Austrian billionaire Reinold Geiger doubled sales at beauty-shop chain L’Occitane International SA over the past decade through clever marketing involving free samples and recurrent mailings to get consumers to buy the latest floral-scented skin creams.
The US and Saudi Arabia continue to work on a framework aimed at Saudi recognition of Israel in exchange for US security guarantees for Riyadh — though the Biden administration signaled Wednesday there’s still a long way to go.
Bonds from Ecuador are getting a breather after JPMorgan Chase & Co. recommended buying the battered debt ahead of a snap election.
European natural gas jumped by the most since March of last year amid the possibility of worker strikes in Australia, highlighting market jitters over potential supply disruptions.
President Luiz Inacio Lula da Silva’s government is moving toward allowing Brazil’s state-run oil company to survey an ecologically sensitive offshore region, a decision that threatens to overshadow a major environmental summit and feed a festering dispute in his administration.
A dam at a hydroelectric plant in Norway has partially collapsed following several days of heavy rains, local media reported.
Last year, Prime Minister Narendra Modi said India could feed the world. This year, the world’s top rice exporter is instead curbing grain sales, rushing to ease rising food inflation at home as next year’s general election approaches.
Fines tied to unauthorized communications on Wall Street have topped $2.5 billion, and that’s probably not the last of it.
Swimming pool manufacturers in the US are slashing their profit outlooks for the year even as July was officially declared the world’s hottest month on record, a contradiction that illustrates just how vast and profound the fallout from rapid interest rate hikes has been.
Investment fund Engine No. 1, known for its battle with Exxon Mobil Corp. and recently taking a surprise stake in Vale SA’s base metals business, is eying more deals in critical minerals.
