Economy

Australian airline Qantas says hit by ‘significant’ cyberattack

Australian airline Qantas said Wednesday it was investigating a “significant” cyberattack, after hackers infiltrated a system containing sensitive data on…

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Lululemon’s Lawsuit Against Costco Highlights the Rise of Fashion ‘Dupes’

Fashion dupes, or less expensive versions of high-end clothing and other accessories, are just about everywhere these days. They’re also…

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Powell Stands By ‘Wait and See’ Stance With Trump Ramping Up Attacks on the Federal Reserve

Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate…

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Lululemon Files Lawsuit Against Costco, Claims Company Is Selling ‘Dupes’ of Some of Its Products

Lululemon has filed a lawsuit against Costco that accuses the wholesale club operator of selling lower-priced duplicates of some of…

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Japanese Manufacturers Are Slightly More Optimistic Despite Trump Tariff Worries

Business sentiment among large Japanese manufacturers has improved slightly according to a survey by Japan’s central bank released Tuesday, although…

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Radar glitch caused flight halt in northern Italy, air traffic controller says

Flights in northwestern Italy were suspended for two hours late on Saturday due to a malfunction in the radar transmission…

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Nike Shares Soar After a Production Shift Away From China, But Warns of a $1 Billion Tariff Hit

Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But…

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Key Inflation Gauge Rose Last Month While Americans Cut Back on Spending

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut…

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German Minimum Wage Set to Rise by About 14% Over the Next 18 Months

Germany’s minimum wage is set to rise by about 14 percent over the next 18 months under an agreement that…

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UAE fund buys $100 million of Trump’s World Liberty tokens

A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto…

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