States, its chairwoman told analysts in a telephone call on Wednesday.

09/04 Breakingviews - Chipmaking giants face triple tariff hit

Chipmakers will feel the heat of Donald Trump's tariff rampage. The exemption of semiconductors from the U.S. president's announced levies may not last. What's more, the blow to demand for phones and other consumer electronics will be painful for Taiwan Semiconductor Manufacturing , Samsung Electronics and peers. Surging costs also will disrupt their bold plans to set up factories in the U.S.

09/04 Vietnam's deputy PM to meet US's Bessent, Boeing on Wednesday, schedule shows

Vietnam's Deputy Prime Minister is set to talk on Wednesday with U.S. Treasury Secretary Scott Bessent and plans also to meet Boeing, SpaceX and Apple executives this week, according to an internal schedule seen by Reuters.

09/04 Democratic US senators question Google and Microsoft's AI deals

Two Democratic U.S. senators demanded information from Microsoft and Google about their cloud computing partnerships with artificial intelligence companies, expressing concern the arrangements could stifle competition in the cutting-edge industry.

08/04 Musk’s X reaches deal to drop Twitch from lawsuit over ad spending

Elon Musk’s X has reached an agreement to resolve claims that live streaming service Twitch conspired with other companies and an advertising industry group to boycott the social media platform, causing it to lose ad revenue.

08/04 Retail tycoon Philip Green loses human rights case against UK

British retail tycoon Philip Green on Tuesday lost a legal case against the United Kingdom over the use of parliamentary privilege, which was invoked to publicly name him in 2018 as facing allegations of sexual harassment.

08/04 Levi Strauss maintains annual forecast, shares surge more than 7%

Levi Strauss maintained on Monday its annual forecast for sales and profit, excluding the impact of tariffs, and posted quarterly profit ahead of Wall Street targets, sending its shares up more than 7% in after hours trade.

08/04 Clothing retailers delay orders, freeze hiring as tariffs hit

Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China.

08/04 Some US consumers stockpile goods ahead of Trump's new tariffs

Pushing a shopping cart down the aisle of a Walmart Supercenter, Thomas Jennings, 53, loaded up on juices, condiments and whatever he could think of.

08/04 Hong Kong leader says city will sign more free trade pacts amid 'ruthless' US tariffs

Hong Kong leader John Lee said on Tuesday the city would sign more free trade pacts to diversify its risk amid a global trade war triggered by what he called "ruthless" U.S. tariffs that he said were disrupting the world economic and trade order.

08/04 Samsung sees Q1 profit beating estimates as looming tariffs spur chip, phone sales

Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2% fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned about U.S. tariffs.

08/04 Senator Warner says new Trump TikTok extension may violate law

The top Democrat on the Senate Intelligence Committee said on Monday that President Donald Trump's decision to extend a deadline for China-based ByteDance to divest short video app TikTok's U.S. assets violates the law.

07/04 Tariff storm ravages Magnificent Seven as Apple nears one-year low

The "Magnificent Seven" stocks sank on Monday, extending a market rout that has wiped off around $2 trillion from their combined value as investors worry about the financial fallout of U.S. President Donald Trump's global tariff war.

07/04 Apple appealing against UK 'back door' order, tribunal confirms

Apple is appealing against a British government order to create a "back door" to its encrypted cloud storage systems, the Investigatory Powers Tribunal (IPT) confirmed on Monday.

07/04 European stocks' stellar start to 2025 snuffed out as tariffs cloud Q1 earnings

European equities' impressive start to 2025 has been obliterated in three sessions of heavy selling, while executives tot up the potential impact of U.S. tariffs on supply chains, possibly forcing them to ditch previous financial predictions.

07/04 Samsung Q1 profit to drop 21% on weak AI chip sales, foundry losses

Samsung Electronics is expected to forecast a 21% drop in the first quarter profit on Tuesday, hurt by sluggish sales of artificial intelligence chips and continued losses in its contract chip manufacturing business.

06/04 Prada to make a decision on Versace deal this week, source says

Italian luxury group Prada is set to make a decision this week about a potential takeover of smaller rival Versace, a source close to the matter said on Sunday, as the negotiations enter a final phase.

06/04 EU seeks unity in first strike back at Trump tariffs

The European Commission, which coordinates EU trade policy, will propose to members late on Monday a list of U.S. products to hit with extra duties in response to Trump's steel and aluminium tariffs rather than the broader reciprocal levies.

05/04 Taiwan president discusses US tariff response with tech execs

Taiwan President Lai Ching-te met tech executives on Saturday to discuss how to respond to new U.S. tariffs, promising to ensure Taiwan's global competitiveness and safeguard the island's interests.

05/04 Foxconn reports record Q1 revenue, says it must closely watch global politics

Taiwan's Foxconn, the world's largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics.

05/04 US starts collecting Trump's new 10% tariff, smashing global trade norms

The initial 10% "baseline" tariff took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT) on Saturday, ushering in Trump's full rejection of the post-World War Two system of mutually agreed tariff rates.

05/04 Tesla perspectives continue to deteriorate due to "unprecedented damage to the brand"

One of the most pessimistic analysts of Tesla Inc. reducing the company's profits estimates again due to the magnitude of the rejection of car buyers against Elon Musk.

05/04 Microsoft, turning 50, dials up Copilot actions to stay in AI game

Thousands of people swooned in a dark conference hall that felt more like a rock concert when a Microsoft product manager demonstrated the company's latest feature: how to sum numbers in Excel, with the click of a button.

04/04 Trump TikTok sale deadline looms as US looks for deal

China's ByteDance faces a Saturday deadline to sell the U.S. assets of TikTok to a non-Chinese buyer, which was imposed by President Donald Trump in January, or face a ban that was supposed to take effect in January under a 2024 law. Trump said Thursday his administration is "very close" to reaching a deal on TikTok, with multiple investors involved.

04/04 China hits back hard in global trade war with tariffs on US goods

China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.

04/04 FDA suspends program to improve bird flu testing due to staff cuts

The U.S. Food and Drug Administration is suspending efforts to improve its bird flu testing of milk, cheese and pet food due to massive staff cuts at the agency, according to an email seen by Reuters and a source familiar with the situation.

04/04 Breakingviews - Shifting world order suits ‘inbetweener’ economies

If there was any remaining doubt, the unipolar U.S. moment is over. On January 30 newly installed U.S. Secretary of State Marco Rubio called time on the country’s three-decade-long run as the sole arbiter of global affairs, calling it an “anomaly”. A fortnight later, Secretary of Defense Pete Hegseth explained clearly the new dynamic when he described China as a “peer competitor” and told other me

04/04 Trump says China could get tariff relief if it approves TikTok deal

President Donald Trump on Thursday said he would consider a deal for TikTok where China agrees to approve the sale of the short video app owned by Byte Dance in exchange for relief from U.S. tariffs on Chinese imports.

03/04 Wall Street ends with heavy losses on fears Trump tariffs will trigger recession

Wall Street benchmarks slumped on Thursday, ending with the largest one-day percentage losses in years, as U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

03/04 A $2,300 Apple iPhone? Trump tariffs could make that happen.

Your favorite iPhone could soon become much pricier, thanks to tariffs.

03/04 Trump tariffs set stage for wave of profit warnings

U.S. businesses have talked a lot about tariffs in the past few months, but very few modeled for them in their earnings outlooks. With President Donald Trump's multi-front trade war now in full effect, investors and analysts expect a barrage of corporate profit warnings in the coming weeks that could jolt the stock market.

03/04 Ryan Gosling, Halle Berry and more pitch Amazon's deep dive into movies

Ryan Gosling, Chris Hemsworth, Halle Berry and other Hollywood stars turned on the charm in Las Vegas on Wednesday to showcase Amazon.com's expanded push into the movie business.

03/04 Shares in Nike, Adidas and Puma slide as tariffs hit Asian sourcing hubs

Shares in Nike , Adidas and Puma dropped sharply on Thursday after U.S. President Donald Trump imposed a raft of new tariffs, including on Vietnam, Indonesia, and China, key sourcing markets for the sportswear companies.

03/04 US tech, retail stocks lead rout after tariff shock

The global stock market carnage that followed U.S. President Donald Trump's sweeping new tariffs rippled through early trading in the United States, slamming a wide swath of key industries including retail and technology firms.

03/04 Southeast Asia nations, hit particularly hard by US tariffs, prep for talks with Trump

Vietnam's government said on Thursday it would set up a task force and other Southeast Asian nations said they plan to seek talks with Washington as they reel from being hit with some of U.S. President Donald Trump's heftiest tariffs.

03/04 With US tariffs, India's jewellery exports set for sharp decline

India's $32 billion gems and jewellery industry is bracing for a sharp fall in exports as hefty U.S. tariffs will impede overseas sales to its biggest market, industry officials said.

03/04 Trump tariffs: Companies grapple with a new reality 

Now that the U.S. has instituted broad tariffs worldwide, businesses will be forced to adjust - but the options to cope with the greater-than-expected levies are limited and unpalatable for companies and their customers.

03/04 Trump's auto tariffs to cover $600 billion in imports, including laptop computers

U.S. President Donald Trump's 25% auto tariffs will cover nearly $600 billion worth of vehicles and auto parts imports annually and extend to all computer imports into the U.S. - including laptops - according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

03/04 Tesla's number of vehicles delivered in January - March is declining, lowest in three years - "anti-mask" resonates

Electric vehicle (EV) manufacturer Tesla announced that sales for the first quarter of January-March (first quarter) fell 13% from the same period last year, marking the lowest level in almost three years. Model changes to major models and international backlash against CEO Elon Musk has been weighed down.

02/04 Amazon bids to buy TikTok as deadline looms, New York Times reports

Amazon.com has put in a last-minute offer to buy all of short-form video app TikTok, the New York Times reported on Wednesday, citing three people familiar with the bid.

02/04 Trump's reciprocal tariff plan amplifies risk of ocean shipping chaos, executives say

U.S. President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.

01/04 Michael Kors owner Capri's finance head jumps ship to Macy's

Capri Holdings' finance and operations head, Thomas Edwards, will leave the U.S. luxury holding company to assume similar roles at department store chain Macy's .

01/04 US first-quarter auto sales get a lift from looming Trump tariffs

U.S. buyers snapped up more pickup trucks and sport-utility vehicles in the first quarter from a year earlier in the run-up to President Donald Trump's tariffs on auto imports, which could raise prices by thousands of dollars.

01/04 US tariffs on Vietnam would be a blow to Nike and other sportswear brands

Nike could soon face another blow in its effort to revive its brand and reverse a long decline in sales: U.S. tariffs on imports from Vietnam.

01/04 Couche-Tard, 7-Eleven face early hurdle on store divestiture plan

Convenience store chain giants Couche-Tard and Seven & i , who are taking steps to divest thousands of stores they collectively own in North America to ease regulatory concerns ahead of a potential merger, are faced with an early test for the plan - attracting rival suitors for the stores.

01/04 Samsung Elec appoints mobile chief as interim head of consumer and mobile division

Samsung Electronics appointed on Tuesday its mobile chief Roh Tae-moon as acting head of the company's consumer and mobiles business, following the death of his predecessor, Han Jong-Hee, a week ago.

01/04 Australia retail sales edge higher as shoppers stay cautious

Australian retail sales rose modestly for a second straight month in February as a long-awaited cut in interest rates combined with slower inflation to boost consumer sentiment and spending power.

31/03 Breakingviews - Mini nuclear reactor rush has a short half-life

The rush to produce mini nuclear reactors on the cheap might have a short half-life. In search of vast quantities of power for the data centers fueling artificial intelligence, Meta Platforms , Alphabet and Amazon.com have backed a goal to triple the world’s nuclear power capacity by 2050. The prospects for nuclear are indeed brightening, but it is still more expensive and far slower to build than

31/03 French antitrust regulator fines Apple 150 million euros over privacy tool

Apple was hit with a 150 million euro ($162.42 million)fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices between 2021 and 2023 thanks to a privacy control tool.

31/03 Breakingviews - The Li’s brinkmanship with Beijing will be messy

China senses a betrayal by the Li family's plans to shed global assets as part of their effort to deal their way out of a value trap. Beijing's anger is evident through a series of critical editorials in the media against the Hong Kong family's flagship conglomerate, $21 billion CK Hutchison . But that brinkmanship between the two sides could easily spill into an active and messy conflict.

31/03 UK's Pets at Home forecasts lower fiscal 2026 profit on weak demand

Britain's Pets at Home Group on Monday forecast its fiscal 2026 underlying pre-tax profit to fall short of 2025 levels, as subdued demand for its pet accessories continues to impact performance.

31/03 UK's Primark boss Paul Marchant resigns after 'error of judgement'

Associated British Foods said the boss of its Primark clothing business, Paul Marchant, had resigned with immediate effect following an allegation made by an individual about his behaviour towards her in a social environment.

31/03 CK Hutchison shares fall after likely ports deal signing delay

Chinese state media stepped up criticism of CK Hutchison's deal to sell its Panama ports to a BlackRock-led group, sending its shares lower on Monday, as sources said the transaction, due to be signed on April 2, would be delayed.

31/03 For China and US Inc, Trump's trade war feels much worse this time

Chinese suppliers and their American clients are now coming to grips with the grim reality that this trade war will hit harder than in Trump's first term in 2018.

30/03 Insight: Martinique's water woes drive anger at French rule 

In Martinique, a French territory in the Caribbean, tourists flock to crystalline waterfalls nestling in the tropical rainforests. But the water that comes out of Christelle Marie-Sainte's tap at home runs yellow.

29/03 Eze inspired as Palace beat Fulham to reach FA Cup semis

Eberechi Eze capped a memorable week with a goal and an assist as a clinical Crystal Palace beat London rivals Fulham 3-0 on Saturday to book their place in the FA Cup semi-finals.

29/03 Japan's biggest beef bowl chain Sukiya to shut nearly 2,000 stores after rat and bug contamination

Japan's fast-food chain Sukiya will shut nearly all of its roughly 2,000 stores nationwide for four days from Monday following recent incidents of customers finding a rodent in a bowl of miso soup and a bug in another meal, it said on its website on Saturday.

29/03 China state media blasts CK Hutchison's Panama port deal in soon-deleted post

Chinese state media attacked Hong Kong conglomerate CK Hutchison's plan to sell its ports near the Panama Canal to a BlackRock-led group in a social media post on Saturday that was taken down minutes later.

28/03 CK Hutchison will not sign deal to sell strategic Panama ports next week, sources says

Hong Kong's CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, two people with direct knowledge of the matter said, amid growing pressure from Beijing.

28/03 Ubisoft jumps 10% after Tencent invests in new subsidiary

Ubisoft shares rose more than 10% on Friday after the French video game maker announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros.

28/03 Exclusive: Indian state firms seek stake in SQM's lithium projects in Australia, sources say

Four Indian state firms are in talks with Chilean miner SQM to acquire a 20% stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi's biggest effort to secure supplies of the key EV battery metal.

28/03 Lululemon Plunges With Outlook Hurt by US Consumer Worries

Lululemon Athletica Inc. shares dropped after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US.

27/03 Trading Day: Investors find auto motive for caution

Making sense of the forces driving global markets.

27/03 TikTok Shop steps up Europe expansion with US future unclear

E-commerce platform TikTok Shop said it will launch to users in France, Germany, and Italy on Monday, expanding its reach further into Europe even as TikTok faces being shut down in the U.S. if Chinese owner ByteDance does not find an American buyer.

27/03 Breakingviews - Dismal dollar-store deal upends recession logic

Dollar Tree’s latest bargain is its own operations. The discount retail chain is handing its down-market Family Dollar brand to a group of private equity firms for the meager price of $1 billion. As the economy weakens, stores that cater to price-sensitive customers might seem like a safe haven. Looming tariffs and cuts to government subsidies turn that logic on its head.

27/03 Coming to a store near you: double-digit coffee price hikes

If your favourite coffee beans have vanished from the shelves, don't worry - they will return soon. The bad news is they will be up to 25% more expensive.

27/03 Next CEO's billion pound milestone stirs succession concern

British clothing retailer Next joined the one billion-pound profit club on Thursday, but while investors celebrate, they are also starting to worry about the lack of a clear succession plan for its star CEO of 24 years Simon Wolfson.

27/03 H&M reports sluggish start to spring sales

H&M's sales were up just 1% in March after a weaker than expected first quarter, the Swedish fast-fashion retailer reported on Thursday, in a sign of a slow start to its spring and summer season.

27/03 Gold rises as fears mount over Trump's reciprocal tariff plans

Gold prices rose on Thursday as U.S. auto tariffs ratcheted up global trade tensions ahead of an April 2 deadline for reciprocal tariffs from the world's largest economy.

26/03 Wall Street ends down sharply on tariff worries; Nvidia and Tesla drop

Wall Street stocks ended sharply lower on Wednesday, dragged down by losses in Nvidia and Tesla as investors awaited information about long-promised U.S. tariffs on automotive imports.

25/03 How companies are responding to Trump's tariffs

Corporate America is scrambling to implement countermeasures as U.S. President Donald Trump's latest tariffs on Chinese imports went into effect last week, while some levies on Canada and Mexico have been suspended.

25/03 Samsung Electronics co-CEO Han Jong-hee dies, leaving new appointee in charge

Samsung Electronics said on Tuesday that co-CEO Han Jong-hee had died of a heart attack, leaving newly-appointed boss Jun Young-hyun solely in charge of the tech giant as it revamps its underperforming chip business and navigates trade uncertainties.

24/03 First-quarter US earnings outlook looks less rosy with tariff worries in focus

Analysts are turning more cautious on U.S. corporate earnings for the first quarter of this year.

24/03 US retailers haggle with suppliers after Trump tariffs

U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise.

23/03 Chinese premier warns of 'rising instability' at key business forum

Chinese Premier Li Qiang urged countries to open their markets to combat "rising instability and uncertainty" at a business forum in Beijing on Sunday, as China braces for further U.S. tariffs.

21/03 Canada’s Oldest Retailer, Hudson’s Bay, to Begin Liquidating Most Stores on Monday

Hudson’s Bay Co. ULC can begin liquidating all but six of its stores on Monday, an Ontario court decided on Friday, ending an era of department store dominance for Canada’s oldest company.

21/03 Trump's deal with law firm Paul Weiss sparks alarm among lawyers

Powerful Wall Street law firm Paul Weiss faced heavy criticism on Friday over a deal it struck with the White House to escape an executive order imperiling the firm's business, even as some lawyers said the firm faced few other options.

21/03 Musk Tells Tesla Employees Hang On to Stock After 50% Plunge

Elon Musk sought to reassure Tesla Inc. employees during what he referred to “a little bit of stormy weather,” after the carmaker’s shares plunged more than 50% in just three months.

21/03 Exclusive: Tesla trade-ins on pace for record high amid Musk backlash

Motorists have traded in a record number of Tesla electric vehicles this month, Edmunds data showed, amid a wave of protests against CEO Elon Musk's work as an adviser to U.S. President Donald Trump.

19/03 Senate Democrats urge Trump to reverse Federal Trade Commission firings

More than two dozen Democratic U.S. senators called on President Donald Trump on Wednesday to rescind his termination of the two Democratic members of the U.S. Federal Trade Commission.

19/03 Wall Street Change the Focus Foc

It is no longer the federal reserve stock market.

19/03 Trump fires both Democratic commissioners at FTC

President Donald Trump fired two Democratic commissioners at the U.S. Federal Trade Commission on Tuesday, in another major test of the independence of regulatory agencies.

10/03 Apple preparing for a major software overhaul, Bloomberg News reports

Apple is preparing a major overhaul of its software, due later this year, which will change the look of the operating systems and the interface of the iPhone, iPad and Mac, Bloomberg News reported on Monday, citing people familiar with the effort.

10/03 Exclusive: Apple, Meta likely to face modest fines over DMA breaches, sources say

Apple and Meta Platforms are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the matter said on Monday.

09/03 Hermes shows slick leather ensembles on dirt runway at Paris Fashion Week

Hermes designer Nadege Vanhee presented a fall-winter 2025 collection of glossy coats, dresses and trousers in dark-coloured leather on Saturday, showing the sleek styles on a dirt-covered runway in Paris.

08/03 Greenland candidate campaigns for better healthcare after beating cancer in Denmark

As Greenland's general election approaches, a candidate campaigns for access to better healthcare on the vast island, recounting his personal journey of beating cancer after having to travel to Denmark from a remote town to undergo treatment.

08/03 China’s AI catch-up begins to look inevitable: podcast

Beijing’s leap in developing silicon smarts, embodied in DeepSeek’s shockingly cheap model, will challenge US attempts to restrict cutting-edge technology. In this week’s Viewsroom podcast, Breakingviews columnists debate whether it will destabilize the AI market.

08/03 Apple says some AI improvements to Siri delayed to 2026

Some artificial intelligence improvements to Apple's voice assistant Siri will be delayed until 2026, the company said on Friday.

07/03 EU denies picking on US tech giants, says US also tackling monopolisation

Europe's new tech rule aims to keep digital markets open and is not targeted at U.S. tech giants, EU antitrust and tech chiefs told U.S. congressmen, reminding them that U.S. enforcers have in recent years also cracked down on these companies.

07/03 Focus: New York workers’ return to office ignites deal hopes in battered real estate market

Investors including Blackstone and wealthy individuals are scouting for office properties in New York as companies call employees back to the office, fueling a nascent recovery in the battered commercial real estate market.

07/03 Costco misses quarterly profit estimates on rising merchandise costs

Costco Wholesale would consider making changes to its international supply chain if tariffs from U.S. President Donald Trump lead to big price hikes, Chief Executive Officer Ron Vachris said on a conference call on Thursday.

06/03 Malaysia discusses absorbing U.S. chip tariffs with companies

Malaysia is discussing with chip companies based in the country whether they can absorb the impact of potential U.S. tariffs on semiconductors, its trade minister said, as it looks to hedge against risks to its export-driven economy.

06/03 Japan's Seven & i set to announce new CEO and restructuring plan, say sources

Seven & I Holdings , the Japanese operator of the 7-Eleven convenience store chain, is expected to announce on Thursday a change of CEO and plans to restructure its business, sources said, in the face of a $47 billion foreign takeover bid.

06/03 Trump plans executive order to strengthen US shipbuilding, blunt China domination

The U.S. plans to levy fees on imports arriving on Chinese-made ships and offer tax credits to resuscitate domestic shipbuilding and reduce China's grip on the $150 billion global ocean shipping industry.

06/03 Shipping firms pull back from Hong Kong to skirt US-China risks

Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.

05/03 Panama president says Trump lied about Panama Canal's 'reclaiming'

Panamanian President Jose Raul Mulino said on Wednesday morning that U.S. President Donald Trump was lying when he said that the North American leader's administration was "reclaiming" the Panama Canal.

05/03 What the Trump tariffs could mean for America's beloved pickup truck

U.S. President Donald Trump's 25% tariffs on Canada and Mexico have sent the U.S. auto industry scrambling to plan for the massive tax on some of America's best-selling vehicles, including full-sized pickup trucks, while pinning their hopes on a potential deal in Washington.

05/03 US services sector expands; price growth accelerates amid tariffs

U.S. services sector growth unexpectedly picked up in February and prices for inputs increased, which combined with a recent surge in the cost of raw materials at factories suggested that inflation could heat up in the months ahead.

05/03 Trump hails 'reclaiming' of Panama canal after BlackRock-led group's deal to buy stake

U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal.

04/03 Ross Stores forecasts annual sales, profit below estimates on weaker demand

Discount retailer Ross Stores forecast annual sales and profit below estimates on Tuesday, joining its larger peers in indicating a dip in consumer demand due to rising inflationary pressures.

04/03 Target braces for first-quarter profit pressure due to tariffs, low demand

Target warned on Tuesday that uncertainty around tariffs would weigh on the retailer's profit in the first quarter and doubled down on sourcing more of its products from countries including Guatemala.

04/03 Amazon's AWS forms new group focused on agentic AI

Amazon.com has formed a new group focused on agentic artificial intelligence to help users and customers automate more of their lives, according to an internal email viewed by Reuters on Tuesday.

04/03 Trump deregulation push boosts appeal of swap spread wideners in bond market

A potential move by the Federal Reserve to ease regulations on capital for U.S. banks that would allow them to hold more Treasury securities has unleashed a torrent of so-called swap spread wideners in the bond market.

04/03 Hong Kong firm to sell Panama Canal stake to BlackRock-backed group amid Trump pressure

Hong Kong's CK Hutchison on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, following intense pressure from U.S. President Donald Trump to curb China's influence in the region.

04/03 Storm clouds gather over US economy as Trump kicks off trade war

A U.S. economy praised for its surprising resilience to a pandemic, high inflation, and rapid interest rate hikes faces a new challenge from President Donald Trump's self-declared trade war, seen by economists as a recipe for fewer jobs, slower growth, and higher prices.

04/03 Nasdaq falls into correction territory as trade war worries weigh

Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading declines, as investors feared that an escalating trade war between the U.S. and its partners could damage the economy.

04/03 US autos, homebuilders, materials take hits as Trump trade war kicks off

Shares of U.S. companies have come under pressure from the latest escalation in Washington's trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors, including automakers, retailers and raw materials.

03/03 Chile’s Economic Activity Beats Analyst Forecasts for Fourth Straight Month

Chile’s economic activity rose more than expected for the fourth straight month in January, corroborating the central bank’s stance that there’s a high bar for further interest rate cuts.

03/03 Kroger CEO Resigns Over ‘Personal Conduct’ After Board Probe

Kroger Co. replaced Chief Executive Officer Rodney McMullen following an investigation into his personal conduct, which the US supermarket chain said was unrelated to the company’s financial performance and didn’t involve Kroger employees.

27/02 Amazon presents the expected version with ia of Alexa

Amazon.com Inc. launched a new version of Alexa with artificial intelligence.

26/02 Lowe’s Expects to Reverse Sales Slump on Improving Demand

Lowe’s Cos. forecast sales to rise this year, an early sign that consumers are starting to spend again after staying on the sidelines due to higher rates.

24/02 Alibaba Plans to Spend $53 Billion on AI in a Major Pivot

Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.

21/02 Alibaba's revival is clear, AGI development "first priority target" and CEO - stock growth

Chinese e-commerce giant Alibaba Group saw its biggest increase in sales in the last year in October-December 2024 (third quarter). It has become clear that the pioneer of the Chinese internet industry, which was established by Jack Ma, has escaped from a stagnation for several years and is making a comeback.

20/02 Megawati ordered the regional head from PDIP back and forth, did not join the Magelang retreat

Chairman of the PDIP DPP Megawati Soekarnoputri ordered the regional heads who were carried by his party not to attend the retreat event in Magelang.

19/02 Walmart faces some tariff challenges as Wall Street awaits record-breaking sales

Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said.

31/01 Costco Raises Pay to Over $30 an Hour for Most Store Workers

Costco Wholesale Corp. is raising pay for most of its hourly US workers to more than $30 an hour amid contract talks with unionized employees.

25/01 Exclusive: FTC chairman says COVID is long over, get back to the office

The chairman of the Federal Trade Commission on Friday acknowledged staff anxiety over returning to full-time in the office at an agency where around 80% work from home most of the week, but said the COVID pandemic is long over and workers need to be at their desks.

24/01 Meta to spend up to $65 billion this year to power AI goals, Zuckerberg says

Meta Platforms plans to spend as much as $65 billion this year to expand its AI infrastructure, CEO Mark Zuckerberg said on Friday, aiming to bolster the company's position against rivals OpenAI and Google in the race to dominate the technology.

24/01 Target ending DEI initiatives amid Trump's order on diversity programs

Target is ending its diversity, equity and inclusion program along with other equity initiatives, the retailer said on Friday, becoming the latest U.S. firm to pull back these policies, meant to boost racial and ethnic representation at workplaces.

24/01 Shein tells UK lawmakers it does not allow Chinese cotton in products sold in US

Online fast-fashion retailer Shein requires its contract manufacturers to only source cotton from approved regions, which do not include China, for products it sells in the United States, its biggest market, the company said on Friday.

24/01 Wall St Week Ahead Fed's rate-cut view set to test resurgent US stocks rally

The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead.

24/01 Morning Bid: Dollar swoons as BOJ hikes, euro zone grows, yuan relieved

A look at the day ahead in U.S. and global markets from Mike Dolan

24/01 India antitrust body seeks official documents in Pernod Ricard probe

India's antitrust watchdog has sought additional information and documents from Delhi city authorities as it steps up an investigation into allegations of competition law violations by France's Pernod Ricard , a government document shows.

24/01 Burberry gets holiday boost thanks to American shoppers

Burberry reported a smaller than expected 4% drop in quarterly comparable store sales on Friday, helped by a stronger holiday season in the United States, an encouraging step in the British luxury brand's turnaround efforts.

24/01 European earnings may keep the mood sweet as tariff fears grow

European companies are set to deliver a third straight quarter of profit growth, which may help to maintain newfound investor enthusiasm for the region despite political and economic turmoil and concerns over U.S. President Donald Trump's tariffs threat.

24/01 Costco shareholders vote against proposal for report on diversity programs

Costco Wholesale shareholders voted against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, against the backdrop of intense scrutiny of such policies.

24/01 Breakingviews - How China can keep pace in the global AI race

In 2023, smartphones-to-silicon conglomerate Huawei quietly released its flagship Mate 60 Pro handset. The launch, while muted, was worth celebrating in the People’s Republic: the device featured a made-in-China chip that had previously seemed out of reach amid crippling U.S. sanctions. Late last month, Hangzhou-based startup DeepSeek added the latest technological surprise by claiming to have tra

23/01 Focus: Behind $500 billion AI data center plan, US startups jockey with tech giants 

This week's announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector.

23/01 Britain appeals to Big Tech with change of regulatory guard

Britain's choice of a former Amazon executive to chair its antitrust regulator is a clear pitch for investment, including from Big Tech, and signals it is prepared to go easier on deal-making if that would help, company bosses and lawyers said.

23/01 Primark cuts sales outlook after weak Christmas quarter

Associated British Foods downgraded the annual sales guidance for its Primark budget clothing business on Thursday after disappointing results in the Christmas quarter in its main UK and Ireland market.

23/01 'De minimis': the trade perk Trump may end as China tensions rise

President Donald Trump is considering changing a key U.S. trade benefit to other nations, the "de minimis" exemption on import tariffs, as he accuses China of unfair trade practices and blames it for a crisis over the deadly drug fentanyl.

23/01 Exclusive: India watchdog faults probe of Foxconn hiring, orders new inquiry

India's powerful human rights watchdog has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show.

23/01 Samsung unveils AI smartphones with Qualcomm chips, teases slimmer Galaxy phones

Samsung Electronics on Wednesday unveiled its newest Galaxy S25 smartphones, powered by Qualcomm's chips and Google's artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals.

23/01 Amazon to Close Warehouses in Quebec, Eliminating 1,900 Jobs

Amazon.com Inc. will shut down all warehouses and lay off employees in the French-speaking Canadian province of Quebec. The decision comes less than a year after workers at one of those facilities unionized.

23/01 CNN and NBC News to lay off employees, CNBC reports

CNN, a unit of Warner Bros Discovery , plans to lay off hundreds of employees on Thursday, as it refocuses the business around a global digital audience, CNBC reported on Wednesday, citing people familiar with the matter.

22/01 Trump's DEI cuts force Davos elite to find new words for diversity

President Donald Trump's escalating pressure on the private sector to ditch diversity programs has left some in Davos searching for new words to describe workplace practices they say are essential to their businesses.

22/01 Puma launches cost-cutting drive after 2024 net profit disappoints

Sportswear brand Puma announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior year's level, missing its expectations.

22/01 Amazon exits Quebec operations, to cut about 1,700 jobs

E-commerce giant Amazon.com is exiting its operations in Quebec, leading to the loss of about 1,700 full-time jobs, a company spokesperson said on Wednesday.

22/01 Private equity mega-exits become more valuable amid slow investor payouts

Calpine Corp's $16.4 billion sale to Constellation Energy is set to generate a handsome windfall for the power producer's owners, but has also stoked hopes within the private equity world that similar mega-exits may help an industry struggling to return investor cash.

22/01 Procter & Gamble tops quarterly results estimates on improving US demand

Procter & Gamble beat second-quarter results estimates on Wednesday, driven by growing demand for its household items such as Pantene shampoos and Tide detergents as product innovations across price tiers helped lure more U.S. customers.

22/01 Wealthy Indians tap into bathroom luxury with $18,500 smart toilets

In India's polluted northern city of Kanpur, Rajat Ghai has a penchant for Rado watches and Louis Vuitton shoes. Now, as the 31-year-old entrepreneur builds his dream home, he is indulging his designer tastes with a luxury bathroom.

22/01 Exclusive: Warren Buffett's Pilot Co shuts oil trading business, sources say

Warren Buffett's Pilot Co is shuttering its international oil trading business, ending an excursion into the trillion-dollar global market to refocus on its Pilot Flying J service stations and truck stops in the U.S., three sources told Reuters on Tuesday.

21/01 Breakingviews - Donald Trump erratically waves sword of Damocles

Donald Trump returned to the presidency swinging his pen wildly. Some 200 executive actions included efforts to end the U.S. offshore wind industry, roll back vehicle emission constraints, curb immigration and pardon 1,500 insurrectionists who stormed the Capitol on Jan. 6, 2021. The first-day agenda, however, stopped short of firing the opening shots of a promised worldwide trade war, leaving the

21/01 Trump executive order leaves TikTok in legal limbo, for now

U.S. President Donald Trump's executive order to restore access to TikTok has created a thicket of new legal questions for the short-video platform, along with new tensions between the White House, members of Congress who want the platform banned, and tech companies caught in the middle.

21/01 TikTok app unavailable on Apple, Google stores in US despite Trump delaying ban

TikTok remained unavailable on Apple and Google app stores in the U.S. on Tuesday, a day after President Donald Trump signed an executive order delaying the enforcement of a ban on the popular Chinese-owned short-video app by 75 days.

21/01 German carmakers say Trump tariffs would hurt US consumers, industry

U.S. President Donald Trump's tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany's powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties.

21/01 Greenpeace activists slip through Davos security to stage climate protest

Greenpeace activists evaded the World Economic Forum's tight security checks on Tuesday, staging a brief climate change protest outside the main hall of the annual meeting in Davos.

21/01 Trump's inaugural brings the world's billionaire elites en masse to DC

The attendees at a U.S. presidential inauguration do not often resemble the annual gathering of the world's richest in Davos, Switzerland, which kicked off on Monday, but the parallels were hard to ignore as Donald Trump was sworn in as U.S. President.

21/01 Burberry investors watch for signs of sales turnaround

Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand reports sales for the crucial festive season this Friday.

21/01 Trump effectively pulls US out of global corporate tax deal

President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., effectively pulling America out of the landmark 2021 arrangement negotiated by the Biden administration with nearly 140 countries.

21/01 Americans divided over Trump inauguration, some tune it out

U.S. President Donald Trump's supporters on Monday praised his swift executive actions upon his return to the White House, while critics derided his planned mass deportations and a rollback in diversity, equity and inclusion policies.

21/01 Biden FTC chair Khan to resign from commission in coming weeks

Lina Khan, who headed the U.S. Federal Trade Commission under former President Joe Biden until Monday, will resign from the commission in the coming weeks, she told staff in a memo.

20/01 TikTok awaits Trump reprieve as China signals it is open to a deal

The app and website were operational on Monday, but TikTok was still not available for download in the Apple and Google app stores, suggesting the two companies were waiting for clearer legal assurances.

20/01 Trump's inauguration billionaires, CEOs: Ambani, Zuckerberg, Bezos attend church, ceremony

Tech billionaires, foreign diplomats and CEOs shadowed U.S. President Donald Trump on Monday, with several attending St. John's Church in Washington and seated prominently on the dais in the U.S. Capitol ahead of his speech.

20/01 Davos climate activists paint Amazon base green, disrupt helicopters

Climate activists sprayed green paint over Amazon's base in Davos on Monday and disrupted helicopter landings at the start of the World Economic Forum's annual meeting.

20/01 Top IKEA retailer warns in Davos that tariffs could drive prices higher

For budget furniture retailer IKEA, the fewer trade tariffs there are, the better, CEO of Ingka Group, the biggest global IKEA franchisee, told Reuters on Monday as businesses braced for higher possible U.S. tariffs under President Donald Trump.

20/01 Breakingviews - Davos becomes world’s most exclusive watch party

The Swiss town of Davos will this week host what amounts to an exclusive watch party for the season premiere of Donald Trump’s second term. The annual gathering of the World Economic Forum (WEF), held in the alpine resort each January, presents itself as a place where the world’s political, business, and financial leaders meet to solve big problems. This year, though, the 2,750 delegates will spen

20/01 Costco Teamsters vote to authorize US-wide strike, union says

Teamsters said on Sunday its members at U.S. retailer Costco Wholesale voted in favor of a nationwide strike, as they entered a final round of talks to reach a new contract ahead of a Jan. 31 deadline.

19/01 TikTok Goes Dark for US Users, App Stores Remove Platform

TikTok suspended its services for US-based users while Apple Inc. and Google removed the platform from their mobile app stores to avoid penalties under a new law, as the social media company awaits a possible reprieve from President-elect Donald Trump to continue operations.

18/01 TikTok faces US ban deadline as users brace for fallout

The platform has until Sunday to cut ties with its China-based parent, ByteDance, or shut down its U.S. operation to resolve concerns it posed a threat to national security.

17/01 Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.

17/01 Biden or Trump can still rescue TikTok - here's how

Trump is seeking to protect TikTok from a new law that gives parent ByteDance until Sunday to sell the app to an American buyer or be banned in the U.S.

17/01 What happens on Trump's Inauguration Day?

Donald Trump will be sworn in as president of the United States on Monday, ushering in his second term in office and capping one of the most astounding political comebacks in American history.

17/01 Senate Democrats ramp up pressure on Biden to delay TikTok ban

A growing number of lawmakers are urging President Joe Biden to grant a reprieve to prevent TikTok from going dark in the United States as soon as Sunday, warning millions of creators and businesses could be hurt.

16/01 Trump will keep TikTok from 'going dark' if deal is on table, adviser says

U.S. President-elect Donald Trump's incoming national security adviser said on Thursday the new administration will keep TikTok alive in the United States if there is a viable deal.

16/01 US retail sales rise solidly in December

U.S. retail sales increased solidly in December, pointing to strong demand in the economy and further reinforcing the Federal Reserve's cautious approach to cutting interest rates this year.

16/01 Luxury groups pin hopes on US as China weakness persists

Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China.

16/01 How a TikTok ban would work and why users can't easily bypass it

Social media app TikTok, which is owned by China's ByteDance, will be banned in the United States on Sunday unless a deal comes together to sell it to a U.S. investor or the U.S. Supreme Court intervenes.

16/01 Alphabet CEO to join tech leaders at Trump inauguration

Alphabet CEO Sundar Pichai is among the Big Tech leaders planning to attend U.S. President-elect Donald Trump's inauguration on Monday, a person familiar with the matter told Reuters on Wednesday.

16/01 Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround

Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.

16/01 TikTok, 5 other Chinese firms hit by EU privacy complaints

TikTok, Shein, Xiaomi and three other Chinese companies were named in a privacy complaint filed on Thursday by Austrian advocacy group Noyb which claimed the firms were unlawfully sending European Union user data to China.

16/01 TSMC Q4 profit leaps to record on strong demand for AI chips

Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing.

16/01 Morning Bid: Brief relief for markets after tame US inflation

A look at the day ahead in European and global markets from Ankur Banerjee

16/01 Apple loses smartphone sales crown in China, drops to third in 2024

Apple was dethroned as China's biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after its annual shipments in the country declined 17%, data from research firm Canalys showed on Thursday.

16/01 Exclusive: Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal, sources say

Apple is in talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

15/01 Michigan governor warns Trump tariffs on Mexico, Canada could harm US auto sector

Michigan Governor Gretchen Whitmer warned on Wednesday that potential 25% tariffs on imports from Mexico and Canada suggested by President-elect Donald Trump could harm the U.S. auto sector, increase vehicle prices and benefit China.

15/01 US closes probe into GM Cruise self-driving vehicles over pedestrian risks

U.S. auto safety regulators on Wednesday closed a probe into whether General Motors’ self-driving unit Cruise robotaxis were taking sufficient precautions to safeguard pedestrians.

15/01 Goldman Sachs CEO says Apple card partnership may end before 2030

Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.

15/01 Space startup funding set for boost from US-China rivalry in 2025, report says

Funding in the space industry is set to receive a boost this year from growing U.S.-China tensions, after startups in the sector clocked $8.6 billion in investments in 2024, according to a report by investment firm Seraphim Space.

15/01 TikTok preparing for U.S. shut-off on Sunday, The Information reports

TikTok plans to shut off its app for U.S. users on Sunday, when a federal ban on the social media app could come into effect, The Information reported on Tuesday, unless the Supreme Court moves to block it.

14/01 Over half a million ‘TikTok refugees’ flock to China's RedNote 

New users have piled in to Chinese social media app RedNote just days before a proposed U.S. ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters.

14/01 Musk, Bezos and Zuckerberg to attend Trump's inauguration

Tech CEOs Elon Musk, Jeff Bezos and Mark Zuckerberg will attend U.S. President-elect Donald Trump's inauguration on Monday, according to a source familiar with planning for the event.

14/01 Biden signs executive order to ensure power for AI data centers

President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said.

14/01 What happens on Trump’s Inauguration Day?

Donald Trump will be sworn in as president of the United States on Monday, ushering in his second term in office and capping one of the most astounding political comebacks in American history.

14/01 US lawmakers urge Biden to extend TikTok Jan. 19 ban deadline

Two Democratic lawmakers on Monday urged Congress and President Joe Biden to extend a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of TikTok or face a U.S. ban.

13/01 Apple, Samsung smartphone shipments fall in fourth quarter as China competition bites, IDC says

Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC) on Monday.

13/01 Exclusive: Tech supplier Arm plans to hike prices, has considered developing its own chips

Arm Holdings , , a technology supplier to chip firms, is developing a long-term strategy to hike prices by as much as 300% and has discussed designing its own chips in a move to compete with its biggest customers.

13/01 Apple fights $1.8 billion App Store lawsuit in first of UK class actions against tech giants

Apple has abused its dominant position by charging app developers an unfair 30% commission through its App Store, costing British consumers up to 1.5 billion pounds ($1.8 billion), a London tribunal heard on Monday.

13/01 How the new AI chip rule from the US will work

The rule regulates the flow of American AI chips and technology needed for the most sophisticated AI applications.

13/01 US tightens its grip on AI chip flows across the globe

The U.S. government said on Monday it would further restrict artificial intelligence chip and technology exports, divvying up the world to keep advanced computing power in the U.S. and among its allies while finding more ways to block China's access.

13/01 Bezos' Blue Origin prepares for debut New Glenn rocket launch

Jeff Bezos' Blue Origin prepared for the inaugural launch of its New Glenn rocket from Florida early on Monday, nearing a pivotal debut in Earth orbit that will mark a major step towards a long-awaited goal of competing with Elon Musk's SpaceX in the satellite launch market.

13/01 TSMC fourth-quarter profit seen jumping 58% on strong AI chip demand

Taiwan Semiconductor Manufacturing Co , the main global producer of advanced chips used in artificial intelligence applications, is expected to report a 58% leap in fourth-quarter profit on Thursday because of surging demand.

12/01 Man Utd win FA Cup third round shootout at Arsenal, Spurs need extra time

Tottenham Hotspur survived a major scare in its match with non-league side Tamworth.

12/01 Apple's board recommends shareholders vote against proposal to eliminate diversity programs

Apple's board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company.