Bloomberg EBay Inc reported second-quarter revenue that beat expectations and an upbeat profit outlook, evidence that a new focus on luxury items and collectibles is helping offset slowing sales and customer traffic. The shares rose about 5% in extended trading. Sales will be $2.29 billion to $2.37 billion in the period ending in September, the San Jose, California-based company said ...

  Bloomberg Next Plc raised its profit forecast as the hotter weather and return to formal events encouraged more Brits to buy summer clothing but warned that worsening inflation could hit consumer sentiment. The British clothing and housewares chain said profit will be £860 million ($1.04 billion) this year through January, up from previous guidance of £850 million, according to ...

  Bloomberg Fast Retailing Co will open its first GU store in the US, adding to its Uniqlo shops in the country as the apparel maker seeks a greater presence in the North American market. Opening this fall in Soho, New York, the pop-up store will be GU’s first outside Asia, where there are already 450 outlets selling more stylish ...

  Bloomberg SAS AB reported a 32% plunge in passenger traffic last month, revealing the impact a strike had on troubled Scandinavian airline and its customers. The total number of passengers fell to 1.3 million in July from 1.9 million a month earlier, the Stockholm-based carrier said in a statement. Capacity falls 23% in July as the 15-day strike among ...

Bloomberg Taiwan reiterated it won’t succumb to pressure from China after days of military drills in the air and seas surrounding the island, with hostilities set to continue even as world leaders urge an end to the strife. The People’s Liberation Army said it conducted exercises around Taiwan on Sunday, with drills focused on testing the capabilities of joint firepower ...

Bloomberg Ukrainian officials said Russian forces shelled the area around Europe’s largest nuclear plant for a second day, hours after the head of the UN’s atomic safety agency warned of “potentially catastrophic consequences.” Russian shells landed near spent nuclear fuel stored at the Zaporizhzhia atomic power plant on Saturday evening, wounding one worker, according to Energoatom, the facility’s operator. “This ...

  Bloomberg Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food stuck in the country can be released. Perhaps the biggest is the willingness of shipowners to send their vessels into harm’s way, as the waters are littered with ...

  Bloomberg The rivals to replace Prime Minister Boris Johnson are locked in a battle to take the toughest line on China, firmly drawing a line under the vaunted golden era for Sino-British ties. Liz Truss, the front-runner in the Conservative leadership race, has branded Chinese tech giants a security risk, called to arm Taiwan and, in private, labeled China’s ...

Bloomberg Almost 2,000 dock workers at Britain’s biggest container ship port plan to strike for eight days this month after failing to reach a pay deal, threatening to sever one of the UK’s most important trade routes. Workers at Felixstowe will strike from August 21 to August 29, the Unite union said in a statement. Talks failed after the port, ...

  Bloomberg US consumer borrowing surged in June, reflecting a jump in credit-card balances and a record increase in non-revolving lending that includes auto and school loans. Total credit increased $40.2 billion from the prior month, second only to March’s $47.1 billion spike, Federal Reserve figures showed. The median forecast in a Bloomberg survey of economists called for a $27 ...