Adidas slumps as Kanye split triggers new profit warning
Adidas (ADSGn.DE) shares slumped as much as 12 per cent on Friday after the sportswear maker warned it could plunge to a loss this year for the first time in ...
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UEFA president warns clubs against ‘reckless’ spending on player wages
UEFA president Aleksander Ceferin warned that many European clubs are “compromising their economic sustainability” due to ever-increasing player wages which have risen on average by 16% compared to pre-pandemic levels.
Europe’...
UK economy shows zero Q4 growth, narrowly avoids recession
UK GDP shows zero growth in Q4 after 0.2 per cent fall in Q3
Output falls 0.5 per cent in December, partly due to strikes
Economy grows 4 per cent in 2022 but still ...
Yahoo to lay off more than 20 per cent of staff
Yahoo said on Thursday it plans to lay off more than 20 per cent of its total workforce as part of a major restructuring of its ad tech division.
The cuts ...
Felix says couldn’t get used to Atletico style
Portugal forward Joao Felix said he left Atletico Madrid to join Chelsea on loan because he was struggling to get used to the Spanish side’s style of play, adding ...
Hatayspor withdraw from Turkish league after earthquake
Hatayspor have withdrawn from the Turkish Super Lig following the devastating earthquake that hit the country this week, the president of the Turkish Union of Clubs Ali Koc said on ...
Russia to cut oil output by 500,000 bpd in March
Russia to cut oil output by around 5 per cent in March
Brent rises 2.5 per cent on the news
West introduced price caps on Russian oil over Ukraine
Russia banned deals ...
Explosions in Kyiv as Ukraine’s power grid hit by Russian missiles (Update)
Russia unleashed a new wave of missile strikes on energy infrastructure across Ukraine on Friday, causing power outages, restricting water supplies and prompting new calls by Kyiv for Western arms.
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France doesn’t rule out fighter jets for Ukraine, but says more immediate firepower needed
French President Emmanuel Macron said on Friday he did not rule out sending fighter jets to Ukraine at some point, but that Kyiv was in need of more immediate military ...
Rescues provide glimmer of hope among Turkey quake ruins as toll tops 20,000
The rescue of several survivors from the rubble of buildings in Turkey lifted the spirits of weary search crews on Friday, four days after a major earthquake struck the country ...
JPMorgan CEO says too early to declare victory against inflation
The chief executive of JPMorgan Chase & Co. (JPM.N), the biggest US bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates ...
Airbus urges suppliers to carry extra stocks amid output snags
Airbus (AIR.PA) laid down the law to its stretched supply chain on Wednesday, with a senior US executive reminding contractors to meet timing and quality targets and recommending that ...
Britons face 20,000 digital pound cap under Bank of England plan
Britons would be limited to 20,000 digital pounds ($24,000) each if the country goes ahead with a digital currency, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
Britain’s government ...
Zelenskiy hopes for EU jets, gets standing ovation in Brussels
Ukrainian President Volodymyr Zelenskiy said on Thursday that several European Union leaders were ready to provide Kyiv with aircraft to help its battle against Russia’s invasion.
Speaking during his ...
Hope fades for survivors as Turkey-Syria earthquake toll passes 20,000
Cold, hunger and despair gripped hundreds of thousands of people left homeless after the earthquakes that struck Turkey and Syria three days ago as the death toll passed 20,000 on Thursday.
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‘Whodunit’ mystery arises over trove of prehistoric Kenyan stone tools
Scientists have a mystery on their hands after the discovery of 330 stone tools about 2.9 million years old at a site in Kenya, along Lake Victoria’s shores, that were used ...
Shielded from war, Syria town emptied out by earthquake and floods
Shielded from 12 years of civil war, the small northwest Syrian town of Al-Tloul near the Turkish border has been devastated by Monday’s huge earthquake and ensuing flooding that has ...
Italy bristles over Zelenskiy dinner snub in Paris
Italian Prime Minister Giorgia Meloni criticised France and Germany on Thursday after she was not invited to a dinner in Paris with Ukrainian President Volodymyr Zelenskiy, adding to friction between ...
Famed US composer Burt Bacharach dies at age 94
Composer Burt Bacharach, whose hits such as “Do You Know the Way to San Jose” and “Raindrops Keep Fallin’ on My Head” provided a mellow alternative soundtrack to rock and ...
North Korea shows off largest-ever number of nuclear missiles
Nuclear-armed North Korea showcased its missile production muscle during a nighttime parade, state media reported on Thursday, displaying more intercontinental ballistic missiles (ICBMs) than ever before and hinting at a ...
Turkey turns to tents and tourist resorts to house quake’s homeless
Turkey is grappling with one of the biggest challenges from the earthquake that flattened a swathe of its towns and cities: how to shelter hundreds of thousands of people left ...
January transfer window spending reaches record levels
Football clubs spent a record $1.57 billion on transfers in the January transfer window, the sport’s world governing body FIFA said on Thursday, with an all-time high number of international ...
Ukraine says jets and weapons resolved as Zelenskiy tours Europe
Ukraine said on Thursday the question of securing fighter jets and long-range weapons had been “resolved,” hinting at one of the most dramatic shifts in Western support since the war ...
Unilever says prices hikes will continue into this year, easing in H2
Unilever Plc (ULVR.L) said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs, and ease up those hikes ...