BEIJING (Reuters) – Almost a quarter more domestic Chinese tourism trips have been made during this year’s Lunar New Year…
AmEx shrugs off slowdown worries after forecasting upbeat full-year profit
By Manya Saini (Reuters) -American Express Co’s upbeat profit forecast for the year on Friday eased worries of economic uncertainty…
H&M highlights fast-fashion gloom as luxury takes hit in China
LONDON (Reuters) – H&M said on Friday soaring costs had slashed its profits, the latest fast-fashion retailer to feel the…
LVMH’s shares wobble after China takes margin toll
By Mimosa Spencer PARIS (Reuters) -A record-breaking run in the shares of French luxury goods group LVMH halted briefly on…
Thai finance ministry maintains 2023 GDP growth outlook, sees more tourists
BANGKOK (Reuters) – Thailand’s finance ministry on Friday maintained its economic growth outlook for 2023 at 3.8%, helped by a…
U.S. lawsuit against Google could benefit Apple and others
By Sheila Dang and Diane Bartz (Reuters) -A landmark lawsuit by the U.S. Justice Department against Alphabet’s Google over its…
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…
Comcast revenue tops estimates amid cord-cutting, muted broadband growth
By Helen Coster and Eva Mathews (Reuters) – Comcast Corp’s fourth-quarter revenue beat Wall Street expectations on Thursday, as the…
Google says U.S. Justice Department complaint is ‘without merit’
(Reuters) – Alphabet Inc’s Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the…