Ted Baker shares battered after CEO flags dire UK retail climate
Shares in Ted Baker shed more than a third of their value on Thursday, after the British fashion retailer’s second profit warning in four months on the back of what new boss Lindsay Page called the worst business conditions in decades.
European luxury, drink stocks lifted by U.S. tariffs relief
European luxury goods and drinks company shares rose on Thursday after new U.S. tariffs in retaliation over EU aircraft subsidies excluded cognac, champagne and leather goods.
France and EU ready to respond with sanctions in U.S. trade dispute: French minister
France and the European Union (EU) are ready to respond “with sanctions” if the United States were to reject the hand extended by Europe in the Airbus trade dispute, said French Finance Minister Bruno Le Maire said on Thursday.
WTO meeting to adopt Airbus subsidies decision set for October 14
The World Trade Organization (WTO) will hold a special meeting of its Dispute Settlement Body at the request of the United States on Oct. 14 to adopt its arbitration decision in the Airbus subsidies case, a WTO spokesman said on Thursday.
Italy prosecutors open Netflix tax evasion investigation: source
Italian prosecutors have opened an investigation into alleged tax evasion targeting U.S. streaming service Netflix, a source with direct knowledge of the matter said on Thursday.
As protests rack Hong Kong, China watchdog has Cathay staff ‘walking on eggshells’
Staff at Cathay Pacific Airways , Hong Kong’s flagship airline, are on edge.
H&M shares surge after first quarterly profit rise in two years
Sweden’s H&M posted its first rise in quarterly pretax profit in more than two years on Thursday as the world’s second-biggest fashion retailer said its drive to meet rapid changes in the market were on track.
Turkey fines Facebook $282,000 over privacy breach
Turkish authorities have fined Facebook Inc 1.6 million lira ($282,000) for violation of data protection laws which affected nearly 300,000 people, the Personal Data Protection Board (KVKK) said on Thursday.
Shares in European drinks, luxury brands rise on U.S. tariffs relief
Shares in European luxury and drinks companies rose at the open on Thursday after new tariffs slapped by the United States in retaliation for illegal EU aircraft subsidies were in line with expectations or less than feared, traders said.
Oil prices steady, give up gains as economic gloom dims demand prospects
Oil futures were largely flat on Thursday, reversing gains made earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session offset modest hopes for progress in resolving the U.S.-China trade war….
