Author: admin
L’Oreal could avoid the worst of the tariff war with the U.S., the beauty giant’s CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers Hieronimus said he is “not overly concerned” over the impact of White House tariffs on L’Oreal, as the group produces most of its goods sold in the U.S. in the North American country. Some of the cosmetics titan’s luxury products, such as fragrances, are nevertheless exported from Europe.”Right now, there’s no tariff on this category,” he said. “Should there be one? Well, we will work around it. There’s pricing power. There’s also…
The two sides welcomed the upcoming reestablishment of the Saudi-Ukrainian Business Council in 2025Saudi Arabia and Ukraine issued today a joint statement, outlining their plans to enhance economic cooperation and trade ties. The two sides also welcomed the upcoming reestablishment of the Saudi-Ukrainian Business Council in 2025. This came following President of Ukraine Volodymyr Zelenskyy’s official visit to Saudi Arabia yesterday.His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received President Zelenskyy at Al-Salam Palace in Jeddah where they held an official discussion session.During the meeting, the two sides reviewed the aspects of the…
Beijing is poised to add more detailed measures to its draft private economy promotion law, after last month’s second review of the proposed legislation by lawmakers sparked wider discussions on market entry and enforcement issues, analysts said.The drafting of the law began last year as the Chinese authorities made the revitalisation of domestic dynamism a priority. However, it was not deliberated over or passed at the annual session of the National People’s Congress (NPC) – the country’s top legislature – which concluded on Tuesday.That may be due to the complex nature of the new law, which is designed to augment…
Bitcoin rose over 4% on Monday on track for the first profit in five days away from a week low at $80,000 after marking the worst weekly performance this year as traders were disappointed by US reserve plans. Current gains are underpinned by Wall Street’s rebound from recent five-month lows amid hopes for a Fed rate cut in the first half of the year. The Price Bitcoin rose 4% at Bitstamp today to $84,007, with a session-low at $80077. On Sunday, bitcoin dropped 6.4% at Bitstamp, the fourth loss in a row, plumbing a week trough…
Espinosa has been serving as the company’s chief planning officer since April 2024Nissan announced on Tuesday that Ivan Espinosa, its current chief planning officer, would take the company’s lead from April 1, succeeding Makoto Uchida as CEO of the distressed Japanese car manufacturer. Nissan has also announced significant changes to its executive committee, which will report to Espinosa effective April 1.Uchida faced mounting pressures to step down following the company’s declining earnings performance and the collapse of merger talks with Honda. The $60 billion merger would have created the world’s fourth-biggest auto group by vehicle sales after Toyota, Volkswagen and…
Webinar date and time: Thursday, March 13, 2025 | 8pm HKTThe webinar will be available on March 13, 2025, on this page and will be accessible to all logged-in readers. Please bookmark this page or add the event to your calendar to access it.The meetings of China’s top legislature and advisory body opened on March 5 with the country facing economic uncertainty at home and heightened geopolitical tensions abroad. The annual gathering – collectively referred to as the “two sessions” – provides an opportunity to gain critical insight into the nation’s direction for the coming year and beyond.To give readers…
Finance Minister Muhammad Aurangzeb on Tuesday said that due to stringent measures against cross-border smuggling, sugar has been exported instead of being smuggled to Afghanistan. Addressing a press conference alongside Federal Minister for Information, Attaullah Tarar, the finance minister highlighted the government’s reform agenda. “This is the first time that sugar has not been smuggled to Afghanistan, it has been exported,” he said, adding that the country need “every single dollar” to balance its current account. Aurangzeb informed that on the directives of the prime minister the Federal Board of Revenue (FBR) has initiated an improved production monitoring system in…
New flights will connect major cities like Sharjah, Amsterdam, London, Madrid, and Tokyo Narita Qatar Airways has announced the introduction of additional flights to key global destinations worldwide. This expansion of services will provide passengers with enhanced flexibility and seamless connections, further reinforcing the airline’s extensive network that spans over 170 destinations.In a recent statement, Qatar Airways revealed that the new additional flights will serve major cities including Sharjah, Amsterdam, Damascus, Dar Es Salaam-Kilimanjaro, Entebbe, Larnaca, London Heathrow, Madrid, Maputo-Durban, Tokyo Narita, and Tunis.Read more: Qatar Airways connects 30 Boeing aircraft with Starlink Wi-FiThierry Antinori, Qatar Airways chief commercial officer…
Upon listing, Alpha Data’s market capitalization stood at approximately $408 millionThe Abu Dhabi Securities Exchange (ADX) welcomed today the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing ADX’s commitment to broadening the market and offering diversified investment opportunities.“Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it’s a commitment to our shareholders and the broader market to keep delivering growth and champion…
The AGM highlighted ADIB’s strong business momentum and the exceptional 2024 performanceDuring the Annual General Assembly (AGM) of Abu Dhabi Islamic Bank (ADIB), shareholders deliberated and ratified all agenda items, which included the election of a new Board of Directors and the distribution of a cash dividend of 83 fils per share, equating to 83 percent of capital. This payout signifies a total distribution of AED3.030 billion ($825 million), representing 50 percent of the net profit for 2024, an increase from 71 fils per share in 2023.Highlighting strong business momentumIn addition to endorsing the dividend payout, the AGM underscored Abu…