Nike beats revenue estimates on China demand, online boost
(Reuters) - Nike Inc beat analysts' estimates for quarterly revenue on Tuesday, powered by a rebound in demand for its sneakers and apparel in China, as well as strong online sales. The world's largest sportswear maker said revenue fell 0.6% to $10.6 billion in the first quarter ended Aug.31, while analysts on average had expected $9.15 billion, according to IBES data from Refinitiv. (Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)
(Reuters) - Nike Inc
The world's largest sportswear maker said revenue fell 0.6% to $10.6 billion in the first quarter ended Aug.31, while analysts on average had expected $9.15 billion, according to IBES data from Refinitiv.
(Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
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