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Finance

Finance

Prada buys Versace to create Italian fashion powerhouse

Bermuda Broadcasting Newsdesk -
Follows announcement that Donatella Versace was stepping down as the chief creative officer International news via Reuters: Prada struck a deal on Thursday to buy smaller...
Finance

UK’s Tesco warns profit to fall as it prepares for price war

Bermuda Broadcasting Newsdesk -
Cost-jump predicted following higher social security payments imposed by the government International news via Reuters: Tesco, Britain's biggest food retailer, warned on Thursday its profit would...
Finance

Australia turns down China’s offer to ‘join hands’ to fight US tariffs

Bermuda Broadcasting Newsdesk -
Australia ships almost a third of its goods to China, and less than 5% of to the United States International news via Reuters: Australia on...
Finance

Procter & Gamble was the target of EU antitrust probe alongside Coca-Cola bottlers, Bloomberg reports

Bermuda Broadcasting Newsdesk -
Formal allegations have yet to been made against Procter & Gamble International news via Reuters: Tide detergent maker Procter & Gamble has been identified as the...
Breaking Story

Trump raises tariffs again on China, appears to pause them for others

Bermuda Broadcasting Newsdesk -
Trump authorised a 90-day pause but also raised the tariff rate for China to 125%, effective immediately International news via Reuters; U.S. President Donald Trump on...
Finance

Oil hits 4-year low, coffee falls as trade war escalates

Bermuda Broadcasting Newsdesk -
Oil has lost about one-fifth of its value since Trump announced higher tariffs on trading partners International news via Reuters: Oil prices fell to a four-year...
Finance

South Korea announces emergency measures for auto industry hit by US tariffs

Grae Minors -
Measures include financial support for the auto industry, tax cuts and subsidies International news via Reuters: South Korea on Wednesday announced emergency support measures for its...
Finance

EU countries set to approve first retaliation against U.S. tariffs

Bermuda Broadcasting Newsdesk -
Approval comes the day of Trump's "reciprocal" tariffs on the EU and others take effect International news via Reuters: European Union countries are expected to approve...
Finance

Dollar falls as prospect of tariff talks calms global markets

Bermuda Broadcasting Newsdesk -
The dollar was last down 0.6% against the Japanese yen and 0.7% against the Swiss franc International news via Reuters: The U.S. dollar fell on Tuesday...
Finance

China to ‘fight to the end’ as countries plot responses in Trump tariff war

Bermuda Broadcasting Newsdesk -
Chinese manufacturers of goods from tableware to flooring are warning about profits International news via Reuters: China refused to bow to what it called "blackmail" from...
Finance

Drugmakers warn EU that US tariffs further weaken sector in Europe, sources say

Bermuda Broadcasting Newsdesk -
Pharmaceutical makers' trade lobby EFPIA hope to mitigate the "risk of exodus" to the U.S. International news via Reuters: European pharma companies warned the European Commission...
Finance

Trump compares tariffs to ‘medicine’ as Asian markets convulse

Bermuda Broadcasting Newsdesk -
Asian stocks saw steep losses in early trading on Monday International news via Reuters: U.S. President Donald Trump said on Sunday foreign governments would have to pay...
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