NEW YORK: Nike Inc reported quarterly revenue that failed to beat Wall Street estimates for the first time in over a year, as sales fell short of expectations in its biggest market of North America, sending its shares tumbling 5 percent on Thursday. Shares of the world’s largest sportswear maker
ATHENS: Attackers on a motorcycle threw a hand grenade at the Russian consulate in Athens early yesterday, causing no injuries and slight damage, police said. There was no immediate claim of responsibility for the early morning attack on the consulate in the Athens suburb of Chalandri. Police had cordoned off
WASHINGTON: The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labour market conditions, though the pace of job growth has slowed after last year’s robust gains. Other data on Thursday showed a measure of factory activity in the mid-Atlantic region
NEW YORK: American whiskey exports slumped in the second half of 2018, taking a blow from higher duties by the country’s trading partners following President Donald Trump’s tariffs on steel and aluminium imports, an industry group said on Thursday. Canada, China, Mexico and the European Union slapped import duties ranging
BERLIN: The mood among German investors improved by much more than expected in March, a survey by the ZEW research institute showed yesterday, as a potential delay to Britain’s departure from the European Union buoyed sentiment. British lawmakers voted overwhelmingly last Thursday to seek a delay in Britain’s exit from
NEW YORK: Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft Inc, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1,
A museum in Britain has agreed to return a ruler’s locks of hair cut from his corpse by a British soldier more than 150 years ago, Ethiopia said on Monday. Emperor Tewodros II took his own life after his defeat by British troops at the Battle of Magdala in northern
FRANKFURT: Berlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters. Deutsche Bank’s management board has agreed to hold talks with Commerzbank about the feasibility of
NEW YORK: The oil industry converges this week on Houston at CERAWeek, the largest gathering of top energy executives in the Americas, with oil majors showing a bigger presence as the United States has taken the crown as the largest crude producer in the world. After a year that saw
DUNSFOLD AERODROME (England): Nicolas Hamilton, half-brother of five-times Formula One world champion Lewis, is back on the racetrack and keen to set the record straight. The 26-year-old, who has overcome cerebral palsy to establish himself as a disabled racer, is set for a full season in the British Touring Car
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