The Cuban government said the pardons were a "humanitarian gesture" in connection with Holy Week and didn't mention mounting pressures with the U.S. (Image credit: Ramon Espinosa)
The Cuban government said the pardons were a "humanitarian gesture" in connection with Holy Week and didn't mention mounting pressures with the U.S. (Image credit: Ramon Espinosa)
Nike (NYSE: NKE) published results for its fiscal third quarter, which ended Feb. 28, after the market closed on March 31. For its Q3, the company posted earnings that were significantly better than the average Wall Street analyst estimate, on currency-adjusted sales that were roughly in line with the forecast. The footwear-and-apparel giant posted earnings per share of $0.35 on approximately $11....
Nike (NYSE: NKE) published results for its fiscal third quarter, which ended Feb. 28, after the market closed on March 31. For its Q3, the company posted earnings that were significantly better than the average Wall Street analyst estimate, on currency-adjusted sales that were roughly in line with the forecast. The footwear-and-apparel giant posted earnings per share of $0.35 on approximately $11.3 billion in sales, beating Wall Street's forecast for per-share earnings of $0.28 on roughly the same amount of revenue. While Nike's overall revenue was down approximately 3% on a currency-adjusted basis in fiscal Q3, it's the performance of and forward guidance for the company's Greater China segment that really stood out. Segment revenue was down 10% year over year on a currency-adjusted basis in fiscal Q3, but management actually guided for sales to fall roughly 20% on an annual basis in the current quarter. Image source: Getty Images. Continue reading
Hi, this is Allen Wan in Shanghai. China has so far proved surprisingly resilient throughout the Middle East crisis. Its export-oriented economy expanded in March for the first time this year, and Chinese stocks have outperformed their global peers since the US and Israel launched their assault on Iran in late February. Some Chinese companies are boosting prices, while others are turning profitabl...
Hi, this is Allen Wan in Shanghai. China has so far proved surprisingly resilient throughout the Middle East crisis. Its export-oriented economy expanded in March for the first time this year, and Chinese stocks have outperformed their global peers since the US and Israel launched their assault on Iran in late February. Some Chinese companies are boosting prices, while others are turning profitable for the first time. Even the country’s record-long streak of deflation is on the verge of ending , helped by surging energy costs. The Iran war has highlighted China’s efforts to bulletproof its economy by building up its oil reserves, rapidly adopting renewable energy and diversifying its export economy. Besides exporting more AI, the nation has been selling more goods to places like India, Southeast Asia and the European Union to achieve a record trade surplus last year. In the UK, sales of cheaper China-made goods grew more than three times as fast as in 2025 during the first two months of this year, helping to keep that country’s inflation in check. In the world of stocks, equity benchmarks in South Korea, Japan and India are down about 10% since the advent of the conflict, while China’s gauge has fallen around 5.5% over the same period. That suggests equities may be becoming a safe haven. A growing number of global banks have turned more upbeat, with Goldman Sachs saying the market is better placed than most to withstand oil shocks. “The Chinese market has been weathering the war better than its neighbors, and the economic performance has been better than expected,” said Hao Hong, chief investment officer of Lotus Asset Management in Hong Kong. “That said, war is weighing down the world and there would be no escape for China if the conflict drags on. ” It’s the country’s investment in clean energy such as batteries, solar panels and electric vehicles that is paying dividends during the oil crisis. In Europe, Chinese automakers are regaining their mojo, with their sha...
Gently scented with orange and vanilla, lightened by ricotta, and studded with rum-soaked raisins This is a cake for the long, ambling tail-end of an Easter lunch. It’s gently scented with orange and vanilla, lightened by ricotta, and studded with rum-soaked raisins that bring bursts of sweetness to each slice. Ideally, they’d be soaked overnight to plump them into something luscious, but if time ...
Gently scented with orange and vanilla, lightened by ricotta, and studded with rum-soaked raisins This is a cake for the long, ambling tail-end of an Easter lunch. It’s gently scented with orange and vanilla, lightened by ricotta, and studded with rum-soaked raisins that bring bursts of sweetness to each slice. Ideally, they’d be soaked overnight to plump them into something luscious, but if time gets away from you, take a shortcut: put the raisins and rum in a microwave-safe bowl, zap for 20–30 seconds, then leave to cool and absorb. The chocolate glaze is optional; on days when you want something simpler (or lighter), a generous sifting of icing sugar is all this cake needs. Serve with a small glass of grappa or something similarly warming for a quietly perfect way to bring a feast to a close. Continue reading...
The key to stopping pale colours feeling saccharine? Breaking them up with tougher textures – here are three ideas to whip up this weekend from our styling editor Continue reading...
The key to stopping pale colours feeling saccharine? Breaking them up with tougher textures – here are three ideas to whip up this weekend from our styling editor Continue reading...
Artemis II’s astronauts packed their wedding rings, notebooks and a supply of maple syrup. Here’s what our writers would fly to the moon Continue reading...
Artemis II’s astronauts packed their wedding rings, notebooks and a supply of maple syrup. Here’s what our writers would fly to the moon Continue reading...
Unite accuses authority of trying to ‘break’ industrial action as waste dispute enters second year Unite has accused Birmingham city council of trying to “break” the bin strikes after analysis showed the council had doubled spending on agency staff since the start of the year-long industrial action. Birmingham’s bin workers have taken part in an all-out strike since March last year over proposed p...
Unite accuses authority of trying to ‘break’ industrial action as waste dispute enters second year Unite has accused Birmingham city council of trying to “break” the bin strikes after analysis showed the council had doubled spending on agency staff since the start of the year-long industrial action. Birmingham’s bin workers have taken part in an all-out strike since March last year over proposed pay cuts and role changes. The dispute has left residents without a fully functioning waste collection service and has led to towering waste and overflowing bins on the streets. Continue reading...
Some would like Leo to be more vocal on world conflict, but others say he uses his influence discreetly As Leo marks his inaugural Easter as pontiff, almost a year after his predecessor’s death, some Catholics are still trying to work out what kind of pontiff he is. The feast – the most important in the church’s calendar – comes against the backdrop of war in the Middle East, sparked by the US-Isr...
Some would like Leo to be more vocal on world conflict, but others say he uses his influence discreetly As Leo marks his inaugural Easter as pontiff, almost a year after his predecessor’s death, some Catholics are still trying to work out what kind of pontiff he is. The feast – the most important in the church’s calendar – comes against the backdrop of war in the Middle East, sparked by the US-Israeli strikes in Iran. Continue reading...