Newsfeed – Business News
Shein out at BHV as Paris retailer changes hands and charts new course
PARIS, June 17 — French department store BHV and online fast-fashion retailer Shein have ended their partnership, just seven months after the opening of a permanent Shein shop in the […]
Fujitsu chairman quits over ‘woman-related inappropriate conduct’ scandal
TOKYO, June 17 — Fujitsu’s chairman has stepped down over “woman-related inappropriate conduct”, the Japanese computing systems firm told AFP on Wednesday. Hidenori Furuta’s departure, effective Tuesday, came after the […]
Asian markets cautious as investors eye US-Iran deal fallout and Fed rate verdict
HONG KONG, June 17 — Asian investors trod water Wednesday after a breathtaking start to the week fuelled by the US-Iran deal, with attention now on peace talks and the […]
From Australia to London or New York in one hit: Qantas set to unveil Project Sunrise route
TOULOUSE, June 17 — Qantas Airways is set on Wednesday to unveil the first destination for the world’s longest non-stop flights from eastern Australia to London or New York, tackling […]
US Fed set to hold rates steady as Warsh faces first test amid inflation fears and Trump pressure
WASHINGTON, June 17 — The US Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh’s first meeting in charge of the central bank, with rate […]
Airbus confirms cancellation of AirAsia X order for 15 A330-900 jets
KUALA LUMPUR, June 17 — Airbus has confirmed that AirAsia X’s order for 15 Airbus A330-900 aircraft has been cancelled by mutual agreement between the two parties. “Airbus can confirm […]
BMW slashes 2026 outlook as West Asia war shock and China slump batter profits
FRANKFURT, June 17 — German carmaker BMW downgraded its 2026 targets Tuesday due to turmoil from the Middle East war and worsening business in key market China, and vowed to […]
Strait of Hormuz reopens, but the Gulf energy industry will never be the same
PARIS, June 17 — Oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal […]
KPMG, PwC, Deloitte, EY: Australia’s biggest accounting firms keep making headlines for the wrong reasons
SYDNEY, June 16 — KPMG’s audit-leak scandal is set to further dampen the prospects in Australia of the Big Four accounting firms, with data showing their new business revenue from […]
Ringgit weakens versus greenback after Bank of Japan raises interest rates
KUALA LUMPUR, June 16 —The ringgit closed lower against the US dollar today as investors remained cautious following the Bank of Japan’s (BOJ) decision to raise interest rates. At 6 […]