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The British company Burberry Group, one of the world's leading manufacturers of luxury goods, reported that its retail sales in the first fiscal quarter ended June 30, in annual terms, did not change a lot and amounted to 479 million pounds sterling. Excluding changes in exchange rates, the indicator increased by 3%. The growth of comparable sales also amounted to 3%. In the Asia-Pacific region, the indicator grew by 5%. In the region, including Europe, the Middle East, India and Africa, retail sales fell by several percent.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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