Sales of LVMH’s Hublot, Bulgari watches top pre-pandemic levels
By Silke Koltrowitz ZURICH – LVMH’s luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on…
By Silke Koltrowitz ZURICH – LVMH’s luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on…
By Robin Emmott and Sabine Siebold BRUSSELS -The European Union is ready to impose “never-seen-before” economic sanctions on Russia if it attacks Ukraine, Denmark said on Monday, and EU foreign…
By Pushkala Aripaka and Richa Naidu – Shares in Unilever rose 6% on Monday on reports that activist investor Nelson Peltz has built a stake in the consumer goods giant…
By Philip Pullella VATICAN CITY – Former Pope Benedict XVI acknowledged on Monday he had been at a 1980 meeting over a sexual abuse case when archbishop of Munich, saying…
By Ben Blanchard TAIPEI -Two U.S. aircraft carrier groups have entered the disputed South China Sea for training, the Department of Defense said on Monday as Taiwan reported a new…
By Lindsay Dunsmuir – As the U.S. Federal Reserve pivots on monetary policy and flags it may raise interest rates as many as four times this year to tame inflation…
By Howard Schneider WASHINGTON – The Federal Reserve may not raise interest rates until March, but officials’ tougher language about inflation is already kicking in, with borrowing costs rising for…
FRANKFURT – Germany’s economy likely shrank in the fourth quarter as manufacturing remained constrained by supply bottlenecks and consumption dropped on renewed coronavirus fears, the Bundesbank said in a monthly…
NEW YORK – Sarah Palin and the New York Times are set to face off in a New York courtroom on Monday at a trial in which the 2008 Republican…
By Pete Schroeder WASHINGTON – While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its decision to kick the issue…
BERLIN – Volkswagen’s carbon emissions from passenger vehicles in 2021 were around 2% under the European target limits at 118 grams per kilometre, according to preliminary figures, the carmaker said…
By Andy Bruce LONDON – British business activity cooled unexpectedly this month to an 11-month low but cost pressures stayed high, according to a survey that leaves the Bank of…
By Anirban Sen – Shares of the blank-check acquisition firm that agreed to merge with former President Donald Trump’s social media venture have outperformed every other special purpose acquisition company…
By Carolina Mandl and Tatiana Bautzer SAO PAULO – A frenzy of talks for mergers and acquisitions has caught some Brazilian bankers off-guard in the early weeks of 2022. With…
BEIJING -A district in China’s capital will begin a new round of COVID-19 tests among its roughly 2 million residents on Tuesday, as flare-ups persisted in the city ahead of…
BEIJING -Organisers of next month’s Beijing Winter Olympics slightly eased the strict COVID-19 requirements for participants, a move that means fewer athletes are likely to be tripped up by positive…
By Twinnie Siu and Farah Master HONG KONG – Hong Kong has told some civil servants to work from home from Tuesday, and some banks have given similar instructions to…
FRANKFURT – Deutsche Bank is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on…
TAIPEI -Taiwan on Sunday reported the largest incursion since October by China’s air force in its air defence zone, with the island’s defence ministry saying Taiwanese fighters scrambled to warn…
JERUSALEM – A fourth dose of COVID-19 vaccine given to people over 60 in Israel made them three times more resistant to serious illness than thrice-vaccinated people in the same…
– Inflation is front and centre: Markets will look to the U.S. Federal Reserve for hints on when and how much it may tighten policy to combat inflation at 40-year…
LONDON – American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in…
By Samuel Shen and Andrew Galbraith SHANGHAI – Beaten-down dollar bonds issued by Chinese property developers are enticing domestic and global fund managers, some of whom are even planning to…
BERLIN – Strong factory output growth helped by easing supply bottlenecks pushed activity in Germany’s manufacturing sector to a five-month high in January, a survey showed on Monday. IHS Markit’s…
(Refiles to correct spelling of ‘minister’ in paragraph 1) By Kirsty Needham and Eduardo Baptista SYDNEY -A little-known Chinese technology company that took over a WeChat social media account set…