By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) – Nike will roll out new $100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back on track. Nike has significantly hiked the list price of its top-end…
By Rishav Chatterjee (Reuters) -Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on Friday, valuing the business at 7.40 billion euros ($7.93 billion). Geely and Renault will own around 45% each of the powertrain venture, called Horse…
(Reuters) – The White House is seeking an additional $4 billion in funding from Congress for disaster needs, including to help rebuild the Baltimore bridge after its collapse and in response to last year’s fires in Maui, the Office of Management and Budget said on Friday. Funds would also help survivors of tornadoes in Iowa,…
(Reuters) -Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing for a London listing, the Financial Times reported on Friday, citing people familiar with the situation. The company confidentially filed papers with Britain’s markets regulator in June, two sources told Reuters on Monday, kicking off the process…
