Italy’s artisans anxious as brands haggle to bridge luxury gap
By Silvia Ognibene and Silvia AloisiFLORENCE/MILAN (Reuters) - With unsold luxury handbags and clothing gathering dust in their…
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Major U.S. airline CEOs to hold White House meeting Friday: sources
By David Shepardson and Tracy RucinskiWASHINGTON/CHICAGO (Reuters) - The chief executives of major U.S. airlines are set to hold a…
Macy’s to lay off 3,900 employees
(Reuters) - Macy's Inc (N:M) said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen…
Lufthansa says it strikes deal with cabin crew unions
FRANKFURT (Reuters) - German airline group Lufthansa (DE:LHAG) on Thursday said it had struck a cost saving deal with unions representing…
IMF predicts deeper global recession due to coronavirus pandemic
WASHINGTON (Reuters) - The coronavirus pandemic is causing wider and deeper damage to economic activity than first thought, the…
Asia stocks at four-month top as markets stay stubbornly optimistic
By Wayne ColeSYDNEY (Reuters) - Asian shares cleared a four-month high on Wednesday as investors remained stubbornly upbeat on the…
Walmart to stop displaying Mississippi state flag in its stores for now
By Bhargav Acharya(Reuters) - Walmart (NYSE:WMT) Inc said on Tuesday it will no longer display the Mississippi state flag, which…
U.S. new home sales rebound strongly in May
WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased more than expected in May, suggesting the housing market was on the…
Tech, central bank support boost FX volumes, panel says
SINGAPORE/LONDON (Reuters) - Foreign exchange volumes have surged during the coronavirus pandemic instead of stalling as they usually do…
Trump suspends entry of certain foreign workers despite business opposition
By Ted HessonWASHINGTON (Reuters) - U.S. President Donald Trump suspended the entry into the United States of certain foreign workers on…