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.
A U.S.-sponsored ceasefire proposal for Gaza on Tuesday was hinging on Hamas's response to the 20-point plan which U.S. President Donald Trump has sai...
Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, his lawyer ...
President Sergio Mattarella has arrived in Baku, Azerbaijan for an official visit. He was welcomed by Azerbaijan’s First Deputy Prime Minister Yagub...
Vietnam's most devastating storm this year brought heavy rains that triggered floods across its north, disrupting flights and train services with the ...
Türkiye has joined Spain, Italy and Greece in monitoring an international flotilla carrying aid for Gaza that was sailing east across the Mediterrane...
A U.S.-sponsored ceasefire proposal for Gaza on Tuesday was hinging on Hamas's response to the 20-point plan which U.S. President Donald Trump has said was "beyond very close" to ending the two-year-old conflict in the region.
Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, his lawyer said on Tuesday.
President Sergio Mattarella has arrived in Baku, Azerbaijan for an official visit. He was welcomed by Azerbaijan’s First Deputy Prime Minister Yagub Eyyubov, Deputy Foreign Minister Fariz Rzayev, and other senior officials.
Vietnam's most devastating storm this year brought heavy rains that triggered floods across its north, disrupting flights and train services with the capital, Hanoi, where schools were closed and many homes inundated, authorities said on Tuesday.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
Inflation expectations for the next 12 months in the eurozone rose to 2.8% in August, up from 2.6% in July, according to the results of a consumer survey published by the European Central Bank (ECB) on Friday.
Miniso announced on Friday that it will spin off its brand Top Toy and list it in Hong Kong, capitalising on the growing investor interest in Chinese toymakers and highlighting the city’s renewed position as a global fundraising hub.
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