Pedestrians walk past the American multinational skincare, and beauty products brand, Estée Lauder (Estee Lauder) logo seen in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesEstee Lauder will cut about 3% to 5% of its global workforce, the cosmetics giant said on Monday, expanding an effort to shore up...
Andrea Orcel, chief executive officer of UniCredit.Bloomberg | Bloomberg | Getty ImagesUniCredit on Monday pledged to match in 2024 the previous year's result despite the negative economic backdrop, as it posted a much higher than expected 2023 profit and said it would return it all to shareholders.Net income in...
Passengers board an aircraft, operated by Ryanair Holdings Plc, on the tarmac at London Stansted Airport, operated by Manchester Airport Plc, in Stansted, UK, on Monday, Nov. 6, 2023.Chris Ratcliffe | Bloomberg | Getty ImagesRyanair on Monday trimmed its profit forecast for the year to the end of March...
New Hyundai cars are displayed on the sales lot at San Leandro Hyundai on May 30, 2023 in San Leandro, California.Justin Sullivan | Getty ImagesSouth Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavorable exchange rates as well...
The SK Hynix Inc. logo is displayed on a glass door at the company's office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year.SeongJoon...
Rafael Henrique | Lightrocket | Getty ImagesEricsson said it expects further decline in 5G gear demand from mobile operators this year after beating fourth-quarter operating profit expectations on Tuesday helped by software sales.Telecoms equipment suppliers are expecting a challenging 2024 as 5G equipment sales - a key source of...
German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in Berlin, Germany.Michele Tantussi | Getty Images News | Getty ImagesEurope's largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical Office of Germany...
Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park.Annabelle Chih | Getty Images News | Getty ImagesTaiwan chipmaker TSMC reported a largely flat fourth-quarter revenue on Wednesday, but that still beat both the company's and market's expectations.The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a boom in artificial intelligence applications...
St. Louis Fed names Alberto G. Musalem as new president.Source: St. Louis Federal ReserveEconomist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday. Musalem, 55, will start on April 2. He replaces James Bullard, who joined Purdue University last...
Revolut's logo displayed on a phone screen.Jakub Porzycki | NurPhoto via Getty ImagesBritish fintech Revolut's revenue rose 45% to a record 923 million pounds ($1.1 billion) in 2022, but net profit tumbled to 6 million pounds, down from 26 million pounds the year before, the company said in delayed...