Philip Green prepares to break up his Arcadia Group: Sunday Times

Philip Green prepares to break up his Arcadia Group: Sunday Times
Sir Philip Green attends the TopShop Spring/Summer 2018 show at London Fashion Week in London, Britain September 17, 2017. REUTERS/Mary Turner LONDON (Reuters) – Philip Green is preparing to break up his Topshop-to-Dorothy Perkins fashion empire, the Sunday Times reported citing unidentified sources. The newspaper said Green would separate the brands of his Arcadia Group so they can be sold... Read More

Delays expected at Amsterdam’s Schiphol Airport as KLM ground staff strike

Delays expected at Amsterdam’s Schiphol Airport as KLM ground staff strike
FILE PHOTO: Trucks are seen on the tarmac at Amsterdam Schiphol airport in Amsterdam, Netherlands July 24, 2019. REUTERS/Anthony Deutsch AMSTERDAM (Reuters) – Ground staff for the Dutch arm of Air France KLM SA (AIRF.PA) are set to strike on Monday morning at Amsterdam’s Schiphol Airport, likely causing delays and canceled flights, the Dutch union FNV said Saturday. The ground... Read More

Factbox: Next rounds of Trump’s tariffs on Chinese goods to hit consumers

Factbox: Next rounds of Trump’s tariffs on Chinese goods to hit consumers
(Reuters) – U.S. President Donald Trump’s next round of tariffs on Chinese imports is scheduled to take effect starting on Sunday, escalating the trade war between the world’s two largest economies with a big hit to consumer goods. FILE PHOTO: A “Made in China” sign is seen on a box at a stall inside an electronics mall on Huaqiangbei Commercial... Read More

China’s factory activity shrinks for fourth month as trade woes deepen

China’s factory activity shrinks for fourth month as trade woes deepen
BEIJING (Reuters) – Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy. FILE PHOTO: A worker welds automobile parts at a workshop manufacturing automobile accessories in Huaibei, Anhui province, China June 28,... Read More

China’s factory activity shrinks for fourth month as trade pressure mounts

China’s factory activity shrinks for fourth month as trade pressure mounts
BEIJING (Reuters) – Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy. FILE PHOTO: A worker welds automobile parts at a workshop manufacturing automobile accessories in Huaibei, Anhui province, China June 28,... Read More

China August factory activity shrinks for fourth month: official PMI

China August factory activity shrinks for fourth month: official PMI
FILE PHOTO: A worker welds automobile parts at a workshop manufacturing automobile accessories in Huaibei, Anhui province, China June 28, 2019. REUTERS/Stringer BEIJING (Reuters) – Factory activity in China shrank in August for the fourth month in a row, official data showed on Saturday, as the United States ramped up tariff pressure and domestic demand remained sluggish. The Purchasing Managers’... Read More

China’s service sector activity grows at quicker pace in August: official PMI

China’s service sector activity grows at quicker pace in August: official PMI
BEIJING (Reuters) – Growth in China’s services sector activity picked up for the first time in five months in August, official data showed on Saturday, cushioning some of the economic impact from intensifying U.S. trade pressure. The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 53.8 from 53.7 in July. It stayed well above the 50-point mark that separates growth... Read More

China July factory activity shrinks for fourth month: official PMI

China July factory activity shrinks for fourth month: official PMI
FILE PHOTO: A worker welds automobile parts at a workshop manufacturing automobile accessories in Huaibei, Anhui province, China June 28, 2019. REUTERS/Stringer BEIJING (Reuters) – Factory activity in China shrank in August for the fourth month in a row, official data showed on Saturday, as the United States ramped up tariff pressure and domestic demand remained sluggish. The Purchasing Managers’... Read More

Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in

Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in
SAN FRANCISCO (Reuters) – U.S. retailers will be front and center on Wall Street next week as the United States imposes new tariffs on $300 billion worth of Chinese imports, including clothing, televisions and jewelry. The upcoming tariffs on Chinese goods will hit consumers more directly than duties already levied against $250 billion worth of imports. Retailers are scrambling to... Read More

U.S. and China will meet in September, Trump says, but tariff hikes remain

U.S. and China will meet in September, Trump says, but tariff hikes remain
WASHINGTON (Reuters) – Trade teams from China and the United States continue to talk and will meet in September, but tariff increases on Chinese goods set to go in place on Sunday will not be delayed, President Donald Trump said on Friday. The U.S. president, who has alternated between expressing optimism about a trade deal and criticism of China for... Read More