Ralph Lauren, Capri Ride Wave Of Inflation-resistant Luxury Demand
Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings estimates, underscoring an unwavering demand for luxury apparel and handbags from wealthy consumers who remain largely unscathed by red-hot inflation.
Exclusive: Heathrow Owner Ferrovial Studies Options For Stake In Britain's Biggest Airport - Sources
Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of its holding in Britain's biggest airport.
Drugmaker Gilead To Help Fund Monkeypox Education For LGBTQ+ Groups
Drugmaker Gilead Sciences plans to announce on Tuesday that it will provide up to $5 million in grants to help a coalition of LGBTQ+ and human rights advocacy groups craft public health responses to monkeypox outbreaks, the company said.
Palestinians In Gaza Grieve, Assess Damage Following Ceasefire
For many in Gaza, news of a truce between Israel and the Islamic Jihad after the most serious round of violence in just over a year was bittersweet.
Column - Glencore's Smelter Warning Galvanises The Zinc Price: Andy Home
The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore warned of the continuing margin squeeze on its European smelters.
Chipmaker Micron Tempers Forecast As Demand Weakness Deepens
Memory-chip maker Micron Technology cut its current-quarter revenue forecast on Tuesday and warned of a negative free cash flow in the following quarter as demand for chips used in personal computers and smartphones continues to drop.
Wall St Set To Open Lower After Chipmaker Micron's Dour Warning
Wall Street was set to open lower on Tuesday after a dismal forecast from Micron Technology dragged chip stocks lower, while investors remained cautious ahead of inflation data that will feed into the U.S.
TPG Quarterly Earnings More Than Triple On Fee Growth, Asset Sales
TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its private equity portfolio.
Exxon Mobil's Nigeria Asset Sale Hits Regulatory Hurdle
Nigeria's petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil's $1.28 billion sale of shares in its Nigerian unit to Seplat after President Muhammadu Buhari approved the transaction.
Tourist Boats Marooned, Farm Land Parched As Drought Lowers Europe's Rivers
Business for Francoise Droz-Bartholet has reduced to a trickle, just like stretches of the Doubs River straddling the French-Swiss border that her cruise boats usually ply.
Analysis-Erdogan Plays Up Diplomatic Gains With Eye On Elections
A series of diplomatic wins, capped by the deal to resume Ukraine's grain exports, provides some respite for President Tayyip Erdogan from Turkey's economic strife and offers a blueprint of his campaign strategy for elections due next year.
Airbus Delivered 46 Jets In July, Books Big China Order
Airbus on Monday confirmed slower deliveries in July as a supply crunch left semi-finished jets outside its factories without engines, but bolstered its future business with confirmation of a major new order from China.
Russians Under Sanctions Fail To Declare Assets In Line With German Law
None of the Russians targeted by European Union sanctions have declared their assets to German authorities as required to do under Germany's sanctions law, the German government said, prompting a call for the transparency regime to be tightened.
UK Issues New 'Extreme Heat' Warning For England And Wales
Britain's weather service on Tuesday issued an amber "Extreme Heat" warning for parts of England and Wales, with no respite in sight from hot dry conditions that have sparked fires, broken temperature records and strained the nation's infrastructure.
Pope Concerned For Amazon And Indigenous Peoples, Says Its First Cardinal
Pope Francis will install the first cardinal of Brazil's Amazon region this month in a sign of his concern for the rainforest and its indigenous inhabitants, the man whom he picked for the role said.
SoftBank Steps Up Asset Sales From Sinking Portfolio
SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said.
Abortion In Focus In Wisconsin, Minnesota Midterm Primary Voting
A week after Kansas voters firmly rejected an attempt to restrict abortion, the issue will play a key role in Wisconsin and Minnesota midterm primaries on Tuesday as Republican candidates for governor vow to ban the procedure if elected.
Analysis-BHP Needs To Pay More For EV, Clean Energy Metals As It Returns To Dealmaking
BHP must shell out more if it wants to snap up assets like those of OZ Minerals - a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner's unsolicited bid for the nickel and copper company was rebuffed.
Shrinking U.S. Cattle Herd Signals More Pain From High Beef Prices
U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said.
Beluga Whale In France's River Seine To Be Moved To Saltwater Lock
A beluga whale which strayed into the River Seine, far from its usual habitat of arctic or subarctic waters, will be moved to a saltwater river basin close to the sea on Tuesday, marine conservation group Sea Shepherd France said.
Explainer-Why The Unification Church Has Become A Headache For Japan's Kishida
Japan's Fumio Kishida is expected to reshuffle his cabinet on Wednesday, as his party's ties to the Unification Church have dented public support following the assassination of former premier Shinzo Abe last month.
Sequencing West Africa's "yam Belt" For Food Security
Stacks of hairy yams line a market in Ibadan, where traders haggle over quality and price before loading them into cars for the last mile to Nigerian consumers.
Holiday Inn Owner IHG Sweetens Shareholder Returns On Travel Rebound
IHG announced a $500 million share buyback on Tuesday after half-year profit more than doubled, boosted by higher room prices, strong demand for leisure travel and a recovery in business stays, especially in the United States.
Issey Miyake, Japan's Prince Of Pleats, Dies Of Cancer Aged 84 - Media
Japanese designer Issey Miyake, famed for his pleated style of clothing that never wrinkles and who produced the signature black turtleneck of friend and Apple Inc founder Steve Jobs, has died, media said on Tuesday.
Biden To Sign Bill To Boost U.S. Chips, Compete With China
President Joe Biden on Tuesday will sign a bill to provide $52.7 billion in subsidies for U.S.
Aluminium Foundry Fights For Survival In European Gas Crisis
Shouting over the clanging of machinery, Gerd Roeders is reluctantly preparing for the temporary shutdown of his German aluminium foundry to survive Europe's growing gas crunch.
New Zealand's Endangered Kakapo Parrot Gets A Big Population Boost
The population of New Zealand's kakapo, an endangered flightless parrot, has increased 25% in the last year to 252 birds following a good breeding season and success with artificial insemination, the conservation department said Tuesday.
China's Luckin Plans Store Expansion, Remains Committed To U.S. Market
Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, China's Luckin Coffee believes it has emerged from its "darkest moment", and said it remains committed to U.S.
Oil Slips Amid Chance Of Iran Nuclear Deal Supply Boost
Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market.
S.Korea, China Foreign Ministers To Discuss N.Korea, K-pop
The foreign ministers of South Korea and China will hold talks on Tuesday as Seoul explores ways to reopen denuclearisation negotiations with North Korea and resume cultural exports to China.