A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, […]
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Hindenburg’s latest short target Temenos rejects allegations as share price tumbles
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024. Michael M. Santiago | Getty Images Shares in Swiss software company Temenos were down over 6% on Friday afternoon, extending Thursday’s losses when they closed over 28% lower. Temenos on Thursday released […]
Jailed Putin opponent Alexei Navalny has died, Russian media says
Russian opposition leader Alexei Navalny is seen on a screen via video link from the IK-2 corrective penal colony in Pokrov before a court hearing to consider an appeal against his prison sentence, in Moscow, Russia May 17, 2022. Evgenia Novozhenina | Reuters Imprisoned Russian opposition politician Alexei Navalny has […]
What will retail look like in five years? Top industry executives share their predictions
Illustration by Christina Locopo Retail has seen unprecedented upheaval over the last several years. Some of the industry’s key decision-makers expect even more evolution ahead. Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those […]
Starbucks has a new accessible store design. Take a look inside
The exterior of Starbucks’ new Union Market location Source: Starbucks Starbucks has unveiled a new store design focused on accessibility and inclusion, with fresh light fixtures and open floor plans. The coffee giant opened the first location with the new design on Friday in Washington, D.C.’s Union Market. “Designing for […]
Insurance giant Swiss Re posts 580% jump in full-year profit, warns consumers about climate costs
Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024. Fabrice Coffrini | Afp | Getty Images Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an […]
What to expect as the Munich Security Conference kicks off with beefed up security
Police forces gather in the surrounds of the Munich Security Conference. CNBC MUNICH, Germany — Security forces descended on Munich, Germany on Friday as global leaders gathered for the city’s annual security conference, which this year looks likely to be among the most consequential in its 60-year history. Dubbed the […]
Coinbase shares surge in premarket trade after posting first quarterly profit in two years
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty Images Shares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S. premarket trading after the company reported its first profit in two […]
What to expect as the ‘Davos of Defense’ kicks off in Munich with beefed up security
Police forces gather in the surrounds of the Munich Security Conference. CNBC MUNICH, Germany — Security forces descended on Munich, Germany on Friday as global leaders gathered for the city’s annual security conference, which this year looks likely to be among the most consequential in its 60-year history. Dubbed the […]
Japan slipped into a technical recession. The Bank of Japan has to juggle supporting the yen and fragile growth
An editorialized picture of a falling graph against the Japanese flag. Natanael Ginting | Istock | Getty Images Japan’s central bank is expected to exit its negative interest rate regime this spring, though sluggish growth will limit its ability to alleviate depreciation pressure on the yen, according to a former […]