British police have arrested five people, including at least three Bulgarian nationals, believed to have been living undercover in the U.K. while working for Russian intelligence.
An overreliance on foreign markets puts the German economy in a difficult place, but its well-preserved industrial base is an advantage at a time when other countries are trying to reshore manufacturing.
Tapestry’s $8.5 billion acquisition of Capri would create a conglomerate with more than $12 billion in annual sales, but it would still lack the high-wattage labels and diversity that have fueled LVMH’s success.
Novo Nordisk now expects 2023 sales growth of 27%-33% and operating profit growth of 31%-37%, as demand for its Ozempic diabetes drug and Wegovy obesity treatment continued to rise.