Coty, the 121-year-old beauty products brand, is investigating the pros and cons of “partnerships, divestitures, and spin-offs” as it looks to unload its consumer beauty product line, the company has announced.
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TESLA’S SALES REBOUND IN THIRD QUARTER
In this year’s third quarter, Tesla’s electric vehicle (EV) sales rose 7.4 percent above the same period last year after two quarters of sharp declines.
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MIDDLE EAST SOVEREIGN WEALTH FUNDS LEAD PEERS AGAIN THIS YEAR
For a fourth consecutive year, sovereign wealth funds among the Gulf oil states are making more investments than similar funds of other nations, the Financial Times reported.
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EUROZONE’S JOBLESS RATE RISES AS LABOR MARKET DIVIDES IN TWO
In August, the unemployment rate among the 20 countries sharing the euro currency ticked up to 6.3 percent from 6.2 percent in July. About 11,000 more people were without work.
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CASH-STRAPPED CONSUMERS CUT BACK ON SNACKS
In another sign of a tightening economy, consumers have cut back on snack purchases as reflected in a sales slump for Conagra, maker of munchies ranging from Slim Jim jerky to David sunflower seeds.
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EU WANTS PEOPLE TO STOP SAVING, START INVESTING
Europeans traditionally have saved a larger share of their incomes than Americans do.
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‘A LONG, SLOW GOODBYE’ TO RUSSIA’S OIL RESERVES
Russia has depended on its oil reserves to keep its war on Ukraine, and its economy, functioning for almost four years. Now Western sanctions and heavier production from those reserves to fuel the war machine are beginning to drain that natural resource.
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LABOR MARKETS IN ADVANCED ECONOMIES ARE SEIZING UP
Employers in G7 countries, considered the world’s most advanced, hesitate to hire or to lay off workers as uncertainties over interest rates, taxes, tariffs, and artificial intelligence (AI) leaves them unable to plan, the Financial Times reported.
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GLOBAL FACTORY ACTIVITY CRIMPED BY WEAKNESS IN CHINA AND THE U.S.
Factory output contracted around the world in September as U.S. economic activity slowed, demand in China weakened, and the ongoing U.S. tariff war made customers hesitate to buy, Reuters reported.
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STUDENT LOAN DEBT IS EATING GEN X’S FINANCES
The oldest cohort of Generation X, which followed the Baby Boom generation, is closing in on retirement with many lacking the money to be ready for it. The reason: student debt.