***UPDATED

By Uday Sampath Kumar (Reuters) -Under Armour Inc’s margins are set to face a squeeze as the sportswear maker increases discounts to shore up waning demand and clear a build-up …

MOSCOW -As the world’s biggest soft drinks makers cut their Russian ties, local producer Chernogolovka is aiming for a 50% share of the country’s near $9 billion market, its boss …

(Reuters) -The New York Times Co forecast a drop in advertising revenue for the third quarter on Wednesday, as brands cut back on ad spending in the face of a …

By Carolyn Cohn LONDON -Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as …

By Anshuman Daga SINGAPORE -Singapore’s second-largest lender Oversea-Chinese Banking Corp Ltd (OCBC) reported a stronger-than-expected 28% jump in quarterly profit and gave a robust outlook as rising interest rates pushed …

LIMA -Peruvian Prime Minister Anibal Torres suddenly resigned on Wednesday morning, amid widening criminal probes centered on President Pedro Castillo, who has grown increasingly isolated after one year in office. …

(Reuters) – The U.S. Federal Reserve will be steadfast in raising interest rates to bring inflation running at four-decade highs back to the central bank’s 2% target, St. Louis Fed …

By Philip Pullella VATICAN CITY -Pope Francis said on Wednesday he felt the pain of survivors of Canada’s residential school system “like slaps” and that the Catholic Church has to …

By Ashitha Shivaprasad and Peter Hobson (Reuters) – Gold will average $1,745 an ounce in 2023, slightly below current prices, as high interest rates and a strong dollar reduce its …

By Jacob Gronholt-Pedersen COPENHAGEN -Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a “standstill”, leaving flat-screen TVs and furniture piling …

By Sam Nussey TOKYO -Japan’s Nintendo Co Ltd sold 23% fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday. The Kyoto-based …

By Jan Strupczewski BRUSSELS -Euro zone retail sales plunged in June and factory gate prices continued to rise, data showed on Wednesday, adding to fears the 19-country single currency zone …

BEIRUT – Lebanon on Thursday marks the second anniversary of the Beirut port explosion which killed at least 215 people, wounded thousands and damaged swathes of the capital. Despite the …

BERLIN – Siemens’ new supervisory board is committed to doing away with the portfolio policy of the past, said influential employee representatives on the board, who added that they were …

By Markus Wacket BERLIN – The German government will have to amend its energy security law again in September as its gas levy cannot yet be imposed on all consumers, …

By Nyasha Chingono HARARE – Shepherd Chowe pushes a cart filled with tins, iron rods and other metallic objects down a dusty pathway in Hopley, a poor settlement about 15 …

By Victoria Waldersee BERLIN -BMW lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the …

By Mike Dolan LONDON -The post-pandemic inflation surge clearly persisted too long for central banks to ignore – but investors sceptical of some multi-year regime change or paradigm shift still …

(Reuters) -NortonLifeLock’s $8.6 billion purchase of rival Avast won provisional clearance from Britain on Wednesday, overcoming the final hurdle to creating a consumer security software giant and sending Avast shares …

(Reuters) – Pat Cipollone, a White House counsel to former President Donald Trump, has been subpoenaed by a federal grand jury investigating the Jan. 6, 2021, riot at the U.S. …

BERLIN -The value of German exports jumped by 4.5% in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices. …

By Julien Ponthus PARIS -A buoyant second quarter and new three-year targets helped to boost Societe Generale’s shares on Wednesday, as the French bank weathered a 3.3-billion-euro ($3.4 billion) hit …

ISTANBUL – Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed …

By Moira Warburton WASHINGTON -A bill expanding healthcare coverage for veterans sickened by gases from military toxic burn pits passed the U.S. Senate on Tuesday night after unexpectedly getting held …

By Kitiphong Thaichareon BANGKOK – Thailand’s economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports, more tourists, and government support, but faces rising inflationary …