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A earnings call for the period ending October 31, 2021.
ZURICH (Reuters) -Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world's second-largest luxury group said on Wednesday. Sales at Richemont rose to 5.658 billion euros ($6.41 billion) in the company's third quarter ended December, a 32% increase when currency swings were removed. The performance was 38% better than the 2019 Christmas quarter before the pandemic hit, Richemont said in a statement.
BALTIMORE (AP) — A lawyer for Baltimore's top prosecutor has outlined her defense against federal criminal charges stemming from her purchase of two Florida vacation homes. Baltimore State’s Attorney Marilyn Mosby is accused of lying about meeting qualifications for coronavirus-related distributions from a city retirement plan. Her attorney, A. Scott Bolden, told reporters on Monday that Mosby was entitled to make an early withdrawal from her retirement savings without facing any penalties. “I’m
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its total gold production and consolidated gold revenues for the fourth quarter and full-year 2021, in addition to its production and budget guidance for 2022. All dollar figures are in United States dollars unless otherwise indicated.
On January 18, Contemporary Amperex Energy Service Technology Ltd. (CAES), a wholly-owned subsidiary of Contemporary Amperex Technology Co. Ltd. (CATL), rolled out its battery swap solution EVOGO featuring modular battery swapping at its first online launch event. Comprised of battery blocks, fast battery swap stations and an app, EVOGO will be first launched in ten cities, said Chen Weifeng, general manager of CAES.
Oracle opened a data centre in South Africa on Wednesday to provide local cloud services across Africa for the first time, joining the likes of Microsoft and Amazon in setting up facilities in the southernmost country on the continent. Africa will be the U.S. company's 37th "cloud region" - an area that allows customers to get faster access from a local data centre, in this case in Johannesburg.
WASHINGTON (Reuters) -The $350 billion in coronavirus relief aid for state and local governments has allowed U.S. cities to respond faster and stronger to an ever changing COVID-19 pandemic, U.S. Treasury Secretary Janet Yellen said on Wednesday. Yellen told a meeting of the U.S. Conference of Mayors that the response by state and local governments is helping to blunt the impact of the highly-contagious Omicron coronavirus variant. "Omicron has presented a challenge and will likely impact some of the data in the coming months, but I am confident it will not derail what has been one of the strongest periods of economic growth in a century," Yellen said.
Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels. The full balance sheet will be published on March 10.
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge on Tuesday signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and allows the government to start repaying creditors. The plan marks the largest municipal debt restructuring in U.S. history and was approved following grueling bargaining efforts, heated hearings and multiple delays as the island struggles to recover from deadly hurricanes, earthquak
(TSX:CWEB) (OTCQX:CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web," or the "Company"), the market leader in full spectrum hemp extract products, today announced a national distribution agreement with GNC, a leading specialty retailer of nutritional products with more than 2,000 locations in the United States. Initial shipments of six varieties of Charlotte's Web Gummies will be available for purchase at GNC retail locations across 24 states, with the intent to expand into additional stat
The U.S. Securities and Exchange Commission (SEC) will vote next week to propose boosting hedge fund disclosures in a bid to enhance industry oversight and investor protections, the agency's chair said on Wednesday. Gary Gensler told reporters that the SEC will vote to propose rule changes to the Form Private Fund (PF) which many hedge funds and other private funds file quarterly detailing their purchases and sales of securities.
FLAGSTAFF, Ariz. (AP) — Emergency management officials on the Pine Ridge reservation in South Dakota have a new building, but they have been operating out of an old jail that's set to be torn down. That's because the new building near a small airport doesn't have water and sewer connected, said Lislie Mesteth, who runs the Oglala Sioux Tribe's solid waste program. A new round of grant funding that the U.S. Department of Housing and Urban Development announced Tuesday will make those connections
The head of Japan's main steel industry lobby said on Tuesday the European Union's decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action. On Monday, the EU extended setting minimum prices for electrical steel from Japan, China, Russia, South Korea and the United States for five years on the basis that producers would otherwise dump it on the EU market.
Prairies Economic Development Canada
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NEW YORK (Reuters) -Oil prices on Tuesday climbed to their highest since 2014 as investors worried about global political tensions involving major producers such as the United Arab Emirates and Russia that could exacerbate the already tight supply outlook. Brent crude futures rose $1.03, or 1.2%, to settle at $87.51 a barrel. Supply concerns mounted this week after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.
U.S.-listed shares of Unilever rose 10.1% on the news, while GSK's fell 2.8% . GSK has rejected three bids from Unilever for its consumer arm, which is home to brands such as Sensodyne toothpaste, Emergen-C vitamin supplement and Panadol painkiller, saying the bids "fundamentally undervalued" the business and its prospects. A spokesperson for GSK responded that the firm, in which U.S. drugs company Pfizer owns a 32% stake, was strongly focused on maximising shareholder value and very confident in the future of the business and its potential.
Canada's food manufacturers are starting to cut capacity and focus on key products as they confront labour shortages and supply chain problems that show no signs of easing. Experts say food manufacturers are facing inflation, shipping backlogs and delays in obtaining things like ingredients and packaging. Michael Graydon, CEO of Food, Health & Consumer Products of Canada, says shoppers should expect issues with product availability and fewer promotions in stores. He says many food manufacturers
LONDON (AP) — British Prime Minister Boris Johnson on Tuesday denied misleading Parliament about lockdown-breaching parties, and confirmed he has given an account of events to an inquiry probing alleged violations of coronavirus rules by the government. Senior ministers in Johnson's Conservative government said they believed him — but added the prime minister would have to resign if he is proven to have lied. Senior civil servant Sue Gray is investigating a string of alleged rule-flouting govern
(Reuters) -UnitedHealth Group Inc on Wednesday said added costs of testing and treatment related to the recent surge in COVID-19 cases are being offset by postponements of non-urgent healthcare procedures, and the health insurer maintained its 2022 profit forecast. The comments should help allay investor concerns that the steep rise in COVID infections and hospitalizations driven by the Omicron variant of the virus in recent weeks would significantly drive up medical costs for health insurers. Adding to those concerns was a Biden administration initiative requiring insurers to reimburse Americans for up to eight at-home rapid COVID-19 tests per month, while setting no limit for tests, including at-home tests, that insurers must cover if they are ordered or administered by a healthcare provider.
Toronto-listed shares of Barrick rose 3% to C$23.90. The Carlin and Cortez mines are part of Nevada Gold Mines, a joint venture between Barrick and Newmont Corp. Barrick, which has a 61.5% stake in the joint venture, operates the Nevada mines. Barrick said the average market price for gold in the quarter was $1,795 per ounce, up from $1,790 per ounce in the prior quarter.