Recent Posts

Gas heads for weekly loss in Europe as Russia supply fears wane

  Bloomberg European natural gas prices headed for a third straight weekly decline as fears over further disruptions to Russian supplies waned. Benchmark futures fell as much as 4.3%, hitting the lowest level since the start of the war in Ukraine. Russian shipments are expected to remain stable, even as flows through one cross-border point in Ukraine remain cut off ...

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Tourists and the Japanese art of pandemic envy

The first tourists have begun to trickle back into Japan, with a few guided tour groups arriving in a small experiment designed to get locals used to the idea of foreign visitors. Prime Minister Fumio Kishida is promising to let in more package tours starting next month as the country starts to reopen. Foreigners have actually been visible for several ...

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Nordstrom, Ralph Lauren are winners

High-end shoppers are still spending, for now at least. After Kohl’s Corp Chief Executive Officer Michelle Gass pointed to a “bifurcation” of consumers, as some Americans traded up to premium brands while others downshifted to cheaper private labels, upmarket department store Nordstrom Inc has continued the polarisation theme. The seller of $1,000 Mach & Mach shoes and $2,000 Burberry trench ...

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