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(Reuters) -Visa reported an 8% rise in first-quarter profit on Thursday, as the world’s largest payments processor benefited from more customers swiping their credit cards for big purchases during the holiday shopping season and hitting the road. U.S. consumers shrugged off the impact of sticky inflation to ring in a solid holiday season, snapping up …

Visa quarterly profit rises as holiday shopping powers spending Read More »

By Deborah Mary Sophia and Katherine Masters (Reuters) -Levi Strauss & Co forecast annual sales and profit below Wall Street expectations on Thursday, and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business. Shares of the company fell …

Levi Strauss to cut jobs after projecting bleak 2024 on fragile wholesale business Read More »

By David Milliken LONDON (Reuters) -British authorities will not decide until next year at the earliest on whether to go ahead with a state-backed digital pound that would provide an alternative to payments operated by banks and technology companies. The Bank of England and Britain’s finance ministry said they would continue preparatory work following a …

UK still undecided on digital cash as privacy concerns persist Read More »

By Mimosa Spencer PARIS (Reuters) -Luxury goods group LVMH posted a 10% rise in fourth-quarter sales on Thursday, as growth edged up from the previous quarter, driven by resilient demand – including from Chinese buyers – for its high-end fashion over the all-important end-of-year period. Sales at the world’s biggest luxury group, which owns labels, …

LVMH grows sales as luxury shoppers show resilience Read More »

By Hannah Lang (Reuters) -PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said on Thursday as its chief executive tries to inject new life into the payments giant. It is the first major announcement under Alex Chriss, who joined PayPal in September, and the new products are …

PayPal to launch AI-based products as new CEO aims to revive share price Read More »

By Rajesh Kumar Singh, Abhijith Ganapavaram and David Shepardson (Reuters) -Boeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals as U.S. regulators froze production of the best-selling jets. The FAA ramped up scrutiny of Boeing after a frightening Jan. 5 incident when a cabin …

Boeing’s MAX production issues ripple across aerospace industry Read More »

-Norway’s Equinor said on Thursday it had entered into a swap transaction with BP to take full ownership of Empire Wind lease and projects while the British energy company takes over Beacon Wind. Equinor will also take over BP’s 50% share of the South Brooklyn Marine Terminal (SBMT) lease, the company said. Following the agreement …

Equinor to take full ownership of Empire Wind through swap transaction with BP Read More »

By Elvira Pollina MILAN (Reuters) – Serie A is exploring potential alternatives to a title sponsorship deal with Telecom Italia (TIM) whose brand has been tied with Italy’s top flight soccer league for over two decades, sources familiar with the matter said on Thursday. Serie A is seeking to sign a more lucrative deal once …

Soccer-Serie A explores alternatives to TIM in sponsorship deal talks, sources say Read More »