lockdown - Page 5

By Roger Tung TAIPEI -Taiwan’s economy grew at its slowest pace in two years in the second quarter and performed slightly worse than expected, hit by supply chain woes and a surge…

TOKYO -Japan’s Panasonic Holdings Corp, which supplies batteries to Tesla, posted a 39% drop in first-quarter earnings on Thursday as China’s COVID-19 lockdowns and rising material costs disrupted production and squeezed profitability.…

MILANO – Sales at Italian luxury group Moncler rose 46% at constant exchange rates in the first half of the year, once again beating analysts estimates, despite a slowdown in the second…

PARIS -Sales at French luxury group Kering’s top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues…

By Paul Sandle LONDON -Luxury brand Burberry was hurt by lockdowns in its biggest market China and an abrupt reversal in fortunes in the Americas, limiting its first-quarter sales rise to 1%.…

By Silke Koltrowitz ZURICH -Swatch Group stuck to its forecast for double-digit sales growth this year after pandemic lockdowns in China had less impact than feared on the world’s biggest watchmaker’s first-half…

By Leika Kihara and Tetsushi Kajimoto TOKYO -The mood among Japan’s big manufacturers’ soured for a second straight quarter in the three months to June, a central bank survey showed on Friday,…

BEIJING – China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict COVID lockdown in Shanghai, reviving output and…

SHANGHAI – H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a…