Luxury Sneakers May Be A Step Too Far For Cash-strapped Gen Z
From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases.
Japan's Asahi Considering Full-scale Push Into North America Beer Market -CEO
Japan beverage giant Asahi Group Holdings Ltd is considering full-scale entry into the North American market, its chief executive said on Thursday.
Korea's SK Invests $100 Million In EV-focused Startup Atom Power
Korea's SK Inc has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday.
Walmart Explores Matchmaker Marketplace For Social Media Influencers
Walmart may launch a platform that will use social media influencers to help the retailer and its 100,000 third-party sellers promote their goods and services online, according to trademark filings.
FBI's Sealed Evidence That Led To Search Of Trump's Home Focus Of Court Hearing
Sealed records containing evidence the U.S. Justice Department presented to secure court approval to search Donald Trump's Florida home will be at the heart of a hearing on Thursday, when news organizations will try to persuade a federal judge that the public deserves to see the details.
Longtime Trump Executive Weisselberg To Plead Guilty In Tax Fraud Scheme
A longtime senior executive at former President Donald Trump's family business is expected to plead guilty on Thursday to conspiring with the company in a 15-year tax fraud.
Russia Replaces Black Sea Fleet Chief After Crimea Setbacks
Russia has replaced the commander of its Crimea-based Black Sea Fleet, a state news agency reported on Wednesday, after a series of explosions rocked the peninsula it annexed in 2014 and had previously seen as a secure rear base for its war in Ukraine.
Pioneering Japanese 'Butterflies' Designer Hanae Mori Dies At 96
Hanae Mori, a pioneering designer who brought Japanese motifs to the global haute couture stage and created the wedding dress worn by Empress Masako, had died aged 96.
Unification Church Members Accuse Japanese Media Of Bias Over Abe Killing
Thousands of Unification Church members gathered in Seoul on Thursday to protest what they call discriminatory and unfair Japanese media coverage of their church since former Prime Minister Shinzo Abe's assassination.
Torrential Rains Lash New Zealand For 3rd Day, Hundreds Evacuate Homes
Torrential rain slammed the west and north of New Zealand's South Island for a third straight day on Thursday, forcing hundreds to evacuate their homes and triggering road and school closures and land slips.
For Some Gaza Children, Another Round Of Violence Reopens Trauma
When Israeli missiles started landing in Gaza in early August, shattering glass and collapsing buildings, Jouman Abdu put on headphones, covered her eyes with a blindfold and stretched on the couch.
Estonia Says It Repelled Major Cyber Attack After Removing Soviet Monuments
Estonia has repelled "the most extensive cyber attacks since 2007", it said on Thursday, shortly after removing Soviet monuments in a region with an ethnic Russian majority.
Ukraine Says Fighting 'Deadlocked' Ahead Of Visit By U.N. Chief
Ukrainian forces said on Thursday they had beaten back a Russian attack in the southern region of Kherson, while the death toll from Russian shelling of Kharkiv city in Ukraine's northeast climbed as the nearly six-month war grinds on without let-up.
Public Sector Paralysed As Lebanon Lurches Towards 'Failed State'
It's a weekday, but 50-year-old Lebanese finance ministry employee Walid Chaar is not at work and hasn't been since June.
Asset Managers On Alert After 'WhatsApp' Crackdown On Banks
Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely.
UK Budget Think Tank Warns Future PM Against Big Tax Cuts
Britain's next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal Studies said on Thursday, challenging the plans of the two Conservative candidates vying to succeed Boris Johnson as prime minister.
Exclusive-China Regulator Probes Banks' Property Loan Portfolio - Sources
China's banking regulator is scrutinising property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate sector's debt crisis worsens.
Ready 24 Hours A Day - Taiwan Showcases Anti-aircraft Mettle
Taiwan's air force showcased its anti-aircraft capabilities on Thursday, saying they were ready for action 24 hours a day as the democratically governed island faces sustained pressure from Chinese military drills.
China's Drought Could Last Until Sept As It Races To Protect Harvests
China warned that severe drought conditions along the Yangtze river could last well into September as local governments race to maintain power and find fresh water supplies to irrigate crops ahead of the autumn harvest.
Analysis: Confident Algeria Rides Gas High
Europe's attempts to wean itself off Russian gas have given Algeria a shot in the arm.
Hacker Tournament Brings Together World's Best In Las Vegas
A team of hackers from two North American universities won the "Capture the Flag" championship, a contest seen as the "Olympics of hacking," which draws together some of the world's best in the field.
U.N. Expert Concludes 'Forced Labour' Has Taken Place In Xinjiang
It is "reasonable to conclude" that forced labour of members of minority groups has taken place in China's western Xinjiang region, the UN's top expert on slavery said in a report released this week, prompting a fierce response from Beijing.
As ECB Mulls Another Big Hike, Schnabel Says Inflation Outlook Hasn't Improved
The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase next month even as recession risks harden.
Ethanol Could Get Boost From Carbon Capture Credits In Biden Climate Law
A major expansion in tax credits for companies that capture and store carbon emissions under U.S.
Analysis-U.S. Retail Traders Pile Back Into Options As Meme-stock Mania Flares
Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks
Oil Companies Work Around Jones Act To Supply U.S. Fuel Markets
U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S.
Hong Kong Court Lifts Reporting Ban On National Security Case For 47 Democrats
A Hong Kong court lifted restrictions on Thursday on reporting pre-trial proceedings of a landmark national security case involving 47 pro-democracy campaigners that has dragged on for more than a year.
Indonesia Calculating Cost Of Keeping Fuel Prices Unchanged - President
Indonesia's president on Thursday said his government was calculating how much longer it can sustain a policy of keeping fuel prices unchanged, while the central bank governor hinted at keeping rates steady at an upcoming policy review.
Oil Prices Hold Steady As Recession Worries Offset Lower U.S. Stocks
Oil prices were little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession.
Pot-smoking Tourists Not Welcome In Thailand, Says Health Minister
Thailand's health minister on Wednesday discouraged tourists from visiting the country only to smoke weed, just two months after new laws were passed that have largely decriminalised the drug.