Burberry Revenue Falls 31% in H1, with Sales Trends Improving

LONDON – Comparable store sales at Burberry made a big recovery in the second quarter of fiscal 2020-21, falling 6 percent compared with 45 percent in the previous quarter. In an interim update Thursday, the company added that comparable store sales returned to growth in the month of October. In the first half of the […]

China's economy accelerates in Q3, broadening recovery from pandemic

BEIJING (BLOOMBERG) – China’s economic recovery from the depths plunged during the Covid-19 pandemic continued, providing support for a world economy suffering its deepest recession since the Great Depression. Gross domestic product climbed 4.9 per cent in the third quarter from a year ago, according to data released on Monday (Oct 19). That’s lower than […]

Latin America's coronavirus cases top 8 million: Live news

As infections pass 8 million in Latin America, there are indications the virus spread is slowing in some countries. Greece, France and Palestine have all reported a record number of daily coronavirus cases. Antonio Guterres, the UN secretary-general, urged countries to find $15bn over the next three months to fund the ACT-Accelerator programme, a global […]

At least 15 killed in multi-car crash after curfew in Egypt

Fatal collision occurred a few hours after Egypt’s nighttime curfew took effect to curb the spread of the coronavirus. A truck smashed into multiple cars stopped at a checkpoint on a large Cairo road on Wednesday, killing 15 people just a few hours after a nighttime curfew took effect in Egypt to curb the spread of […]

A Big Bet That May Not Be Enough

• UniCredit reckons that the eurozone economy will shrink 0.2 percent in the first quarter and around 1 percent in the second. • Both sets of analysts expect an equally sharp rebound in the second half of the year, resulting in annual average growth of 0.4 percent in the U.S. and 0.1 percent in the […]

Coronavirus panic buying sees Iceland open early for older Brits only

As crazed coronavirus crisis shoppers frantically panic-buy for all they are worth, frozen food favourite Iceland is having none of it – and is sticking up for older Brits. Fed-up with selfish shoppers hoarding everything from bog roll to pasta, a branch of Iceland is starting the shopping equivalent of silver cinema to make sure […]