PARIS (Reuters) – Bernard Arnault, the boss of luxury giant LVMH and the world’s richest man, brushed away questions about…
Luxury group LVMH’s sales defy downturn as shoppers splurge
By Mimosa Spencer PARIS (Reuters) -Luxury goods group LVMH’s sales rose 9% in the fourth quarter as shoppers in Europe…
BetMGM expects to become profitable in second half of 2023
By Radhika Anilkumar (Reuters) – U.S. sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after…
Shareholders can sue McDonald’s ex-executive in landmark ruling
By Tom Hals WILMINGTON, Del. (Reuters) – Shareholders can sue McDonald Corp’s former global chief people officer for the damage…
China’s luxury shoppers free to travel, but many buy locally
By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in…
U.S. airlines forecast strong 2023 travel, costs may dampen outlook
By Aishwarya Nair and Abhijith Ganapavaram (Reuters) -U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue…
Russia eyes end to liquidity caps on wealth fund ‘anti-crisis’ spending
By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia’s finance ministry on Thursday proposed scrapping liquidity restrictions for spending on “anti-crisis”…
For automakers, the EV surge is everything everywhere all at once
By Joseph White DETROIT (Reuters) – The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault…
Earnings optimism helps European shares snap two-day dip
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares rose on Thursday as upbeat results eased some worries about…
Panama won’t allow Canada’s First Quantum to expand its copper mine operations
By Valentine Hilaire MEXICO CITY (Reuters) -Panama will not allow Canada’s First Quantum to expand the area of its existing…