May 16 (Reuters) - Swiss duty-free retailer Avolta posted first-quarter turnover of 2.83 billion Swiss francs ($3.14 billion) on Thursday, marking a year-on-year rise as global travel recovered. Avolta, which says it operates in more than 1,000 locations across 73 countries and offers brands including Nestle, Starbucks ( SBUX ) and Burger King, had posted a turnover of 2.36 billion...

SEOUL (Reuters) - Air travel demand from China is not back to pre-pandemic levels for Singapore Airlines, but a visa-free scheme for Chinese citizens to the Asian hub has helped fill seats and the airline will add more China capacity this year, its CEO said on Thursday. Global aviation capacity returned to pre-pandemic levels this year, but recovery has been...

ZURICH (Reuters) - Siemens reported a drop in second quarter earnings at its industrial business, the German engineering group said on Thursday, after suffering a slowdown at its flagship factory automation division. The trains to industrial software maker said industrial profit fell 2% to 2.51 billion euros ($2.73 billion) during the three months to the end of March. The figure...

HANOI (Reuters) - As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show. The surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with the Southeast Asian country last year posting a surplus with Washington close...