Representative image German sportswear maker Puma on Wednesday narrowed its outlook for full-year core profit as it reported its second-quarter results, citing expected currency headwinds, higher freight costs and continued muted consumer sentiment. Puma, which has recently launched new marketing initiatives in an effort to compete better with bigger rivals like Adidas and Nike, has…
Microsoft Corp said that it’s investigating outages of some Office applications and services. The issue is impacting “multiple Microsoft 365 services and features,” the company said in a post on social network X, formerly Twitter. Microsoft 365 includes company’s productivity applications like Outlook, Word and Excel.“We’re currently investigating access issues and degraded performance with multiple…
Fitch Ratings Agency on Wednesday cut China’s sovereign credit outlook to negative, pointing to escalating risks surrounding the country’s public finances. This decision, which Beijing quickly labeled as “regrettable,” underscores the mounting concerns over China’s economic stability, especially amid a persistent property sector crisis threatening broader financial repercussions.Economic headwinds and policy responsesChinese authorities have been…
