Tapestry Inc., with Coach, and Capri Holdings Ltd., with Michael Kors, have been battling for nearly a decade to dominate the US handbag market. On Thursday, Tapestry sealed its victory — and now the shopworn Michael Kors brand becomes its problem to solve.
Indian buyers, key consumers of cheap Urals crude since the invasion of Ukraine, have no plans to turn away from Moscow even as the discount to global benchmarks narrows, arguing Russian barrels remain among their most affordable options.
Fire researcher Mojtaba Sadegh says the power of heat, flames and embers moving through grass and buildings is “terrible.”
Five decades ago, while in his early-20s, Roland Mack boarded a flight to the US that swiftly led to major changes for one of Europe’s longest-running business dynasties.
Turkey’s current account moved into surplus for the first time in nearly two years, as a boom in tourism and a lower energy import bill helped ease pressures on the economy during a shift in domestic policies.
Oaktree Capital Management is looking to raise more than $18 billion in what would be the largest-ever private credit fund, according to people with knowledge of the matter.
China will allow provincial-level governments to raise about 1 trillion yuan ($139 billion) via bond sales to repay the debt of local-government financing vehicles and other off-balance sheet issuers, a small step toward addressing one of the biggest threats to the nation’s economy and financial stability.
Direct air capture plants proposed by Occidental and Climeworks will receive as much as $1.2 billion in US funding to fight climate change.
Country Garden Holdings Co., formerly China’s largest developer by sales, has become a Hong Kong penny stock amid increasing scrutiny of its operations and mounting liquidity concerns.
Huawei Technologies Co. grew sales for a third straight quarter, after new businesses like cloud services and a resurgent smartphone unit helped mitigate the fallout from US sanctions.
