A new analyst has taken over coverage of the industry at the firm.
Zara owner Inditex profit jumps 40% as price rises slow
The world’s biggest fast fashion company beat expectations with a first-half net profit of 2.5 billion euros ($2.7 billion).
Fire at Vietnam apartment block kills 30 — state media
At least 30 people have been killed in a fire at an apartment block in Vietnam’s capital Hanoi, among them children, local media reported on Wednesday.
European Union launches anti-subsidy probe into Chinese EVs
The European Commission on Wednesday launched an investigation into the subsidies given to electric vehicle makers in China.
Apple hikes iPhone prices in key China and India markets despite keeping them the same in the U.S.
In China, which accounts for nearly 20% of Apple’s total sales, the company raised prices for nearly all of the iPhone 15 models.
UK economy shrinks at fastest pace in seven months, hit by strikes and wet weather
U.K. gross domestic product fell by 0.5% in July, below the 0.2% contraction forecast in a Reuters poll of economists.
European Central Bank is set for hawkish pause as the economy turns south
Shoppers in the region are holding back on spending as inflation eats up their disposable income.
SpaceX’s Starlink partners with European satellite giant SES for combined cruise market service
European satellite operator SES is teaming up with SpaceX’s Starlink to offer a combined service to cruise operators.
Early Revolut backer Lakestar leads $40 million investment in French fintech startup Swan
French embedded finance startup Swan raised 37 million euros ($40 million) in a series B investment led by European venture capital giant Lakestar.
Kim and Putin talks end after two hours, leaders hail alliance stretching back to Cold War era
North Korean leader Kim Jong Un and Russian President Vladimir Putin have begun their meeting at Russia’s Vostochny Cosmodrome where they will hold talks.
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