By Eva Mathews (Reuters) -Shares in Walt Disney Co closed 13% lower, its biggest one-day loss since 2001, on Wednesday,…
Europe’s retailers strive to keep prices low to win struggling shoppers
By Richa Naidu LONDON (Reuters) – Some European retailers this week forecast or reported better full-year sales after working to…
Ahold turns to solar panels, lowers thermostats to save energy
By Richa Naidu and Toby Sterling LONDON (Reuters) – Supermarket group Ahold Delhaize is turning to renewable energy and lowering…
Disney shares drop as streaming costs drag on earnings
By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney Co missed Wall Street earnings forecasts on Tuesday as the…
Netflix explores investing in live sports, bids for streaming rights- WSJ
(Reuters) – Netflix Inc is exploring investments in live sports broadcasting and has recently bid for the streaming rights for…
Spain’s clothing sales slow in October as inflation bites
MADRID (Reuters) – Clothing sales in Spain grew at this year’s slowest year-on-year pace in October and fell from the…
Primark owner AB Foods warns of ‘substantial’ cost inflation
By James Davey LONDON (Reuters) -Primark owner Associated British Foods faces “substantial and volatile” input cost inflation that will hit…
Airlines reboot as COVID sparks a revolution in one-day business trips
By Jamie Freed and Rajesh Kumar Singh SYDNEY/CHICAGO (Reuters) -Airlines around the world are ripping up schedules and bringing in…
U.S. Powerball jackpot soars to record $1.9 billion
By Rich McKay ATLANTA (Reuters) – Americans on Monday were lining up yet again to buy Powerball tickets, dreaming of…
Mexico’s FEMSA to purchase financial services NetPay in B2B fintech bid
MEXICO CITY (Reuters) – Mexico’s FEMSA has signed an agreement to purchase financial services company NetPay as the retailer and…