A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store.Cheng Xin | Getty Images News | Getty ImagesSwedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to kick-start the summer season.Revenues at the world’s second-largest clothing retailer dipped year-on-year to 56.71 billion Swedish krona ($5.99 billion) in the three-month period to May. 31, slightly below the 57.01 billion Swedish krona forecast by LSEG analysts.Operating profit totaled 5.9 billion Swedish krona over the quarter, in…
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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2025. Jeenah Moon | ReutersStock futures ticked higher early Thursday as the S&P 500 remains within striking distance of its all-time high.S&P 500 futures rose 0.12%, and the Nasdaq 100 futures climbed 0.17%. Futures tied to the Dow Jones Industrial Average ticked up 38 points, or 0.09%.The moves come after the S&P 500 finished Wednesday’s session flat, while the Nasdaq Composite rose 0.3% and the Dow Jones Industrial Average dropped 106.59 points, or about 0.3%. The three indexes are still on…
CHICAGO — BlackRock’s Rick Rieder is confident a stock market nearing all-time highs can go even higher in the second half of 2025, as inflation comes down because of artificial intelligence. “I think it’s the greatest technology revolution ever. So, what does it mean? My personal view, inflation is coming way down,” Rieder said Wednesday during a keynote speech at the Morningstar Investment Conference. The investment chief of global fixed income said he expects the productivity gains to be made from artificial intelligence will offset any hit to inflation from tariffs, which he said will be a one-time adjustment for…
A worker puts konbu sea weed on rice on the riceball production line at the processing factory of Fuji Foods Co., in Funabashi, Chiba, Japan, on Friday, Jan. 26, 2024. Riceballs are one of the 7-Eleven Japan’s most important products, with more than 2 billion sold each year. Photographer: Noriko Hayashi/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAfter months of increasing rice prices, Japanese consumers may be finally getting some relief.Data from Japan’s agriculture ministry revealed that the average price of a five-kg bag of rice had fallen to 3,920 yen ($27.03) for the week ending June 15, which…
A semiconductor wafer is on display at Touch Taiwan, an annual display exhibition in Taipei, Taiwan, on April 16, 2025.Ann Wang | ReutersChip stocks in Asia rose Thursday, after artificial intelligence darling Nvidia’s shares hit a record close to reclaim the title of the world’s most valuable company.Shares of South Korea’s SK Hynix, which supplies memory chips to Nvidia, gained 3.53%. TSMC, which manufactures Nvidia’s high-performance graphics processing units that help power large language models, saw a smaller rise of 0.47%.Taiwan’s Hon Hai Precision Industry — also known as Foxconn — was 0.77% higher. It has a strategic partnership with Nvidia to build “AI…
ASEAN member nations’ flags outside the Pullman Hotel, the venue for the ASEAN Foreign Ministers’ retreat meeting in Luang Prabang, Laos, in January 2024.Tang Chhin Sothytang Chhin Sothy | Afp | Getty ImagesThe U.S. and China are usually top of mind when it comes to artificial intelligence and generative AI. But Southeast Asia’s small businesses have huge potential that shouldn’t be ignored, experts say.In fact, it’s a matter of survival, according to Jochen Wirtz, a professor of marketing at the National University of Singapore Business School, who said those that fall behind will be “moved into a franchise business or…
Swedish meatballs at an IKEA in Causeway Bay is listed as out of stock after after Czech authorities detected horse meat in the company’s meatballs which are supposed to make up of pork and beef only. South China Morning Post | Getty ImagesIkea shoppers will see price cuts of up to 50% at many of the company’s restaurants globally, as the Swedish retail giant aims to attract cost-conscious consumers.The steep price cuts will be a temporary measure to help consumers “stretch their budgets” at a time of heightened economic uncertainty and high cost-of-living pressure, the company said, without specifying when…
Chinese Premier Li Qiang spoke at the opening ceremony of the ASEAN-China-GCC Economic Forum in Kuala Lumpur, Malaysia, on May 27, 2025.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese Premier Li Qiang on Thursday urged the Asian Infrastructure Investment Bank to increase its support for Beijing’s Belt and Road Initiative.”I hope that the AIIB will stay committed to open regionalism and persevere in promoting connection and communication among Asian countries and countries across the world,” Li said in Mandarin through an official English translation.”It is important to strengthen the synergy between the bank and the Belt and Road Initiative…
“Someone, somewhere is having data exfiltrated from their machines as we speak,” says Volodymyr Diachenko, co-founder of the cybersecurity consultancy SecurityDiscovery.Sarayut Thaneerat | Moment | Getty ImagesCybercriminals have intensified their efforts to steal and sell online passwords, experts warn. The alarm comes after the discovery of online datasets containing billions of exposed account credentials. The 30 datasets comprised a whopping 16 billion login credentials across multiple platforms, including Apple, Google and Facebook, and were first reported by Cybernews researchers last week. The exposures were identified over the course of this year by Volodymyr Diachenko, co-founder of the cybersecurity consultancy Security Discovery, and…
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