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.
Russia has violated an energy ceasefire announced by U.S. President Donald Trump, Ukrainian leader Volodymyr Zelen...
Here's your AnewZ Daily Brief for 12 October 2026 with the top five natural disasters happening around the world. ...
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi ...
The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
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