Month: August 2023
Adidas Cuts Forecast Loss as China Leads Rebound
Adidas was back in profit in the second quarter, helped by a recovery in China and easing of inventories, and forecast a narrower operating loss for the year of €450 million.
Read More‘The situation could change quickly without warning’: UK pulling staff out of its embassy in Niger as unrest looms
Britain is reducing the number of staff at its embassy in Niger following last week’s military coup amid the threat of pro-junta demonstrations.
Read MoreTrump set to return to Washington for monumental court date – but a national catharsis is unlikely – CNN
Trump set to return to Washington for monumental court date – but a national catharsis is unlikely CNN Lawmakers react to Trump charges as Georgia gears up another possible indictment CBS News Political analyst weighs in on Pence’s remarks on Trump indictment FOX59
Read MoreThe US government’s debt has been downgraded. Here’s what to know
Fitch Ratings move may have little impact on financial markets long-term or on the interest rates the US government will pay
Read MoreLufthansa Profits Boosted by Air Travel Demand
Lufthansa said its second-quarter adjusted earnings almost tripled to €1.1 billion on a 17% rise in revenue, and despite continued high demand, supply-chain snags and bottlenecks in the air traffic system would weigh on capacity for the year.
Read MoreUS Treasury secretary criticizes Fitch credit downgrade, says economy is strong
Janet Yellen calls move ‘entirely unwarranted’ and ‘puzzling,’ asserts Treasury securities are world’s most secure liquid asset
Read MoreSociété Générale Swings to Second Quarter Profit; Revenue Falls
Société Générale swung to a second-quarter net profit from a year earlier but saw its revenue fall on lower net interest margin in France and a less conducive global banking environment.
Read More‘It’s already happening’: Ex-gender equality minister says women’s rights under attack
Scholars join lawmakers in slamming government policies that add up to a lowering of women’s standing
Read MoreZalando Lifts Adjusted EBIT Guidance Range
Zalando said its adjusted earnings rose to €149 million in the second quarter, generating a 5.7% margin, and lifted the lower end of its guidance range for the year but cautioned that revenue and gross merchandise volume would likely to
Read MoreCanadian Prime Minister Justin Trudeau and his wife announce their separation
Justin Trudeau is the 51-year-old scion of one of Canada’s most famous politicians. Sophie Trudeau is a former model and TV host. Together, they brought star power to the prime minister’s office. (Image credit: Justin Tang/AP)
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