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Finance News
Lockdowns In China Limit Burberry’s Sales Growth To 1% in Q1
According to Burberry’s most recent figures, ongoing coronavirus restrictions in China have limited the luxury brand’s sales growth considerably in the first quarter of the year.
US Inflation Is Rising Quicker Than Expected
In June, the Consumer Price Index (CPI) jumped 1.3% compared to the 1% increase seen in May, serving as a clear sign that inflation is still running rampant.
Sanctions Against Russia Saw Imports Sink To 21-Year Low In May
In May, imports from Russia sunk to their lowest point in over two decades as sanctions continued to impact the country’s trading relations.
Goldman Sachs Hires Google Exec For New Innovation Group
US investment bank Goldman Sachs has hired Alphabet’s Jared Cohen to help launch a new innovation group. This is according to a memo obtained by CNBC.
Fintech Klarna Sees Its Value Plunge 85%
Swedish fintech firm Klarna has seen its valuation drop by 85% in a new financing round announced on Monday.
