PARIS, Sept 24 (Reuters) – Gucci has begun selling new luxury sneaker models labelled “Made in China”, a break with its Italian manufacturing tradition that some industry watchers say could undermine the brand’s high-end image as it races to win back middle-class shoppers. The move highlights the ch
Sept 24 (Reuters) – Starbucks will close 250 underperforming coffeehouses in North America, the company said in a regulatory filing on Thursday, as CEO Brian Niccol deepens his turnaround push to revive sales. The closures come a year after Starbucks shut down several underperforming stores in the r
Sept 24 (Reuters) – Volkswagen’s US autonomous-mobility subsidiary MOIA America and operator Beep on Thursday said they had begun carrying invited passengers in robotaxis in Orlando’s Lake Nona community. The move marks MOIA America’s first passenger operations in the US as autonomous ride services
By Prathik Jayaprakash and Harshita Mary Varghese Sept 24 (Reuters) – BlackBerry raised its full-year revenue forecast on Thursday after its QNX software business reported record quarterly revenue, driven by growth in automotive and new design wins. Revenue at BlackBerry’s QNX division, which develo
By Mike Dolan Sept 24 (Reuters) – Just as some investors were wondering whether it was time to return to battered bond markets, Wednesday’s fresh rout offered a clear answer: not yet. US Treasury and global government bond yields soared to new multi-decade highs following a storm of new information
By Karl Plume CHICAGO, Sept 24 (Reuters) – Soybeans, sorghum and other US farm goods are expected to be high on the agenda at this week’s summit between US President Donald Trump and Chinese President Xi Jinping, joining rare earths trade and artificial intelligence as a focus of contention. US farm
By Johann M Cherian and Avinash P Sept 24 (Reuters) – Wall Street futures dropped on Thursday as the Middle East conflict remained far from a resolution while investors also exercised caution ahead of a keenly watched summit between Presidents Donald Trump and Xi Jinping. US and Iran leaders exchang
By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, Sept 24 (Reuters) – US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so without damaging the job market if businesses come to anticipate falling inflation as a reason to raise p
By Alexandra Alper WASHINGTON, Sept 24 (Reuters) – US and Japanese government officials and company officials met to discuss supply bottlenecks affecting access to Chinese yttrium, a rare earth metal vital to aerospace and chipmaking, two weeks before President Donald Trump’s summit with Chinese Pre
By Suzanne McGee PROVIDENCE, RHODE ISLAND, Sept 24 (Reuters) – A tumultuous ride for bonds this year has left Vanguard’s senior bond fund manager Arvind Narayan with one unequivocal message: “This is not the time to be a hero.” Narayan, who co-heads a $55 billion bond fund, is one of eight of the la
LONDON, Sept 23 (Reuters) – Long-dated US borrowing costs climbed to their highest level in more than 20 years on Thursday as the months-long selloff in bond markets gathered pace. The yield on the 30-year US Treasury bond climbed more than 3 basis points to 5.444%, its highest since 2004, as prices
Sept 24 (Reuters) – Bank of America said on Thursday it plans to hire 1,000 additional apprentices over the next two years, expanding its skills-based hiring in local communities. • The commitment is on top of the more than 800 apprentices the company already hires each year through programs across
By David Milliken LONDON, Sept 24 (Reuters) – New York Federal Reserve President John Williams said on Thursday it was reasonable to think that the U.S. central bank might need to raise interest rates again before the end of the year to help bring down inflation risks. Forecasts among market partici
By Jakob Van Calster Sept 24 (Reuters) – Europe’s fragmented banking market is preventing lenders from achieving the scale needed to finance the continent’s digital, economic-security and defence ambitions, the chair of the European Banking Authority told Reuters. While European banks remain highly
NEW YORK (AP) — A federal judge temporarily blocked President Donald Trump’s ban of three news outlets from the White House, ordering early Thursday that CNN, MS NOW and Politico must have their access restored. Reporters from all three outlets, however, said they remained blocked a few hours after
By Ernest Scheyder Sept 24 (Reuters) – The US will remain reliant on China for rare earths well into the 2030s even as it rapidly builds its own mining and processing facilities, a stark imbalance facing President Donald Trump as he meets on Thursday with Chinese counterpart Xi Jinping. Rare earths,
By Greta Rosen Fondahn and Helen Reid STOCKHOLM, Sept 24 (Reuters) – Swedish fashion retailer H&M on Thursday reported a stronger-than-expected third-quarter operating profit as CEO Daniel Erver said his push to control costs and make sourcing more efficient was bearing fruit. Since Erver became CEO
By Nqobile Dludla JOHANNESBURG, Sept 24 (Reuters) – South Africa risks losing future vehicle production to Asian rivals as global automakers decide where to build the next generation of electric vehicles, despite a new government tax incentive aimed at attracting investment, executives say. The indu
Apple’s latest mobile operating system update, iOS 27, rolled out last week, headlined by a more advanced version of its Siri assistant. But it also comes with a slew of other useful but less well known features for iPhone users. The software upgrade, which is available for devices dating back to th
TOKYO (AP) — Asian shares were trading mixed in Thursday trading, as investors tried to digest the recent swings in oil prices and the U.S. bond market. Japan’s benchmark Nikkei 225 gained 0.8% to 65,513.99, as some chipmakers got a boost from the recent interest in artificial intelligence. Australi
WASHINGTON (AP) — Presidents Donald Trump and Xi Jinping have no shortage of difficult issues to cover when they sit down for talks on Thursday at the White House. China has resisted the Trump administration’s urgings — and economic threats — to use its considerable leverage to prod Iran to agree to
By Lewis Krauskopf NEW YORK, Sept 24 (Reuters) – History suggests US stocks are poised for weakness as the Federal Reserve starts raising interest rates, but investors trying to gauge the ultimate market fallout are focused on how aggressively the central bank hikes and the economy’s response. In an
Sept 24 (Reuters) – Qantas airport workers launched a 24-hour strike on Thursday at the Sydney, Brisbane, Adelaide and Perth airports demanding higher pay, more secure jobs and improved safety standards, the Australia’s Transport Worker’s Union (TWU) said. The union said the industrial action involv
By Jeslyn Lerh and Arathy Somasekhar SINGAPORE, Sept 24 (Reuters) – Oil prices retreated on Thursday after climbing 4% in the previous session as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so. Brent crude futures fell 92 ce
By Satoshi Sugiyama TOKYO, Sept 24 (Reuters) – Japan’s Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday. Honda plans to invest about 300 billion yen to 400 billion yen ($1.90 billion to $2.53 billion
By Dan Catchpole and Tim Hepher SEATTLE, Sept 23 (Reuters) – Hopes for a new China commitment to buy Boeing planes are sinking ahead of a Thursday summit between the US and Chinese presidents, two people briefed on the matter said on Wednesday, with negotiations still in flux. The planemaker instead
LOS ANGELES (AP) — Three people who went to California’s Six Flags Magic Mountain have filed lawsuits saying they were left with traumatic brain injuries from the park’s famed X2 roller coaster that is advertised as the rite of passage for the “ultimate daredevil.” The filings are the latest against
By Nichiket Sunil Sept 24 (Reuters) – New Zealand’s Fonterra on Thursday warned that El Niño could affect milk volume growth at the end of the 2026/27 season, as the weather phenomenon heightens risk of extreme weather events and impacts global crop output. El Niño — a periodic warming of sea surfac
Diesel fuel, which powers the global economy and the American heartland, is hitting record prices as the war in the Middle East intensifies, leaving Republican candidates reeling and contemplating extreme steps that economists warn could only increase pain for consumers. Republicans in key states li
By David Shepardson WASHINGTON, Sept 23 (Reuters) – The head of the US Federal Aviation Administration said a series of error messages in a telecommunications circuit prompted the agency on Sunday to switch to a backup fiber line before an outage snarled thousands of flights along the East Coast. Th
