BUSINESS

Hermes Snubs Luxury Resale Market

The logo of Hermes is seen on a store in Paris, France, April 24, 2020.
Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas said on Friday.
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EPA Administrator Michael Regan visits the Laguna San Jose in San Juan, Puerto Rico, July 26, 2022.

Exclusive: Biden EPA To Tackle Coal Industry Carbon With Rules On Other Pollutants

The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation's remaining coal-fired power plants, after the Supreme Court limited the agency's ability to impose sweeping climate regulations, according to EPA chief Michael Regan.
People wearing face masks shop for street food in Chinatown amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, January 6, 2021.

BA-owner IAG Returns To Profit After COVID-19 Slump

British Airways-owner IAG on Friday returned to profit for the first time since the outbreak of the COVID-19 pandemic as demand for European flights between April and June boosted its battered finances.
The logo for AstraZeneca is seen outside its North America headquarters in Wilmington, Delaware, U.S., March 22, 2021.

AstraZeneca Lifts Revenue Guidance On COVID Treatment

AstraZeneca said it expected prescriptions of its Evusheld injection to protect against COVID-19 to drive sales growth of more than 20% after the company on Friday posted second-quarter profit that topped analyst expectations.
Sony Group Corp's new line of headphones and monitors targeting the growing PC market for video games, the Inzone line, is displayed during its unveiling in Tokyo, Japan, June 29, 2022.

Sony Trims Profit Forecast As Gaming Performance Drags

Japan's Sony Group Corp on Friday trimmed its full-year profit forecast due to an expected weaker performance at its key gaming unit, which posted a steep drop in first-quarter operating profit as consumer interest in gaming waned.
Sony Group Corp's new line of headphones and monitors targeting the growing PC market for video games, the Inzone line, is displayed during its unveiling in Tokyo, Japan, June 29, 2022.

Sony Trims Profit Forecast After Games Business Falters

Sony Group Corp trimmed its profit forecast on Friday after a weak first quarter for its PlayStation business, which it blamed on waning consumer interest due to a lack of new games and an easing of COVID-19 constraints dampening stay-at-home gaming.

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