Estee Lauder will cut about 3% to 5% of its workforce, expanding its efforts to shore up profit margins as a rebound in its China business takes longer.
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Estee Lauder to cut jobs on delayed China recovery; shares surge 16%
Estee Lauder’s stock soars as profit beats expectations by a wide margin, and as the business has reached ‘an inflection point’
MARKET PULSE Shares of Estee Lauder Companies soared 10.7% in premarket trading Monday, after the beauty-products company reported fiscal second-quarter profit that beat expectations by a wide margin,
China in the Maghreb: Threading the Needle of Algeria and Morocco
China’s strategy in the Maghreb is challenged by regional rivalries, the need to balance economic and political interests, and the Western Sahara conflict. China faces dilemmas in navigating these …
Donald Trump pledges to impose new China tariffs if re-elected
Donald Trump raised the specter of trade war with China on Sunday after confirming he plans to impose tariffs of 60% or higher on Chinese imports if he wins a second term in the White…
Alcoa’s stock rocked after Trump’s threat of high tariffs on Chinese imports
Donald Trump’s plans to start a trade war with China if he is elected president in November. The aluminum producer’s stock sank 8.7% in afternoon trading to lead a broad selloff in the metals and…
EU rebuffs European solar industry’s plea for emergency help to fight cheap China imports
Use of trade weapons must be ‘weighed against’ bloc’s lofty climate goals that need affordable panels for green transition, says top finance official.
China’s New Currency Playbook
There is little doubt that China rather actively managed its currency in 2023. For a period of time in the fall, the People’s Bank of China’s (PBOC’s) central parity rate, or “fix” – the midpoint…
China targets margin loans, short selling to help stabilise stocks
China’s securities regulator said on Monday that it would tighten scrutiny of margin financing, malicious short selling and seek to ward off risks involving pledged shares.The watchdog’s vow to …
China launches world’s 1st satellite to test 6G architecture: State media
Launched by telecom giant China Mobile, satellite is placed at low-orbit to ‘offer low latency, high data transfer rates’ – Anadolu Ajansı …
China Could Leapfrog US As Top Economy By 2037, But Another Asian Powerhouse Could Reap ‘Demographic Dividend’
As per a recent report from the Centre for Economics and Business Research (CEBR), the U.S., China, and India could be seen alternating in their positions as leaders of the global economy throughout …
China gives Yang Jun, dual Australian national and dissident writer, suspended death sentence for espionage
Australia’s government is “appalled” by China giving dual national author Yang Jun a suspended death sentence after a closed-door espionage trial.
Top U.S. Treasury Officials to Visit Beijing for Economic Talks
A meeting of the new economic working group comes as the U.S. and China are trying to prevent any escalation of hostilities.
Beijing Continues To Mismanage China’s Property Problems
The latest news makes matters altogether too clear. According to Beijing’s National Bureau of Statistics, the value of property sales in China fell 17% this past December from year-ago levels, worse …
