Gucci has raised the price of handbags by up to 9per cent, joining rivals Louis Vuitton and Chanel in a bet their brands will still lure the wealthy, a Jefferies report said on Friday, as top luxury brands try to shake off the impact of the COVID-19 pandemic.
Apple Inc will shut some stores again in Florida, Arizona, South Carolina, and North Carolina in the United States due to a spike in novel coronavirus cases, Bloomberg News reported on Friday.
Renault's incoming Chief Executive Luca de Meo said on Friday he was confident the ailing French carmaker, which has just launched major cost cuts, could deliver a positive surprise for investors after a period of faltering sales and margins.
SINGAPORE: Restaurants were filled out on Friday (Jun 19), the first day of Phase 2 of Singapore's reopening after a two-month-long COVID-19 "circuit breaker". Phase 2 was announced on Jun 15, after which modern European restaurant LeVeL33 set the date for its own reopening. Just minutes after ...
The chief executive of Wirecard resigned on Friday after the search for US$2.1 billion of cash missing from the embattled electronic payments firm hit a dead end in the Philippines.
A sale of the Philadelphia Energy Solutions oil refinery site to real estate developer Hilco is expected to close next week for US$27.5 million less than planned, the bankrupt refiner said in a court filing.
Deutsche Telekom boss Tim Hoettges has his sights on becoming market leader in the United States, setting a high bar for U.S. unit T-Mobile after its US$23 billion takeover of Sprint.
France's top administrative court upheld a 50 million-euro fine (US$56 million) imposed last year on Alphabet's Google for breaching European Union online privacy rules, it said on Friday.
The U.S. current account deficit dipped to a near two-year low in the first quarter as the COVID-19 pandemic restricted the flow of goods and services.
It would be wrong for Germany to impose blanket bans on foreign vendors of telecoms network equipment, Deutsche Telekom CEO Tim Hoettges said on Friday, in an answer to a question about China's Huawei Technologies.
