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By Helen Reid LONDON, Aug 25 (Reuters) – Lego sales jumped 21% in the first half as soccer World Cup and Formula 1 sets attracted new customers, the Danish toy brand said on Tuesday. Lego has won market share as its growth outpaces rival toymakers like Mattel and Hasbro , helped by a strategy of tie-ups with film and entertainment franchises, and producing more sets for adults as well as […]

SINGAPORE, Aug 25 (Reuters) – Billionaire investor Stanley Druckenmiller said the U.S. is eroding the Treasury market’s credibility and missing a debt reform window with buybacks that have caught bonds by surprise. The former Soros Fund Management colleague of Treasury Secretary Scott Bessent said markets were “correct” to view last week’s announcement of a doubling in long-end buyback lots to $4 billion as “price management” and “a mistake”, in an […]

By Nestor Corrales MANILA, Aug 25 (Reuters) – The Philippines plans to expand its unmanned capabilities, including through development and acquisition of drones as part of efforts to modernise its military, its defence chief said on Tuesday. U.S. defence ally the Philippines also plans to acquire additional guided-missile corvettes and other major defence assets to beef up its external defence capabilities, Defence Secretary Gilberto Teodoro told a budget hearing in […]

ROME, Aug 25 (Reuters) – Leonardo Maria Del Vecchio, scion of the Italian eyewear family, has decided to step down from management roles in EssilorLuxottica the Franco-Italian group said on Tuesday, confirming press reports. Italian daily MF-Milano Finanza first reported that the son of the late founder of Italian glasses maker Luxottica, Leonardo Del Vecchio, would quit as chairman of the Ray-Ban brand and as chief strategy officer, effective August […]

(Corrects dateline to Aug 25) By Chen Aizhu SINGAPORE, Aug 25 (Reuters) – Hou Qijun has set out to transform Sinopec, the world’s largest refiner, as it faces dwindling fuel demand, overcapacity in petrochemicals and the world’s worst oil crisis, when he could be coasting into retirement like other Chinese state executives. Appointed as Sinopec chairman a year ago, Hou launched an overhaul to give greater authority to business units […]

After a stop in the NFL, Dae’Quan Wright could be heading back to LSU thanks to court order BATON ROUGE, La. (AP) — Former Mississippi tight end Dae’Quan Wright is heading to LSU if he clears waivers after being released by the Cleveland Browns, according to agent Drew Rosenhaus. Wright signed with the Philadelphia Eagles following the NFL draft and joined the Browns after he was released on Aug. 11. […]

SEATTLE (AP) — Cal Raleigh busted out of a season-long slump with the first three-homer game of his career Monday night. The switch-hitting catcher capped a five-run first inning with a two-run shot off struggling Philadelphia Phillies ace Zack Wheeler. Raleigh added a leadoff homer against Wheeler in the fifth and a solo drive off reliever Chase Shugart in the seventh to give him 17 home runs this season. It […]

KRAKOW, Poland (AP) — When Nastya Podorozhnya’s relatives fled the war in Ukraine for neighboring Poland, volunteers welcomed them with open arms. Podorozhnya, 29, was already living in Poland when the war began. But days before Russia’s full-scale invasion on Feb. 24, 2022, she rushed back to Ukraine to help her sister and nieces get out. As she returned to Poland alongside an influx of refugees in the war’s first […]

HONG KONG, Aug 25 (Reuters) – Online fast-fashion retailer Shein’s Hong Kong IPO book to raise up to $1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut amid growing business and regulatory challenges. Shein launched its new share sale on Monday, valuing the company at up to $27 billion. Investor orders for the offering have come from a number […]