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Burberry launches search for Chairman Gerry Murphy’s successor, Sky News reports

(Reuters) -British luxury brand Burberry is evaluating potential candidates to succeed Gerry Murphy as chairman, Sky News reported on Tuesday. While Murphy is not expected to step down this year, the exact timing of his departure has not been formally determined, the report said, citing ...
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Canadian lender RBC abandons sustainable finance goals

TORONTO (Reuters) -Canada’s Royal Bank of Canada will abandon its sustainable finance goals as industry practices for measuring and reporting sustainable finance have evolved, it said on Tuesday. “We have reviewed our methodology and have concluded that it may not have appropriately measured certain ...
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Senate confirms former Sen. David Perdue as Trump’s US ambassador to China amid tariff showdown

WASHINGTON (AP) — The Senate on Tuesday confirmed former Sen. David Perdue as ambassador to China, just as the U.S. and China are locked in a tariff showdown that threatens to redefine diplomatic relations between the world’s two largest economies. Perdue, a Republican who served ...
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Amazon is not planning to show added tariff costs next to its online product listings

NEW YORK (AP) — Amazon is not planning to list added tariff costs next to product prices on its site — despite speculation spanning from a report that claimed the e-commerce giant would soon show new import charges, as well as fiery comments from ...
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Valeo says 90% of its Mexican products shipped to U.S. now USMCA compliant

By Mathias de Rozario (Reuters) -French car parts supplier Valeo said 90% of the products produced by the group in Mexico and imported into the U.S. are now compliant with the United States-Mexico-Canada-Agreement (USMCA). “Valeo has implemented measures to mitigate the direct impact of tariffs, conducting ...
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Universal Music first-quarter revenue grows with concerts, vinyl sales

(Reuters) -Universal Music Group beat first-quarter sales expectations on Tuesday, saying more people went to concerts, bought vinyl records and subscribed to its digital services. The world’s biggest music label, whose artists include Taylor Swift, BTS and Drake, said revenues grew 11.8% from the year-ago ...
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UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said Tuesday that it anticipates making the job cuts this year. It anticipates closing 73 leased ...
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This summer at the movies, superheroes, from ‘Superman’ to ‘Fantastic Four,’ return

Superman already has a lot on his broad shoulders. It seems unfair to add the fate of Hollywood to his worries. But that’s the kind of pressure that comes with being one of the biggest stars in the comic book universe, who is getting a ...
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Honeywell lifts 2025 profit forecast despite $500 million tariff hit

By Utkarsh Shetti (Reuters) -Honeywell on Tuesday raised its 2025 profit forecast despite flagging a $500 million exposure to tariffs, saying it aims to cushion the impact through a mix of higher pricing and local sourcing. Shares rose 6% as the industrial and aerospace giant surpassed ...
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Universal Music Group first-quarter sales beat forecast

(Reuters) -Universal Music Group reported first-quarter sales above market expectations on Tuesday, helped by growth in recorded music and music publishing. The music label of Taylor Swift, BTS and Drake said its revenues grew by a yearly 11.8% in the quarter ended March to 2.90 ...
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US consumer confidence plummets to Covid-era low as trade war stokes anxiety

WASHINGTON (AP) — Americans’ confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll. The Conference Board said Tuesday that its consumer ...
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Elliott to celebrate NAPA’s 100th anniversary with gold car. Credits company for his NASCAR career

CHARLOTTE, N.C. (AP) — Chase Elliott, son of a NASCAR Hall of Famer and the sport’s most popular driver, has 19 career Cup Series wins and championship titles in both the Cup and Xfinity Series. But if not for one critical partnership, Elliott is convinced ...
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