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LONDON: Carmaker Volkswagen, plane maker Airbus and energy major Royal Dutch Shell all posted bumper financial earnings on Thursday reflecting a generally buoyant mood among European companies emerging from the coronavirus pandemic.
NEW YORK: A gauge of global equity markets pulled back on Wednesday from the record high hit in the previous session as investors sold technology-related companies and the prospect of rising inflation tempered optimism around a vaccine-led global economic recovery.
Alibaba Group Holding Ltd and Swiss group Richemont will invest US$1.1 billion in online luxury fashion retailer Farfetch Ltd and its new Chinese marketplace, as online demand for luxury goods booms in the Asian country.
SINGAPORE: A walk down Orchard Road shows just how badly the coronavirus pandemic has hit Singapore’s famed shopping strip.
LONDON: Kering is seeing signs of a recovery led by online sales after pandemic-induced lockdowns hit the previously runaway demand for the Gucci owner’s fashions.
GENEVA: Brian Duffy says he knew it would be a good day even before Watches of Switzerland Group Plc opened the doors to its flagship store on London’s Regent Street for the first time since March.
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic