British airline EasyJet hiked Wednesday its annual profit guidance after record demand and falling quarterly losses, as customers prioritise holidays and shrug off the cost-of-living crisis.. Lundgren noted that customers were seeking to "prioritise spending on holidays for the year ahead".
Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by Generation Z buyers who want luxury goods but are also sustainability-minded.. And furthermore, buying certain Swiss luxury watches new is getting harder, as the booming market means longer waiting lists.
The sewing machines and fabric that surround Alaa Adel at her "Iraqcouture" studio in Baghdad are testament to her success in deeply patriarchal Iraq.. Adel eventually secured a loan from a private bank, and created her "Alaa Adel" brand last summer.
Asian markets fluctuated Wednesday as traders in several countries returned from the Lunar New Year break to a soft lead out of Wall Street with recession fears still causing concern.. A mixed bag of US earnings reports failed to ease concerns, and there is talk that the gains across markets since the turn of the year may have run too far for now.
The US Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant.. The case was launched by the Department of Justice (DOJ) in conjunction with eight US states: California, Colorado, Connecticut, New Jersey, New York, Rhode Island, Tennessee, and Virginia.
Walmart announced Tuesday it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector.. The retailer's announcement is a sign that the job market remains tight for hourly staff, even as tech giants such as Google parent Alphabet and Facebook parent Meta announce significant job cuts.
French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030.. BNP Paribas said it plans to have more than 80 percent of its energy production financing activities geared towards the production of low-carbon energies.
US concert booking website Ticketmaster was hit by a cyberattack last year that led to it botching sales for Taylor Swift's US tour, it told lawmakers on Tuesday as it apologized to the pop superstar and her fans.. Critics have long accused the company of being a monopoly, but fan outrage boiled over in November as website outages left thousands of "Swifties" who had been hoping to catch the 33-year-old "Bad Blood" singer's Eras tour empty-handed.
Norway on Tuesday said it plans to offer a record number of gas and oil exploration blocks in the Arctic, with environmental NGOs condemning an "aggressive" promotion of fossil fuels.. The NGO said the proposal would violate the commitment not to explore virgin territory as some blocks were to be located far from existing infrastructure.
3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based on weakening demand.. "Based on what we see in our end markets, we will reduce approximately 2,500 global manufacturing roles –- a necessary decision to align with adjusted production volumes," he said.
