German sportswear giant Adidas said Friday it was reconsidering its partnership with Kanye West after the US rap star reportedly became disgruntled with how the brand was marketing his products. . West and retail brand Gap also announced an end to a partnership last month, with the artist saying he had plans to open his own stores.
France has repeatedly been in critics' sights over its lower level of military support to Ukraine compared with allies, but officials and experts say capacity rather than political will is at the root of the differences.. Even with its far higher stocks and productive capacity, "there is starting to be concern among US military leaders about weapons reserves" given the level delivered to Ukraine and the parallel commitment to defend Taiwan in case of Chinese attack.
Frustrated motorists faced more chaos at petrol pumps across France on Friday as a strike at energy giant TotalEnergies entered its 12th day.. The supply situation would improve "within two or three days", she predicted, saying that just 15 percent of all petrol stations in France had been affected.
EU leaders meeting in Prague on Friday looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine.. But it was the sharp disagreements over how to tackle the energy crisis that were the major focus of attention as the 27 nations wrangled over the best plan to try to bring down prices.
Taiwanese semiconductor giant TSMC posted better-than-expected third-quarter profits on Friday as rivals warn that demand for consumer electronics is being hit by the global economic downturn.. TSMC's results came the same day biggest rival Samsung Electronics warned it expects operating profits in the third quarter to fall 32 percent.
Frustrated motorists faced more chaos at petrol pumps across France on Friday as a strike at energy giant Totalenergies entered its 12th day.. The supply situation would improve "within two or three days", she predicted, adding that just 15 percent of all petrol stations in France had been affected.
Asian markets fell and the dollar held an advance as the optimism that coursed through trading floors earlier this week gave way to nervousness ahead of a massive US jobs report later Friday that could determine Federal Reserve rate hike plans.. The risk-off mood saw the dollar bounce Thursday after days of losses caused by traders lowering their rate expectations, and it held the advance in early Asian business.
Samsung Electronics expects operating profits in the third quarter to fall 31.7 percent, the South Korean tech giant said in a statement Friday, after a global economic downturn hit demand for consumer electronics.. Until the second quarter of this year, Samsung, along with other tech companies, significantly benefitted from strong demand for electronic devices -- as well as chips that power them -- during the pandemic.
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The United States will require further interest rate hikes in order to cool the world's largest economy and rein in high prices, Federal Reserve Governor Lisa Cook said Thursday.. "Restoring price stability likely will require ongoing rate hikes and then keeping policy restrictive for some time until we are confident that inflation is firmly on the path toward our two percent goal," Cook said.
