Bjorn Gulden’s warning that the Yeezy shoe debacle could lead to a €700 million ($750 million) loss at Adidas AG won’t have come as a total surprise to investors familiar with the CEO’s track record as a turnaround artist at other struggling companies.
Britain’s young people are tightening their belts far more than older generations in a cost-of-living crisis that’s left Baby Boomers tapping their savings to keep spending.
Berlin’s new tech recruits are being told to take any apartment they can get, even if it’s nowhere close to the trendy neighborhoods that may have lured them to the German capital.
China accused the US of exaggerating the dispute over a balloon the Biden administration says was conducting surveillance, signaling the nations remain at odds over an issue that’s rekindled tensions.
Russia launched its biggest barrage of missile attacks so far this year against Ukraine after President Volodymyr Zelenskiy completed a visit to European capitals, where he sought more weapons to fend off Vladimir Putin’s invasion.
President Joe Biden will not be doing a pre-Super Bowl interview with a Fox Corp. network, putting an end to confusion over whether the traditional sit-down before the year’s biggest television event was on or off.
Stanley Fischer’s school of central bank leadership has a new graduate.
The shock news that Kazuo Ueda will likely be chosen to head the Bank of Japan has led investors to probe the policy stance of the economist and former policy board member.
Evan Corcoran, one of Donald Trump’s lawyers, appeared before a federal grand jury last month as part of the special counsel investigation into whether classified information and other government records were mishandled at the former president’s Mar-a-Lago estate, according to people familiar with the matter.
(Bloomberg) — Chinese banks extended a record amount of new loans in January after authorities prodded them to lend more to businesses, though consumer borrowing remained subdued.
