Estee Lauder (EL.N) said on Wednesday that its annual profit forecast has come in below Wall Street expectations, as the cosmetics giant continues to face weakness in the United States and China alongside uncertainty over tariffs.
Shares of the company fell by around 12% in pre-market trading. Management warned that tariff-related pressures could reduce fiscal 2026 earnings by about $100 million.
Luxury groups and retailers, including Estee Lauder, have been affected by consumers tightening their spending as prices rise under U.S. President Donald Trump’s sweeping import tariffs. The company now expects full-year adjusted earnings per share of between $1.90 and $2.10, compared with analysts’ estimates of $2.21, according to LSEG data.
U.S. President Donald Trump said Washington could destroy Iran’s infrastructure “in two days,” while Tehran warned the U.S. would...
At least eight people have died and 32 others were injured after a freight train collided with a public bus at a railway crossing in Bangkok on Sat...
President Donald Trump and Chinese President Xi Jinping sought to project stability and renewed dialogue during a closely watched summit in Beijing...
Ahead of next week’s World Urban Forum (WUF13), Baku State University and Azerbaijan’s State Committee fo...
French authorities have opened a new judicial inquiry into the killing of Saudi journalist Jamal Khashoggi, bringing renewed legal attention to a c...
At least eight people have died and 32 others were injured after a freight train collided with a public bus at a railway crossing in Bangkok on Saturday (16 May), triggering a fire that quickly spread through the vehicle.
Baku will host the 13th World Urban Forum (WUF13) from 17 to 22 May, bringing together around 25,000 participants from 176 countries to address the global housing crisis and sustainable urban development.
Ahead of next week’s World Urban Forum (WUF13), Baku State University and Azerbaijan’s State Committee for Urban Planning and Architecture have organised an international conference on sustainable cities and human capital in urban development.
French authorities have opened a new judicial inquiry into the killing of Saudi journalist Jamal Khashoggi, bringing renewed legal attention to a case that continues to draw international focus nearly eight years after his killing.
Iran’s Foreign Minister Abbas Araghchi said Tehran has “no trust” in the United States and will only consider negotiations if Washington shows seriousness. His remarks came as talks on Iran’s nuclear programme continued, with Trump and Xi also opposing Iran acquiring nuclear weapons.
U.S. President Donald Trump said Washington could destroy Iran’s infrastructure “in two days,” while Tehran warned the U.S. would face growing economic costs from the conflict. The remarks came as Hezbollah reported new attacks on Israeli forces despite an extended Lebanon ceasefire.
The second semi-final of the 70th Eurovision Song Contest 2026 takes place tonight in a rain-soaked Vienna, with the final 10 places in Saturday’s grand final still up for grabs.
Russia and Ukraine exchanged prisoners of war as well as the bodies of fallen soldiers, on Friday (15 May). The swap came as Ukranian officials said Moscow had carried out its largest aerial attack over 48 hours since the conflict started.
A high-powered lawyer representing Elon Musk attacked the personal and professional credibility of OpenAI CEO Sam Altman on Thursday, as a landmark federal trial in California nears its conclusion.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
By the time American shoppers began noticing higher prices on everything from trainers to televisions, the world's two largest economies were already deep in a trade war that left the world wondering how it would end.
The Strait of Hormuz remains a vital maritime chokepoint and serves as the primary artery linking the Persian Gulf to international energy markets. With approximately 20% of global oil and gas shipments transiting this waterway, it is the backbone of energy security for Asia, Europe, and beyond.
China’s exports grew faster than expected in April, as overseas buyers moved quickly to secure supplies amid fears that the conflict involving Iran could drive up global energy and transport costs.
Asian stocks surged to record highs on 7 May as investors priced in growing hopes of a potential Middle East peace deal, while oil prices eased and the U.S. dollar weakened amid shifting global risk sentiment.
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