News
Motor racing-Hamilton feels closer to winning again after ending podium drought
2+ hour, 26+ min ago (632+ words) SHANGHAI, March 15 (Reuters) " Lewis Hamilton said his first win for Ferrari was looking closer after the seven-times Formula One world champion ended a long wait for a podium with the Italian team at the Chinese Grand Prix on Sunday. The…...
Motor racing-Mercedes’ Wolff says too early for title talk after Antonelli’s first F1 win
2+ hour, 26+ min ago (421+ words) SHANGHAI, March 15 (Reuters) " Mercedes boss Toto Wolff sought to dampen hype building around 19-year-old Kimi Antonelli after the Italian powered to a commanding first Formula One grand prix win on Sunday in "China to put himself in championship contention. "You…...
Motor racing-Russell takes pole for Mercedes at Australian Grand Prix
1+ week, 1+ day ago (547+ words) MELBOURNE, March 7 (Reuters) " George Russell took pole position and teammate Kimi Antonelli locked up the front row as Mercedes confirmed their off-season promise by dominating qualifying at Formula One's season-opening Australian Grand Prix on Saturday. Briton Russell lapped Albert Park's…...
LVMH investors still cautious about luxury fatigue, Chinese growth
1+ mon, 2+ week ago (606+ words) PARIS, Jan 27 (Reuters) " Investors are hopeful LVMH's annual results on Tuesday will show further signs the luxury giant is recovering after a lengthy slowdown, but they also want more action from CEO Bernard Arnault to win back shoppers alienated by…...
Saks Global’s architect Richard Baker walks away from checkered legacy
2+ mon, 1+ day ago (714+ words) By Nicholas P. Brown and Juveria Tabassum NEW YORK, Jan 14 (Reuters) " Richard Baker, who stepped down as CEO of bankrupt luxury shopping empire Saks Global, has had a long career at the intersection of retail and real estate investment, including some…...
Volkswagen pushing ahead with German cost-cutting, brand boss says
2+ mon, 4+ week ago (262+ words) BERLIN, Dec 18 (Reuters) " Volkswagen is making progress with its cost-cutting drive, the head of the German carmaker's core brands said in "a media interview on Thursday, pointing to headcount reductions and savings at the group's plants in Germany. The company…...
Motor racing-Hamilton plans to bin his phone following nightmare season
3+ mon, 1+ week ago (393+ words) ABU DHABI, Dec 7 (Reuters) " Seven-times world champion Lewis Hamilton plans to throw his phone in the bin as he does not want to speak to anyone when he heads into Formula One's winter break after a nightmare debut season with…...
Volkswagen’s Blume to give up dual role as Porsche CEO, WiWo reports
6+ mon, 2+ week ago (308+ words) BERLIN (Reuters) -Porsche has launched the search for a successor for CEO Oliver Blume, who will give up the position to focus on his role as head of parent company Volkswagen, German business magazine WirtschaftsWoche reported on Wednesday. Blume's dual…...
Fire breaks out onboard Maersk container vessel off Liberia
7+ mon, 1+ day ago (158+ words) COPENHAGEN (Reuters) -A fire broke out onboard a Maersk container vessel off the coast of Liberia on Wednesday and the crew was still battling to put out the flames a day later, the Danish shipping group said on Thursday. "The…...
Swiss luxury watchmakers drop after Trump tariff shock
7+ mon, 1+ week ago (322+ words) (Reuters) -Swiss luxury watchmakers" shares, including Richemont and Swatch, were volatile in early trade on Monday, underscoring the challenges for the industry after U.S. President Donald Trump imposed a 39% tariff on Swiss imports. The sector, which exported watches worth 26 billion Swiss…...