Burberry puts focus back on trench coats in turnaround plan
By Helen Reid LONDON (Reuters) -Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on…
Economy
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Climate talks urged to find $1 trillion a year for poorer countries
By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) – Pay now to help poorer countries cope with climate change or pay more later, negotiators were warned on Thursday…
ECB to cut interest rates further as prices converge towards goal, De Guindos says
MADRID (Reuters) – The European Central Bank is on its path to cut interest rates further as recent euro zone data show inflation is on track to reach the bank’s…
Futures muted; Trump’s party wins full control of Congress – what’s moving markets
Investing.com – US stock futures hovered around both sides of the flatline on Thursday, with inflation data and commentary from Federal Reserve speakers in focus. Republicans gain a majority in the…
BOJ should raise rates to 1% to reverse weak yen, says opposition lawmaker
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan should raise interest rates at least to 1% to roll back an “abnormally” huge stimulus that is…
Australia regulator to ramp up focus on protecting consumer savings
(Reuters) – Australia’s corporate watchdog said on Thursday its focus next year will be on protecting consumers bearing the brunt of rising cost-of-living pressures by clamping down on wrongdoing across…
Japan planning $87 billion extra budget to fund stimulus package, paper says
TOKYO (Reuters) -The Japanese government is making arrangements to compile a supplementary budget of about 13.5 trillion yen ($87 billion) to fund a stimulus package to help low-income households and…
Trump’s Treasury pick: Lutnick now a top contender alongside Bessent, sources say
By Svea Herbst-Bayliss and Alexandra Ulmer (Reuters) – Billionaire banker Howard Lutnick has emerged as a serious contender alongside investor Scott Bessent for the top Treasury job in the new…
FBI raids Polymarket CEO’s home, seizing phone, electronics
By Michelle Conlin NEW YORK (Reuters) -Federal law enforcement agents raided the downtown New York home of Polymarket CEO Shayne Coplan on Wednesday, seizing his phone and electronics, the company…
Morning Bid: No end in sight for Trump-fuelled trade
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election…