Keyword "SPCRET" - List of latest news (1 695 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.

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.

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 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 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 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 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.

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).

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.

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 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 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 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.

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 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.

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.

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 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.

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

Making sense of the forces driving global markets.

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 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.

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 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.

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 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 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 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.

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 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.

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 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.

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 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.

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 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 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

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 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 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 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 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.

10/01 Prada among suitors looking at Versace, newspaper reports

Italy's Prada , is among potential suitors examining the acquisition of fashion group Versace which Capri Holdings has put up for sale, daily Il Sole 24 ore reported on Friday.

10/01 Breakingviews - Toymakers build fun Hong Kong stocks a playground

Hong Kong's long-dormant animal spirits have found a fun niche in an otherwise gloomy market. Shares in Chinese toymaker Bloks surged 82% on their Friday debut, thanks to overwhelming demand in the city. The $2 billion firm, which specialises in assembling Transformers and other figurines, is tapping into the country's collectible toy frenzy led by Hong Kong-listed peer Pop Mart , whose stock cloc

09/01 Uniqlo operator posts higher Q1 profit despite sluggish China results

The operator of the Uniqlo global clothing chain reported first quarter results on Thursday that trailed analyst forecasts as a sharp decline in profit in China overshadowed strong sales in its home market of Japan.

09/01 Breakingviews - Altered states will rule in 2025: podcast

Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript.

09/01 Apple clarifies Siri privacy stance after $95 mln class action settlement

Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations.

08/01 Judge approves Tesla directors' deal to end excess pay case

Tesla directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves.

08/01 Apple still barred from selling iPhone 16 in Indonesia despite investment deal, minister says

Apple still cannot sell its iPhone 16 in Indonesia despite striking a deal to build a local production facility there, as it has not met domestic content rules, the industry minister said on Wednesday.

08/01 GM faces class action in Australia over Holden transmission issues

Australian law firm Maurice Blackburn said it had filed a class action lawsuit against U.S. carmaker General Motors' local unit, alleging the transmission systems of certain models of its now-defunct GM Holden brand were defective.

08/01 Pink fox 'Linabell' wins Chinese hearts as Disney taps emotional economy

Each week, whenever she has time off from her marketing job, Ida Jia can be found at Shanghai Disneyland queuing for hours to spend a few minutes with Linabell, a fluffy pink fox with big blue eyes.

06/01 What happens after the TikTok ban?

The U.S. Supreme Court will hear arguments on Friday from TikTok and its China-based owner ByteDance, which is seeking to block a law signed by President Joe Biden that will ban the short-form video app beginning Jan. 19 unless it is divested from ByteDance, due to national security concerns. TikTok requested an injunction to pause the ban during the legal process, but the Supreme Court did not im

03/01 Foreign smartphone shipments in China slump 47% in November

Shipments of foreign-branded smartphones, including Apple Inc's iPhone, in China fell in November by 47.4% from a year earlier, according to data released on Friday from a government-affiliated research firm.

03/01 Trouble in China's shopping paradise as Hainan duty-free spending falls 29%

Duty-free spending in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, slumped 29.3% last year as a weak economy saw a sharp drop in domestic visitors.

02/01 Apple to pay $95 million to settle Siri privacy lawsuit

Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users' privacy.

02/01 Unity Software shares surge after cryptic post by 'Roaring Kitty'

Unity Software's shares rose nearly 10% on Thursday as a cryptic post by "Roaring Kitty" on social media platform X sparked enthusiasm, following a challenging year for the videogame software maker.

02/01 Nvidia's market value gets $2 trillion boost in 2024 on AI rally

Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries.

02/01 Apple offers iPhone discounts in China as competition intensifies

Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the U.S. tech giant moves to defend its market share against rising competition from domestic rivals like Huawei.

30/12 Taiwan board game invites players to imagine Chinese invasion

A new board game set against the backdrop of armed conflict around Taiwan is set to be released in January 2025, amid renewed threats from Beijing, inviting players to participate in an imaginary Chinese invasion 20 years from now.

30/12 Breakingviews - Smart glasses give tech giants dangerous FOMO

Smart glasses will come into focus in 2025. Meta’s collaboration with EssilorLuxottica has become a bestseller in most Ray-Ban stores across Europe, the Middle East and Africa, with total sales topping 1 million units, according to Counterpoint Research. Early success has emboldened rivals to develop their own specs.

26/12 US holiday retail sales stronger than last year, Mastercard says

Walmart, Target, Amazon.com and other retailers ramped up promotions and value messaging to entice customers during a shorter holiday season.

24/12 Home goods retailer The Container Store files for bankruptcy protection

Custom closets manufacturer The Container Store filed for Chapter 11 bankruptcy protection in the United States, as the retailer struggles with mounting debt and weak consumer demand.

23/12 Trump previews combative foreign policy with threats to Panama, Greenland

Donald Trump's surprise threat to retake control of the Panama Canal and his expansionist declaration that the United States should own Greenland signals that the incoming U.S. president will pursue a foreign policy unbound by diplomatic niceties.

23/12 After Trump threat, Mexican president says Panama Canal belongs to Panamanians

Mexican President Claudia Sheinbaum expressed support for Panama's government on Monday after U.S. President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal on Sunday.

23/12 Apple approaches $4 trillion valuation as investors bet on AI momentum

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales.

23/12 Nordstrom agrees to be taken private by founding family in $6.25 billion deal

Nordstrom has agreed to be acquired by its founding family and Mexican retailer El Puerto de Liverpool in a deal that values the luxury department store operator at about $6.25 billion, including debt.

23/12 Senegal's toy makers thrive ahead of Christmas

Senegal's local toymakers are experiencing a boom in demand ahead of Christmas, with sellers hoping to win market share with high-quality products that reflect the country’s culture and values.

23/12 Shrinking US bar tabs signal little festive cheer for liquor makers

Meaghan Dorman's five New York bars look just as full as they always do in December - packed with couples on dates, holiday get-togethers and business meet ups. But when takings are counted, it's clear that customers are spending less.

23/12 Murdoch's News Corp to sell Foxtel to DAZN for $2.1 billion

News Corp will hold a 6% stake in DAZN, a streaming platform backed by Len Blavatnik.

21/12 Retailer Party City files for bankruptcy, will wind down 700 stores

Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the second time in two years as it plans to wind down its retail and wholesale operations.

21/12 Google says it could loosen search deals in US antitrust case

Alphabet's Google proposed on Friday a loosening of its agreements with Apple and others to set Google as the default search engine on new devices to address a U.S. ruling that it unlawfully dominates online search.

21/12 US finalizes up to $6.75 billion in chips awards for Samsung, Texas Instruments, Amkor

The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chip production.

20/12 Nike's new CEO plans to go back to basics in brand overhaul effort

Nike's new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries.

20/12 Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers

Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines to emphasize scarves, belts, wallets and home goods priced at $500 and under.

19/12 Nike profits and sales beat forecasts, shares surge 11%

Nike beat quarterly profit expectations and posted a smaller-than-expected drop in revenue on Thursday, as customers flocked to the embattled sportswear brand's stores and website to buy newly released versions of performance and running shoes.

19/12 Arm, Qualcomm to make closing cases in chip license dispute trial

Lawyers for Arm Holdings , and Qualcomm are set to make closing arguments on Friday in a case that could upend Qualcomm's push into the PC market with a chip meant to rival Apple and Intel on speed.

19/12 Breakingviews - Brick phones will ring in an unlikely revival

Smartphone makers will soon face an unlikely competitor. Concerns about the impact of social media are driving demand for old-school Nokia brick-like handsets, now known as feature phones. If Apple and Samsung don’t find a way of selling safer versions, they may lose out.

19/12 Breakingviews - Luxury firms will warily cut prices to boost sales

Europe’s top fashion houses will reluctantly conclude that high profit margins are a luxury they can no longer afford in 2025. The likes of LVMH , Kering and Chanel aggressively hiked prices on handbags, shoes and jackets during the pandemic. As demand from Chinese consumers rapidly cools, CEOs will be forced to rethink.

19/12 Apple in talks with Tencent, ByteDance to roll out AI features in China, sources say

Apple is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence models into iPhones sold in China, according to three sources familiar with the matter.

19/12 Apple hits out at Meta's numerous interoperability requests

Apple on Wednesday hit out at Meta Platforms , saying its numerous requests to access the iPhone maker's software tools for its devices could impact users' privacy and security, underscoring the intense rivalry between the two tech giants.

18/12 As bitcoin soars, luxury brands consider accepting crypto payments

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors.

17/12 Arm, Qualcomm lawyers grill ex-Apple exec in chip design battle

Attorneys for Arm , and Qualcomm grilled a former Apple executive on Tuesday about a key question for the future of the chip industry: Who owns the intellectual property built on top of Arm's computing architecture?

17/12 Exclusive: Congo files criminal complaints against Apple in Europe over conflict minerals

The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters.

16/12 TikTok turns to US Supreme Court in last-ditch bid to avert ban

TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan. 19 or face a ban.

16/12 Exclusive: Shein weighs sale of less than 10% of company in London IPO, sources say

Fast fashion retailer Shein is considering asking UK regulators to waive listing rules that require at least 10% of its shares to be sold to the public in its planned London flotation, two people with knowledge of the matter said.

16/12 China's Instagram-like Xiaohongshu making inroads with e-commerce sales

Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a following of more than 500,000 people.

16/12 China's 'erotic clothing' capital braces for Trump and e-commerce crackdown

The development of the lingerie industry in eastern Guanyun county has exploded partly due to a U.S. tariff exemption likely to soon be curtailed or scrapped.

14/12 US court rejects TikTok request to temporarily halt pending US ban

A U.S. appeals court on Friday rejected an emergency bid by TikTok to temporarily block a law that would require its Chinese parent company ByteDance to divest of the short-video app by Jan. 19 or face a ban on the app.

12/12 Chanel picks Matthieu Blazy as creative director

French fashion house Chanel selected former Bottega Veneta design chief Matthieu Blazy as its next creative director, the company said on Thursday, after months of fevered speculation about the industry's most coveted job.

12/12 US asks court to reject TikTok's bid to stave off law that could ban the app

The Justice Department late on Wednesday asked a U.S. appeals court to reject an emergency bid by TikTok to temporarily block a law that would require its Chinese parent company ByteDance to divest the short-video app by Jan. 19 or face a ban.

12/12 7-Eleven battle shows resilience of Japan Inc's family ties

A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven's parent company prompted a $58 billion takeover offer from the Ito dynasty that built the retail giant.

11/12 Stunning rally in Big Tech drives Nasdaq to 20,000

The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest rates fueled a searing rally in technology stocks.

11/12 Stocks cheered Trump's victory, but tariffs bring unknowns to 2025

The U.S. stock market welcomed Donald Trump's victory in the 2024 presidential election, but turbulence may lie ahead if the president-elect makes good on his tariff threats.

11/12 GameStop reports third-quarter profit on spending cuts

GameStop reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.

10/12 China cosmetics firm Mao Geping shares rise nearly 75% in Hong Kong debut

Mao Geping shares rose almost 75% on Tuesday after the Chinese beauty company raised $270 million in a Hong Kong initial public offering.

09/12 ByteDance, TikTok seek temporary halt to US ban pending Supreme Court review

The companies warned that without the order the law willl "shut down TikTok—one of the nation’s most popular speech platforms—for its more than 170 million domestic monthly users on the eve of a presidential inauguration."

09/12 India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe.

07/12 Haaland and Lewis score for 10-man Man City in 2-2 draw with Palace

Rico Lewis bagged a second-half goal before being shown a red card.

07/12 US TikTok content creators warn followers to find them on Instagram, YouTube

American content creators on TikTok asked followers to subscribe to their channels on rival platforms like Meta-owned Instagram and Alphabet's YouTube after a federal appeals court ruled that the social media app could be banned if it is not sold to a U.S.-based company by Jan. 19.

06/12 Lululemon shares surge as holiday demand helps lift forecast, results

Lululemon Athletica shares jumped about 17% in early trading on Friday as an upbeat annual forecast raised investor optimism for a robust holiday quarter and prompted Wall Street to take a more bullish view on the stock.

06/12 Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows

Walmart Inc , Amazon.com and fast-growing e-commerce sites Shein and PDD Holding's Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy , which struggled.

06/12 Exclusive: Trump may cancel US Postal Service electric mail truck contract, sources say

Donald Trump's transition team is considering canceling the United States Postal Service's contracts to electrify its delivery fleet, as part of a broader suite of executive orders targeting electric vehicles, according to three sources familiar with the plans.

06/12 US appeals court upholds TikTok law forcing its sale

A U.S. federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban.

06/12 Vietnam's soaring US trade surplus stokes new fears of Trump tariffs

Vietnam is vulnerable to becoming the new Trump administration's next target for tariffs as data shows its trade surplus with the United States ballooning, industry executives and analysts said.

05/12 Breakingviews - US market juggernaut poses top risk for 2025

Many large investors are approaching 2025 with a sense of nervous anticipation. That may seem surprising: the world economy has so far avoided a hard landing, while U.S. equities are on track to gain 20% or more for the second year running. President-elect Donald Trump’s impending return to the White House and lingering inflation concerns give money managers reason to fret. The biggest risk, howev

05/12 GameStop shares jump as cryptic 'Roaring Kitty' post sparks retail interest

GameStop's shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors.

05/12 Breakingviews - Tariff turnabouts send US corporate heads spinning

Corporate chieftains know a trade war is coming, but they are unable to prepare for it. The countries, products and tariff rates that Donald Trump intends to target change by the day, sometimes even the hour. Dry runs during the U.S. president-elect’s first term in office are the best playbooks available for now. This time, however, probably will be different.

05/12 Breakingviews - Japan’s virtuous M&A circle starts with 7-Eleven

The battle for control of Japan’s Seven & i is being cheered in Tokyo as evidence of improving efficiencies of the world’s third-largest economy. Officials can hasten a virtuous circle of dealmaking if they make the right next moves.

04/12 Stellantis denies report about picking Apple's Maestri as new CEO

French-Italian car maker Stellantis on Wednesday denied a report in Corriere della Sera daily that it planned to name outgoing Apple finance chief Luca Maestri as its new chief executive.

03/12 US Thanksgiving weekend records 197 million shoppers, retail body says

About 197 million Americans shopped over the five days from Thanksgiving through Cyber Monday this year, data from the National Retail Federation showed on Tuesday.

03/12 Breakingviews - Bain's Japan chip IPO is a tough sell

Bain Capital has a tricky job on its hands. The private equity firm is set to list Japanese memory-chip maker Kioxia six years after leading its bold carve-out from Toshiba. Trouble is, it means poor returns for the sellers. And Kioxia's crippling debt pile may put off potential new investors.

02/12 Apple accused of silencing workers, spying on personal devices

Apple has been accused in a new lawsuit of illegally monitoring its workers' personal devices and iCloud accounts while also barring them from discussing their pay and working conditions.

02/12 US retailers aim to cash in on Cyber Monday with steep online discounts

After lackluster spending at U.S. stores on a deals-heavy Black Friday, retailers will be pulling out all the stops with steep promotions on their websites and apps to entice people to buy holiday gifts and other merchandise after the long Thanksgiving weekend.

02/12 Proposed Australia law would fine Big Tech over digital competition

The proposed law could impose fines of up to $33 million on global technology companies.

30/11 Black Friday data shows US shoppers spent $10.8 billion online

It was a 10% rise from a year ago, according to Adobe Analytics.

29/11 Taylor Swift fans turn out early for book launch at Target

Taylor Swift fans and their parents lined up outside some of Target's nearly 2,000 U.S. stores early on Black Friday to buy copies of her new Eras Tour book.

29/11 Retailers brace for Black Friday amid shorter selling season, cautious shoppers

From Taylor Swift’s new Eras Tour book priced at $39.99 and sold only at Target, to a $50.99 Jessica Simpson puffer coat at Walmart, marked down from $84.99, major U.S. retailers stocked their shelves for Black Friday with exclusive products and lots of general merchandise steeply discounted.

29/11 Uniqlo risks boycott in China after CEO's Xinjiang comment

Casual wear giant Uniqlo is facing calls for a consumer boycott in China after the CEO of the clothing company's owner said it does not source cotton from China's Xinjiang, which has faced allegations of forced labour in recent years.

29/11 Shein, Temu branch further into toy market amid worry over fake products

Fast-growing specialty e-commerce sites such as PDD's Temu and its rival Shein are branching deeper into the business of selling toys as many American and European shoppers prepare to seek out steep bargains during the Black Friday weekend.

28/11 US Thanksgiving online sales up about 4% so far this year, data shows

Online sales in the U.S. were up about 4% for the first half of the Thanksgiving holiday, compared to a 2% rise last year, Salesforce data showed on Thursday, a fresh sign that shoppers are lapping up steep discounts from retailers.

28/11 Sofas become points of purchase as Americans shop with their phones on Thanksgiving

U.S. holiday shoppers have big plans to use small screens for a head start this year on Thanksgiving Day, and retailers have spent weeks priming them, touting pre-Black Friday online discounts for everything from TVs and toys to Bluetooth speakers.

28/11 China's state media praise some U.S. firms amid fears of a new trade war

China's state media have praised some U.S. firms for "strong collaboration" - commentary that comes amid fears of a trade war and is reminiscent of how tensions with the U.S. were covered by Chinese newspapers during Donald Trump's first presidency.

27/11 Google asks US appeals court to reject app store monopoly verdict

Alphabet's Google asked a U.S. appeals court on Wednesday to throw out a jury verdict and a judge's order forcing it to revamp its app store Play.

27/11 US retailers attempt to stir excitement during shorter holiday shopping season

To entice shoppers on Black Friday, major retail chains intend to showcase interactive products and experiences, including Ray Ban augmented-reality glasses, extra-extra-large TVs at electronics retailer Best Buy and new spa services at U.S. department store chain Nordstrom Inc .

27/11 Nordstrom raises lower end of annual sales outlook, sees uncertain environment

Nordstrom slightly raised its annual comparable sales forecast on Tuesday owing to softness in some categories including footwear and apparel toward the end of October.

27/11 Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.

26/11 Best Buy cuts annual forecasts on weak electronics demand during the holidays

Best Buy cut its annual profit and sales forecasts on Tuesday, signaling a muted holiday shopping season amid sluggish demand for pricey electronics such as televisions and home theater systems.

26/11 Huawei launches Mate 70 smartphone as new US chip curbs loom

Chinese tech giant Huawei Technologies unveiled its Mate 70 smartphone series on Tuesday, marking a significant step in its premium smartphone comeback while showcasing its own operating system in a clean break away from U.S. technology.

26/11 Walmart to roll back some diversity policies amid pressure from conservatives

Walmart plans to cut back some of its diversity, equity and inclusion (DEI) initiatives, a spokesperson for the retailer said on Monday, joining a growing list of firms feeling the heat from conservative groups.

25/11 Kingfisher warns of 45 million pound hit from UK and France budgets

European home improvement retailer Kingfisher on Monday warned of a 45 million pound ($57 million) hit to 2025/26 profit from tax raising measures in government budgets in both the UK and France, sending its shares sharply lower.

25/11 Tech-wary Germans get hooked with online shopping habit

In only a few years, Germans have become a nation of online shoppers, with most now turning to devices to buy clothes, groceries and medicines in the wake of the COVID-19 pandemic.