Two dead, six injured in shooting at Los Angeles music festival after-party
Two people were killed and six others wounded after gunfire broke out at an after-party linked to a weekend music festival in downtown Los Angeles....
Spanish fashion giant Inditex (ITX.MC), owner of Zara, reported first-quarter revenues of €8.27 billion ($9.44 billion) on Wednesday, falling short of analyst expectations amid rising economic uncertainty.
The result missed the €8.36 billion average estimate in a LSEG poll, adding to concerns about the company’s ability to maintain strong sales growth in a challenging global retail landscape.
The underperformance comes as fast-fashion retailers face slowing consumer demand, intensified price competition, and broader macroeconomic headwinds.
Fears of resurgent inflation and an economic slowdown triggered by tariffs have already dampened consumers' enthusiasm for shopping in the United States and elsewhere.
With volatility in foreign exchange markets driven by trade risks, Inditex said currency fluctuations will have a bigger impact than previously expected, predicting a 3% negative effect on its 2025 sales, compared with the 1% it flagged in March.
Rainy weather in Spain, which accounts for 15% of Inditex's global sales, has also likely hurt its performance, according to Bernstein analysts.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Prime Minister Benjamin Netanyahu is expected to request cabinet approval for a significant expansion of Israel’s military activity in Gaza, according to several Israeli media reports.
Firefighters are struggling to contain a fast-moving wildfire in central California that has injured three people and is threatening hundreds of homes.
Two people were killed and six others wounded after gunfire broke out at an after-party linked to a weekend music festival in downtown Los Angeles.
Authorities in Beijing have evacuated over 80,000 people as severe rainfall batters the Chinese capital, with flooding expected to intensify into Tuesday.
Russia has announced it no longer considers itself bound by a self-imposed moratorium on deploying short- and medium-range missiles, citing growing threats from the U.S. and NATO.
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