Adidas shares rise 8% after first-quarter profit hike, improved outlook
Shares of Adidas jumped on Wednesday after the company raised its full-year guidance and reported a first-quarter profit hike, according to preliminary figures.
Apple will ‘look at’ manufacturing in Indonesia, CEO Cook says, as China diversification push continues
Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia, following a meeting with the country’s President Joko Widodo.
Russia is expected to grow faster than all advanced economies this year
The IMF forecast will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine.
Photos show heavy rain and severe flooding in the United Arab Emirates
The government there also issued a red warning, and shuttered offices, school and banks.
UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.
Bank of Korea chief says won volatility is a little ‘excessive’ and will intervene if needed
The Bank of Korea will intervene to control currency volatility if needed, the BOK chief said, describing the recent market fluctuations as a little “excessive.”
Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall
ASML on Wednesday said first quarter profit beat expectations while sales missed forecasts, with the compant sticking to its full-year outlook.
A shift to renewable energy is ‘hopeless’ without efficiencies, environmentalist says
Explorer and environmentalist Bertrand Piccard estimates that three-quarters of the world’s energy goes to waste.
Art dealing can be a tricky business. Insiders share the ins and outs of their ‘unusual’ world
Art dealers said the business can be risky and buying art can be motivated by emotions.
UAE hit with severe flooding as record rainfall disrupts Dubai flights
The downpour prompted flight cancellations and delays at Dubai’s airport, with travelers stranded for hours in both the terminal and on the tarmac.
