Swatch Group could hit record sales of as much as 9 billion Swiss francs ($9.8 billion) this year as China rebounds from Covid restrictions and demand remains strong in Europe and the US, Chief Executive Officer Nick Hayek said in an interview.
The US said it will increase pressure on China to stop buying Iranian oil, as the White House seeks to enforce sanctions aimed at curbing the Islamic Republic’s nuclear activities.
Maruti Suzuki India Ltd. reported a higher-than-expected profit in the latest quarter as car sales rebounded and supply chain issues eased. Shares rose.
European natural gas dropped with fuller-than-normal stockpiles protecting against any supply curbs, while the demand outlook eased with an icy blast forecast to end soon.
(Bloomberg) — Serbia will look into a European Union plan that proposes normalizing ties with Kosovo as it risks losing its chance to join the bloc, President Aleksandar Vucic said.
Budget fashion retailer Primark had a record week in the run-up to Christmas as shoppers hunted for bargains during the worst cost-of-living crisis in decades.
The squeeze on Germany’s economy eased further at the start of the year as the services sector grew for the first time since June, another sign the country may dodge a recession that many had predicted as a result of Russia’s war in Ukraine.
Chancellor Olaf Scholz’s cautious approach to sending Leopard battle tanks – or allowing other countries to export their own stocks of the German-made military vehicles – to Ukraine is confusing allies and creating splits within his own government.
The Qatar Investment Authority boosted its stake in Credit Suisse Group AG to 6.87% from about 5.6% previously, according to a filing from the sovereign wealth fund.
Japan continues to predict it can balance its budget in the year starting April 2026 under a high-growth scenario, despite plans to ramp up defense spending over the coming years.
