L’Oreal’s shares on Wednesday extended a deep sell-off after the cosmetics giant reported quarterly sales below expectations, citing reduced beauty products demand in China and slower growth for its dermatological division.
Tagged By news
Chinese solar stocks jump on rumours Beijing will stifle excess supply, price war
Moves, if implemented, would end price war and eliminate less-capable firms that churn out low-quality equipment, analyst says.
Beijing Dance Academy looks to past, celebrates future
The sixth edition of the BDA (Beijing Dance Academy) Dance Forum, “70 Years of Dance Education: Chinese Experience and Global Perspective”, opened on Sunday.
Chinese aircraft carrier group sails through Taiwan Strait after Beijing hold live-fire exercise near self-ruled island
A Chinese aircraft carrier group sailed through the Taiwan Strait on Wednesday, Taiwan’s defence minister said.
Incoming EU foreign policy chief Kallas warns against Russia and China
The European Union’s next foreign policy chief has told lawmakers that strengthening security must be a priority, warning that Europe must be prepared as Russia and “partly China” exploit the …
Coronavirus: Millions in China under lockdown as country faces more Covid outbreaks
Tens of millions of people were under lockdown in China on Wednesday as businesses in a major tourist city were forced to shut their doors and fresh clusters sparked fears of a return to blanket…
Apple’s Tim Cook meets China regulator in Beijing but no final word on Apple Intelligence
Chinese consumers have been vocal about their desire to see Apple bring its generative AI services to China as soon as possible.
Putin welcomes China’s Xi Jinping to Russia for start of BRICS summit
President Vladimir Putin welcomed his Chinese counterpart, Xi Jinping, to Russia on Tuesday, as the Kremlin head prepares to host several leaders of developing nations at an intergovernmental summit …
Local government key to reigniting China’s economy
Concerned by the social risks of high unemployment and falling asset values, the government of Xi Jinping is trying to reboot the economy from the ground up.
Europe likens probe into cheap tomato exports to Beijing trade wars
Australian officials have this month begun an inquiry into whether Italian groups are dumping products sold as Coles, Woolworths and Aldi home brands.
Apple CEO Tim Cook met China’s minister for industry and IT in Beijing
Apple CEO Tim Cook met with China’s minister for industry and information technology, Jin Zhuanglong, on Wednesday in Beijing, according to a statement from his ministry. Jin said that he hoped Apple …
Beijing officials crack down on illegal store closures
Authorities in Beijing have launched the country’s first crackdown on illegal store closures that exploit and violate consumers’ rights, and have placed two enterprises, three intermediary agencies …
Takeda: China will become second-largest market by 2031
Having been in the Chinese pharmaceutical market for 30 years, Japan’s Takeda is optimistic about the market and will keep investing in the country, a senior company executive has said.
