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Lululemon surges over optimistic outlook

  Bloomberg Lululemon Athletica Inc delivered a sales forecast for this year that exceeded analyst estimates, suggesting that the company is overcoming supply-chain snags that disrupted operations earlier this year. The athletic-wear retailer expects sales to reach as much as $7.62 billion in the current fiscal year that ends next January. The average analyst estimate was $7.2 billion. The company’s ...

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Ukraine crisis: Russia says no breakthrough in talks

Bloomberg The Kremlin said there are no breakthroughs in talks with Ukraine as skeptical Nato allies evaluate whether Russia’s promise to scale back military operations in Ukraine marks a turning point in the conflict or simply a tactical shift. Attacks continued to be reported near Kyiv. President Joe Biden said he’ll wait and see whether Russia delivers on a pledge ...

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Lavrov on first China visit since Russian invasion of Ukraine

Bloomberg Russian Foreign Minister Sergei Lavrov arrived in China for talks on Afghanistan, his first visit to the world’s second-biggest economy since the war in Ukraine started. Lavrov’s plane landed on Wednesday in the eastern province of Anhui, Russia’s Foreign Ministry said on Twitter. He’s set to participate in a meeting of foreign ministers of countries bordering Afghanistan, Interfax reported ...

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