April cyber hack disrupted turnaround momentum ‘Factory to floor’ supply chain overhaul underway 120 million pound investment in automation Aims to double fashion, home and beauty online sales LONDON, Nov 12 (Reuters) – Marks & Spencer is revamping its supply chain from “factory to floor”, the retailer’s new fashion boss told Reuters, as it looks…
Shein to open outlet in Paris department store on Wednesday Its first permanent stores have drawn widespread criticism France working on fast fashion law that Shein opposes Shein under scrutiny in France over low-cost business model LONDON, Nov 4 (Reuters) – Chinese online fashion platform Shein is ramping up its fight in France, gambling that…
BEIJING, Nov 4 (Reuters) – Tesla’s (TSLA.O), opens new tab China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday. Sales of the U.S. automaker’s Model 3 and Model Y vehicles made at its…
Nov 3 (Reuters) – Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company sold 29.9 million shares at $34 apiece, above its indicated range…
Indexes end up: Dow 0.09%, S&P 500 0.26%, Nasdaq 0.61% Wall Street boasts longest monthly winning streaks in years Amazon jumps almost 10% as cloud growth beats expectations Warner Bros jumps almost 9% after Reuters report of Netflix bid Oct 31 (Reuters) – Wall Street’s main stock indexes closed higher on Friday, with their biggest…
SEOUL, Nov 1 (Reuters) – North Korea said on Saturday that denuclearisation of the Korean peninsula, which South Korea said will be discussed in a summit with China later that day, is an unrealisable “pipe dream,” according to state media KCNA. Chinese President Xi Jinping and South Korean President Lee Jae Myung are set to…
Item 1 of 3 U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea. REUTERS/Evelyn Hockstein [1/3]U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after…
Oct 30 (Reuters) – Netflix (NFLX.O), opens new tab on Thursday announced a ten-for-one stock split, making the streaming company’s shares more affordable for retail investors. The company said it would issue nine additional shares for each share held after close of trading on Nov 10, adding that the split will make its stock more…
Xi to hold first talks with Japan’s new leader Takaichi Canada seeks to restart engagement with China Host South Korea warns of changes to free trade order Bessent stands in for Trump at APEC summit discussions GYEONGJU, Oct 31 (Reuters) – China’s Xi Jinping will take centre stage at an annual gathering of Pacific Rim…
LITTLETON, Colorado, Oct 30 (Reuters) – China’s booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion engine cars in sales at home and have flooded global markets with record exports. But the country’s electric vehicle output and exports may now hit reverse…