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.
Ukraine has agreed with Western partners on a plan under which repeated Russian violations of any future ceasefire would trigger swift, co-ordinated m...
French prosecutors say a search is under way at the Paris offices of X as part of an investigation opened in January 2025....
Air China has announced that it will operate around 70,000 flights during the 2026 Spring Festival travel rush, as China prepares for another surge of...
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pe...
Emergency teams in eastern China are racing to locate survivors after a bridge under construction collapsed in Jiangsu province, leaving two people de...
Ukraine has agreed with Western partners on a plan under which repeated Russian violations of any future ceasefire would trigger swift, co-ordinated military responses by Europe and the United States, the Financial Times reported on Tuesday.
French prosecutors say a search is under way at the Paris offices of X as part of an investigation opened in January 2025.
Air China has announced that it will operate around 70,000 flights during the 2026 Spring Festival travel rush, as China prepares for another surge of holiday travel during its most important annual celebration.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
U.S. President Donald Trump said on Saturday that the United States has begun negotiations with European leaders over Greenland and that an agreement is already taking shape.
Dmitry Medvedev, said European countries have failed to defeat Russia in Ukraine and have instead inflicted serious economic damage on themselves, as he criticised EU policy, praised Donald Trump as a leader who seeks peace, and said Russia would “soon” achieve military victory in the war.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Heavy snow continued to batter northern and western Japan on Saturday (31 January) leaving cities buried under record levels of snowfall and prompting warnings from authorities. Aomori city in northern Japan recorded 167 centimetres of snow by Friday - the highest January total since 1945.
A daylight robbery at a jewellery shop in Richmond, one of London’s most affluent and traditionally quiet districts, has heightened security concerns among residents and local businesses.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
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