largest market fell 5%. in china, and other key market which is slowly recovering from a footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike set sales of footwear in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering, footwear sales were down i%. now, on the bright side, if you take footwear sales together with like equipment and apparel, overall, that generated a total revenue of $13.39 billion. that s up i% from a year ago. nike executives said they are working to improve things announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. it wants to increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million to $450 million. the boss said we are embracing a company widejourney to invest in our areas of greatest potential, adding that the company s
in comparison, paramount plus total subscribers stand at 63 million and warner bros discovery at 95 million. could it take on those giants? joining me now is alice enders, head of research at enders analysis. good to have you with us. talk to me about what you make a first of all about what you make a first of all about these early stage talks. we always talk and expected it would be consolidation, is that what this looks like? it consolidation, is that what this looks like? looks like? it is what it looks like. on the looks like? it is what it looks like. on the other looks like? it is what it looks like. on the other hand, - looks like? it is what it looks like. on the other hand, at l looks like? it is what it looks i like. on the other hand, at this time, we don t know whether this is going to be a merger of two companies or whether it is going to be paramount taking over warner. and in either case, i think there would most likely be a regulatory dimension. you know,
we ask the experts. good morning. one of the most famous victories in scotland s history as they maintained their perfect start to euros qualifying with victory over spain at hampden park. and after sleeping outdoors for three years, the boy in the tent is coming back inside having raised hundreds of thousands of pounds for charity. good morning. it is a mild and murky start to the day today, many of us will have cloud with some rain in the forecast, windy and temperatures higher than yesterday. tv presenter and comedian paul o grady has died at the age of 67. in a statement, his partner andre portasio said he passed away unexpectedly but peacefully yesterday evening and thanked fans for all the love they have shown him over the years . our entertainment correspondent lizo mzimba looks back at his life and career. he said came to fame as the charismatic drag queen lily savage. the act had to be turned down the tv but it was as acerbic and acid tongue as ever. i walked in a
and japan meet for the first time in 12 years, seeking to set aside historic differences. the european central bank has hiked interest rates by half of 1%, despite the impact of rising rates on the banking sector. it comes as central banks and governments around the world are nervously watching whether the crisis surrounding credit suisse will develop into a global banking crisis. shares in credit suisse have stabilised after the swiss national bank offered it a funding lifeline. so how did we get here? credit suisse was already in trouble before its biggest investor saudi national bank announced on wednesday that it could offer no more financial support. that lead to its share price plummetting by 30%. late wednesday the swiss central bank said it would provide financial support to the tune of $54 billion us dollars. that has reassured the markets for now but concerns remain about contagion from the collapse of the two us banks last week. it is all quite complex, it is all q