Estée Lauder Cos. shares plummeted the most on record after the beauty company cut its forecast for the third time in six months, as travel recovers more slowly than expected in the key market of China.
Iraq said it’s yet to strike a deal with Ankara that would allow for the resumption of almost half a million barrels a day of Iraqi oil exports from Turkey.
Carmakers from Stellantis NV to Ford Motor Co. posted gains in the first quarter, but investors are signaling that the industry is headed for difficult times.
Barrick Gold Corp.’s top executive is closely watching the takeover battle for Teck Resources Ltd. but has no plans to pursue the Canadian base metals producer, which has drawn a $23 billion offer from Glencore Plc.
Steep discounts haven’t addressed the supply-demand dynamics that are no longer working in Elon Musk’s favor.
Brazil’s Federal Police raided former President Jair Bolsonaro’s home in Brasilia on Wednesday as they carried out an investigation into false Covid-19 vaccination data entered into public health systems, according to a person involved in the probe.
Kenya’s economy performed worse that expected in the fourth quarter as a drought, tighter financial conditions and government spending cuts weighed on output and consumption.
A group of British unions who represent millions of workers are seeking to reverse the UK’s decision to allow temporary staff from outside agencies to stand in for those involved in strikes, calling the move unlawful.
The Czech central bank kept borrowing costs unchanged but is likely to intensify its hawkish warnings about persistent home-grown inflation risks.
Taiwan Semiconductor Manufacturing Co. is in talks with partners to spend as much as €10 billion ($11 billion) to build a chip fabrication plant in Saxony, Germany, according to people familiar with the matter.
