Massive queues in Moscow as shoppers take last chance to shop at H&M

Western retail outlets including Ikea, Nike and Zara pull out of Russia after its invasion of UkraineRussian-Ukraine war – latest updatesLong lines of Russian shoppers formed outside H&M stores in...

Russians flock to H&M as fashion retailer opens stores to sell inventory

Breaking News MOSCOW - A long queue of Russians snaked through a Moscow shopping centre on Tuesday, waiting to get into H&M as the fashion retailer flung open its doors for a final time to sell...

Russian e-commerce firm Ozon launches own clothing brand

MOSCOW (Reuters) - Russian e-commerce firm Ozon said on Friday it was tapping into the online fashion market by launching its own brand of clothing. Clothes will be sold under the "Hola" label and...

Anthony Fauci to retire by end of U.S. President Biden's term

- Dr Anthony Fauci, an infectious disease expert who is the chief medical adviser to U.S. President Joe Biden, will retire by the end of Biden's term, he told Politico in an interview on...

Global markets follow Wall Street down

In Europe, the Stoxx 600 fell 1.3 percent. Spain reported its highest inflation rate in nearly 40 years. In Asia, Hong Kong’s Hang Seng lost 1.9 percent and Japan's Nikkei 225 closed down 0.9%.The...

Companies Scramble to Work Out Policies Related to Employee Abortions

Few companies have commented directly on the Supreme Court's ruling in Dobbs v. Jackson Women’s Health Organization. Far more have responded by expanding their health care policies to cover travel...

Buy this dip': Wall Street banks name global stocks and sectors that could be near a bottom

BofA named a European list of "High Quality stocks that derated the most this year" as its screen of the week. Top of the bank's list — ranked in order of quality — was Swiss industrials company...

The FTC sues TurboTax to stop 'misleading' ads for free tax prep software

Intuit’s “ubiquitous” advertising claiming its TurboTax tax prep software is free to use is misleading, the FTC says. The agency has asked a federal court to order Intuit to stop “disseminating...

No Ikea Shelves, No Levis: The Retailers Pulling Out of Russia

Stanley Black & Decker still deciding whether to keep business in Russia. New sanctions affecting the country could force the company to leave in coming weeks or months. "That’s something we’re...

No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On

Stanley Black & Decker still deciding whether to keep business in Russia. New sanctions affecting the country could force the company to leave in coming weeks or months. "That’s something we’re...

Luxury Giants LVMH and Hermès Will Close Stores in Russia Temporarily

LVMH Moët Hennessy Louis Vuitton and Hermès will temporarily close stores in Russia. The French brands join other Western companies in pausing retail operations as the Russian invasion of Ukraine...

Russian shoppers swarm Ikea stores to stock up before closures hit

IKEA is among a number of major US and European companies to have halted operations in Russia. IKEA said this week that it will close all its 17 stores in Russia because of the conflict. Russian...

European markets retreat to end wild week of volatility

The pan-European Stoxx 600 slipped 0.9% in early trade, with autos shedding 1.9%. Retail stocks were the only sector in positive territory, adding 1.1%. Economic data releases on Friday include...

China warns Walmart over alleged removal of Xinjiang-sourced products from stores

China's anti-graft agency accuses Walmart of "stupidity and shorted-sightedness" The Chinese government has been under scrutiny for its treatment of Uyghurs and other minority Muslims. Other...

H&F, Bain Capital tap into health tech boom with $17 bln Athenahealth deal

Private-equity firms Hellman & Friedman LLC and Bain Capital agree to buy Athenahealth for $17 billion. Athenahealth offers software that can help organize patient visits, document patient records...

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