Consumer prices in the eurozone fell 0.1% in March, easing up from February’s 0.3% drop. Fresh numbers on jobs showed that the unemployment rate ticked downward in February to 11.3% from 11.4%, but the data continue to be heavily polarized. Germany has 4.8% unemployment, while Greece is at 26% and Spain at 23.2% (pdf).
3 hours ago
Decades of fighting in Myanmar may be about to end.
Italy’s Yoox, an online clothing retailer, agreed to buy the luxury online apparel store for €719 million in stock, to create the world’s largest online luxury goods retailer. Yoox Net-a-Porter Group will have a net revenue of around $1.3 billion, and plans to sell more stock to fund expansion.
5 hours ago
Huawei reports a massive profit.
The Chinese telecom equipment maker’s net profit rose 33% in 2014 to 27.9 billion yuan ($4.5 billion), meeting analyst expectations. The company’s consumer business, mostly handsets, is growing fast as Huawei becomes a household name in emerging markets.
5 hours ago
Chart of the Moment
Chinese and Hong Kong companies’ European investments are on a clear path.
The Dutch brewery announced it would streamline its head office (paywall) after reporting its worst revenue growth in seven years. Heineken’s head of strategy and two regional chiefs will leave, while other jobs will be consolidated; the company will also reorganize its operations into just four global regions.
March 31, 2015
Volvo created a spray to make cyclists more visible.