Tag: slumps

VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China ...

BP POSTED a 30 per cent drop in third-quarter profit to US$2.3 billion – the lowest in almost four years ...

FEDEX cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for ...

Global oil demand grew at its slowest pace since 2020 in the first half of 2024 due to China’s economic ...

Chinese consumers are turning to brands with higher levels of desirability or exclusivity, Barclays analysts say FRENCH fashion designer Kering ...

NEW car sales in the European Union rose 0.2 per cent in July, slowed by declines in France and Germany, ...

LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday (Aug 21), as consumers curb their spending ...

SHARES in Australia’s Domino’s Pizza Enterprises hit a more than nine-year low on Thursday (Jul 18), as analysts cut their ...

THE yen dropped to its lowest level since 1986 against the US dollar on Wednesday (Jun 26), keeping currency markets ...

Britain’s Burberry reported a 34 per cent drop in annual operating profit on Wednesday (May 15) after it faced the ...