US perfume and beauty products giant Coty said Friday that it was looking at a second stock listing in Paris as part of its efforts to strengthen its presence in Europe.. Coty's arrival would provide a boost to the Paris exchange, which according to data from Bloomberg saw the capitalisation of its listed firms surpass that of London's stock exchange last year for the first time, thanks in large part to the soaring value of luxury firms.
Hiring in the United States picked up pace in April and unemployment returned to the lowest level in decades, government data showed Friday, defying expectations of a slowdown despite higher interest rates.. Analysts originally expected hiring to ease to the slowest pace in over two years, closely eyeing the job market for signs that the economy is cooling enough for the central bank to pause its cycle of rate increases.
Germany's Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism.. A "clearly defined" group of energy-intensive industries would have access to the low-cost electricity, according to the plan, including sectors such as chemicals, steel and glass manufacturing.
HSBC faced a vote by shareholders Friday over an activist proposal supported by the bank's largest stakeholder, Chinese insurer Ping An, to split the business as they seek better returns.. Huang said the proposal would allow HSBC to retain control over a separate Asia business, adding that the bank's management had "exaggerated many of the costs and risks" associated with a split.
German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was "hurting" its bottom line.. The end of its highly successful Yeezy line, designed in collaboration with West, hit sales by about 400 million euros in the quarter.
Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.. It was the biggest decline since April 2020, when the coronavirus pandemic snarled the global economy amid lockdowns and border closures.
Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns.. Asia-focused HSBC has urged shareholders to vote down the proposal at its annual general meeting in Birmingham, central England.
Asian stocks were mixed on Friday following a slide on Wall Street driven by renewed fears of banking sector turmoil.. "The acute phase of bank turmoil may not be over, and policymakers need urgently to recognise that," Krishna Guha, vice chairman at Evercore ISI, told Bloomberg.
Little is certain in Afghanistan -- armies invade and retreat, governments rise and fall -- but when the key of a Toyota Corolla turns in the ignition, the engine can be relied upon to roar to life.. But all their roads have led to Afghanistan, where "people have a special craze for Toyota", Nazar insists.
Fox News is caught between a rock and a hard place after prime-time host Tucker Carlson's ouster, with legal challenges piling pressure to curb what observers call blustery on-air disinformation at the risk of alienating his large conservative audience.. "Tucker Carlson's ouster exposed the inherent flaw in Fox News' business model: It built a massive audience with incendiary, toxic rhetoric," Matt Gertz, a senior fellow at the nonprofit Media Matters for America, told AFP. "Carlson's show drove away advertisers, but now his fans are abandoning Fox, and to win them back, the network will likely have to deploy the sort of Carlson-style content that alienates its business partners.
