 | | | | Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co in an effort to move away from affiliate Alibaba Group Holding Ltd , the Wall Street Journal reported on Thursday. | | | | | | Italy's Prada posted a 22% growth in first half sales, above market estimates, with lockdowns in China and the conflict in Ukraine offset by the strength of Europe, United States and the Far East. | | | | | | Futures for Canada's main stock index slipped on Thursday, as gloomy forecasts from some U.S. companies soured global sentiment and offset a jump in commodity prices after the U.S. Federal Reserve raised hopes of slowing its monetary policy tightening. | | | | | | Europe's biggest hotel group Accor's shares shed 7% on Thursday after a disappointing 2022 profit outlook overshadowed a big jump in half-year revenue. | | | | | | U.S. stock index futures fell on Thursday led by Nasdaq as gloomy forecasts from Meta and Qualcomm soured the mood ahead of data which could likely show a slight rebound in U.S. economic growth in the second quarter. | | | | | | Marlboro maker Altria Group Inc on Thursday cut the value of its stake in Juul Labs Inc by about 72% to $450 million as the e-cigarette maker comes under intense regulatory scrutiny with the risk of a complete ban in the United States. | | | | | | Harley-Davidson Inc. posted a rise in profit and maintained its full-year revenue outlook on Thursday even as a two-week production shutdown hurt second-quarter sales. | | | | | | Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the world economy is headed inexorably towards recession. | | | | | | European countries are looking at ways to curb gas demand as they brace for further cuts in Russian supplies, raising the prospect of rationing across the continent. | | | | | | A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers' pricing power that has been boosting earnings across the industry in recent quarters, Stellantis CEO Carlos Tavares said on Thursday. | | | | | |
