BUSINESS

Italian luxury group Moncler said on Thursday it would open, refurbish or relocate 200 stores in the next three years, mostly in Asia, and diversify into shoes and clothes for warmer weather.

Turkey's annual inflation jumped to a two-decade high of 69.97% in April, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy and commodity prices after last year's lira crash.

Millions in Beijing urged to work from home to fight Covid

TikTok to launch ad revenue-sharing program for creators

ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, with a sharp decline in the former Soviet Union countries.

The dollar will retain most of its recent gains for at least another six months, according to a Reuters poll of FX strategists who for years mostly held the view the greenback would weaken.

Stellantis is not considering splitting its electric vehicle (EV) business from its legacy combustion engine operation, its finance chief said on Thursday, as the carmaker presented above-expectation revenue data for the first quarter.

Revenue for carmaker Stellantis rose 12% in the first three months of the year, supported by strong pricing and the type of vehicles sold, offsetting the impact of the semiconductor shortage on volumes.

Revenue for carmaker Stellantis rose 12% in the first three months of the year, beating market expectations as strong pricing and the type of vehicles sold helped offset the impact of the semiconductor shortage on volumes.

Shell reported on Thursday a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.

Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.

BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and strong pricing, and kept its 2022 outlook, despite volatile prices for commodities and energy.

BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and strong pricing, and maintained its 2022 outlook despite volatile prices for commodities and energy.

UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put at risk by the Ukraine war, even as it set aside almost as much to cover the cost of quitting Russia.

German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core profit this year, after releasing upbeat guidance for the current quarter.

Credit Suisse froze 10.4 billion Swiss francs ($10.63 billion) of wealthy clients' assets in the first quarter under sanctions imposed in connection with Russia's invasion of Ukraine, the bank's financial report showed on Thursday.

Anheuser-Busch InBev reported higher than expected earnings in the first quarter on Thursday, as consumers bought more of its beer and accepted higher prices, prompting it to repeat its outlook for growth this year.

Germany's Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of COVID-19 curbs and the airline raises ticket prices to offset higher costs.

Warren Buffett's Berkshire Hathaway Inc has bought another 5.9 million shares of Occidental Petroleum Corp, boosting its stake in the oil company to about 15.2%.

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The dollar fell against Asian currencies on Thursday and was nursing its sharpest fall in more than a month against majors after the U.S.

The dollar rebounded on Thursday but held below 20-year highs reached last week, a day after the Federal Reserve affirmed that it would take aggressive steps to combat soaring inflation but played down the prospect of even larger rate hikes.

Facebook owner Meta Platforms Inc on Wednesday gave an early glimpse of its first physical store, which features a floor-to-ceiling screen for showing off games on its virtual reality headsets and rooms for testing video calling devices.

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.