Business

Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the city on Tuesday evening.

There’s relief in Ukraine Wednesday after the U.S. Senate approved a $61 billion foreign aid package for Kyiv on Tuesday night.

Shares of SenseTime traded as high as 82 Hong Kong cents, a 34.42% gain from its previous close of 61 cents.

Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.

From startups to government agencies, Amazon CTO Werner Vogels said customers “have been asking” for local data residency.

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

The chief executive of the world’s largest wealth fund says there are many wildcards in financial markets right now.

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

European markets opened in positive territory Wednesday, building on gains seen since the start of the week.

India’s EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India’s CEO Emeritus.

Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.

The virus, commonly referred to as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days.