Ancient Egyptian genome reveals Mesopotamian ancestry and hints of cross-cultural exchange
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Inditex, parent company of Zara, reported a 4% sales growth in Q1 2025, down from 11% last year, amid concerns about weakening consumer demand. Despite this, the company plans a 9% dividend increase and €1.8 billion investment in growth, with expansion into new markets.
Inditex, the parent company of Zara, reported a slower start to its first quarter for 2024, with sales up just 4% in currency-neutral terms from February 1 to March 10, compared to 11% growth during the same period last year. Despite strong overall sales and profit figures for 2024, meeting analysts’ expectations, concerns about weaker consumer demand are growing.
Inditex has seen rapid growth in recent years, driven by Zara's market share gains over rivals like H&M, and its share price has more than doubled in the last three years. However, analysts are concerned about the impact of weakening demand, especially in key markets like the United States. Bernstein analyst William Woods highlighted a “softer exit rate” for the quarter, noting the company would need a significant acceleration in the coming weeks to meet expectations.
Despite this, Inditex remains committed to profitable growth, with plans to increase its dividend by 9% and invest 1.8 billion euros in store refurbishments, technology, and online platforms. The company is also expanding its reach, with plans to open new stores in Iraq, Sweden, the Netherlands, and Germany.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
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