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Oil drops about 2% on worries about Chinese economy
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Wall St and oil dive as investors fret over rates, China
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Sweden, UK lead European shares lower on rate-hike fears
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Russia’s rouble rises ahead of central bank extraordinary meeting
China’s livestreaming attracts young hopefuls as competition grows
Date: August 15, 2023
China’s livestreaming attracts young hopefuls as competition grows By Casey Hall SHANGHAI (Reuters) – Only a few months after beginning her career as a livestream sales host in January, Zhang Jinyu, 28, a former model and blogger with a master’s degree in fashion management, had clocked hundreds of hours of broadcasting time working with brands...
As World Cup breaks records, Adidas, Nike navigate bumps in retail demand
Date: August 15, 2023
As World Cup breaks records, Adidas, Nike navigate bumps in retail demand By Helen Reid and Amy Tennery LONDON/AUCKLAND (Reuters) – The unpredictability of the Women’s World Cup, with the U.S. knocked out early and a first-time champion assured, is forcing major global marketers such as Adidas and Nike to move fast to adapt to...
Sterling steady ahead of data-heavy week
Date: August 14, 2023
Sterling steady ahead of data-heavy week LONDON (Reuters) – The pound ticked a fraction higher against the dollar on Monday as traders stayed focused on key data due this week for hints on the Bank of England’s future interest rate hike trajectory. At 1100 GMT, sterling was up 0.07% against the dollar at $1.2706. The...
What is ‘Eris’, the new Covid variant?
Date: August 14, 2023
What is ‘Eris’, the new Covid variant? By Michael Erman NEW YORK (Reuters) -COVID infections and hospitalizations are on the rise in the U.S., Europe and Asia. Health officials are pointing at the EG.5 “Eris” coronavirus, a subvariant of the Omicron lineage that originally emerged November of 2021. WHAT IS THE NEW ‘ERIS’ VARIANT? The...
Lufthansa’s Eurowings sees positive operating result in FY 23
Date: August 14, 2023
Lufthansa’s Eurowings sees positive operating result in FY 23 FRANKFURT (Reuters) – Lufthansa’s budget subsidiary Eurowings expects a positive operating result this year, chief executive Jens Bischof said on Monday, adding that the company expects the return of business travel in the autumn. (Reporting by Ilona Wissenbach, Writing by Rachel More, Editing by Miranda...
No sustained recovery on horizon for German economy -econ min
Date: August 14, 2023
No sustained recovery on horizon for German economy -econ min BERLIN (Reuters) – Germany’s economy is not likely to see a sustained recovery in the coming months based on early indicators such as new orders and business climate, the economy ministry said on Monday. “On the domestic front, the expected cautious recovery in private consumption,...