Business

NEW YORK CITY: Tapestry, the parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. Big fashion has been getting even bigger through a spate of acquisitions as US players seek more sway in Europe. …

Disney is raising the price of its streaming service Disney+ around the world, but it plans to offer a cheaper version supported by advertising in Canada starting in November.  Company is changing pricing options in markets around the world. Disney is raising the price of its streaming service Disney+ around …

Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion US in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological …

SAN FRANCISCO, California: Linda Yaccarino, chief executive officer of social media platform X, said on Thursday that the company, formerly known as Twitter, is “close” to breaking even and is hiring to beef up a staff slashed by owner Elon Musk. BREAK-EVEN Elon Musk (left) speaks with X CEO Linda …

SINGAPORE: Singapore on Friday cut its economic growth forecast for this year owing to weak demand from key export markets including China and the United States. The Southeast Asian nation’s performance is often seen as a barometer of the global environment because of its reliance on international trade. APPROACH WITH …

Aurora Cannabis Inc. shaved $590.4 million off its net loss in its most recent quarter as it continued its search for savings and began laying the groundwork for a future orchid business.  Cost saving measures have included staffing cuts along with facility closures. Aurora Cannabis Inc. shaved $590.4 million off …

HONG KONG: Hong Kong carrier Cathay Pacific on Wednesday swung to a healthy profit in the first half of the year, thanks to a pickup in travel, with the airline expecting passenger capacity to reach 70 percent of pre-pandemic levels by end of the year. TAKING OFF This photo taken …

WASHINGTON, D.C.: Inflation in the United States likely rose in July for the first time in 12 months, driven higher by more expensive gasoline and suggesting that the fight against rising prices may prove bumpier in the months ahead. The inflation report the government will issue on Thursday is expected …

BURBANK, California: In his dry cleaning shop near the Warner Bros. and Disney studios, Tom Malian looks in despair at a carousel mostly empty of the shirts, jackets and pants it held before Hollywood went on strike. Film and TV production ground to a halt 100 days ago when writers …

Grocery chain Metro Inc. says its profits surged in its latest quarter, fuelled by higher sales.  Higher profits come as company deals with 3,700 striking workers at locations around Toronto. Grocery chain Metro Inc. says its profits surged in its latest quarter, fuelled by higher sales. In the quarter ended …