Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation.. Inditex also overcame a surge in production costs that has hit manufacturers as inflation soared following Russia's assault on Ukraine.
Chinese retail sales rebounded in January and February as Beijing abandoned its suffocating zero-Covid policy, reopening borders and ending mandatory quarantine, and the country celebrated the Lunar New Year holiday.. China usually releases January and February economic data together to ensure they are not skewed by the long Chinese New Year holiday.
Bankrupt Sri Lanka's hospitals were crippled and transport disrupted on Wednesday as trade unions protested against the doubling of taxes to qualify for a crucial IMF bailout.. Officials involved in the negotiations said the IMF was closely monitoring the protests and social unrest since the tax reforms.
China and Russia are bolstering their presence in Africa to tap its rich natural resources, analysts say, amid grave warnings from UN agencies the world's poorest countries face accumulating crippling debts.. The 1990s debt crisis in Africa was caused by Western countries, not by China or Russia, said Nantulya.
His medical studies in Syria keep Mohammed Shasho busy enough but whenever he can he also pores over German vocabulary and grammar points in hopes of a move to Europe.. "German is very difficult to learn, especially because it is not taught by native speakers in Syria," said the 23-year-old who regularly studies German textbooks and video tutorials.
Asian markets bounced Wednesday as concerns about contagion from the collapse of two US regional lenders eased while investors turned their attention back to next week's Federal Reserve interest rate decision.. - Eyes on the Fed - With the temperature over US banking lowered, traders were able to turn their attention back to inflation and the Federal Reserve's plans for interest rates.
The massive constellation of satellites operated by SpaceX, while still growing, will soon be joined in low Earth orbit by many more commercial competitors, but also government-sponsored programs.. But when it comes to government-sponsored projects, such as the EU's Iris, "commercial utility comes second."
Governor Samuel Garcia is a man in a hurry, juggling his daughter's birth and Tesla's arrival in northern Mexico, which hopes to benefit from a new wave of foreign investment.. In the decades since the maquiladoras arrived in northern Mexico, "there hasn't been a true technology transfer" that aided the country's industrial development, he said. st-dr/md
One-time subway "surfer" Isa Islam has a straightforward message for thrill-seeking youngsters sparking a surge in riders traveling on the roofs of New York City trains: don't do it.. He went in and out of consciousness as blood soaked the roof of the train.
Three Brazilian footballers, including Nottingham Forest midfielder Gustavo Scarpa, say they have fallen victim to a multi-million-dollar cryptocurrency scam, according to local media reports.. "I've always seen stupid people fall victim to pyramid schemes and scams.
