BUSINESS

British Pub Groups Face Rising Costs From Ukraine War

The Mitchells & Butlers company logo is pictured in London, Britain, December 1, 2021. Picture taken December 1, 2021.
Two major British pub operators on Wednesday warned that expenses stemming from the Russia-Ukraine war and the cost of living crisis would crimp their profits, suggesting a tough year ahead for an industry still recovering from the pandemic.
A woman walks past a Burberry boutique in Beijing, China, December 1, 2016.

Burberry Pins Prospects To China's COVID Recovery

Burberry's prospects depend on how quickly its biggest market, China, recovers from COVID-19 lockdowns, the British luxury goods brand said on Wednesday while reporting higher sales and profits for its 2022 financial year.
More news
A symphony of light consisting of bars, lines and circles in blue and yellow, the colours of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021.

Dollar Rebounds As Risk Appetite Fades

The U.S. dollar edged higher on Wednesday, on pace to snap a three-session losing streak, as concerns about the outlook for global economic growth and rising inflation knocked sentiment, a day after U.S.
Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020.

Fed's Evans Wants Smaller U.S. Rate Hikes By July Or Sept

Chicago Federal Reserve Bank President Charles Evans said he supports moving to a shallower rate-hike path by July or September to allow the Fed time to assess inflation and the job market as it pushes borrowing costs up to neutral, and likely beyond.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.