The share price of luxury firm Hermès plopped down 10 percent on 28 July even though the company reported a modest rebound in sales during this year’s second quarter.
Tag: Global Economy
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SHELL OIL REPORTS SECOND-BEST QUARTER EVER
British energy giant Shell Oil posted $9.8 billion in adjusted earnings in the second quarter, beating analysts’ forecast of $8.9 billion and more than doubling the $4.3 billion from a year earlier.
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MERCEDES TRIMS 2026 REVENUE FORECAST
Mercedes-Benz lowered its 2026 revenue forecast last week, saying revenues would come in “slightly” below last year’s figure of €132.2 billion. Earlier, the company had forecasted this year’s revenue would be about the same as last.
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CHINESE STUDENTS FLOCK TO PUBLIC-SECTOR JOBS
Despite China’s world-class tech economy, more high-school graduates are choosing to pursue careers in the military, police, or other public service agencies.
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EUROZONE SQUEEZES OUT 0.4-PERCENT SECOND-QUARTER GROWTH
In this year’s second quarter, the economy of the 21-member Eurozone eked out 0.4-percent growth despite the Iran War’s energy price shock.
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SPOTLIGHT: CHINA’S ECONOMY ADVANCES AROUND THE WORLD
China’s world domination in electric vehicles technology and AI production has grabbed headlines, but China also has far outpaced competing nations in clean energy.
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity giants Blackstone, Brookfield Asset Management, and KKR together are paying $16 billion to share a 49-percent stake in a joint venture involving all of Kuwait’s oil pipelines.
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SPECIAL REPORT: THE RACE FOR RARE EARTH METALS
What lithium is to batteries, rare earth metals are to electronic technologies.
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EUROPE STOCK MARKET RALLY IS DRIVEN BY JUST 10 STOCKS
The Stoxx Europe 600 Index has gained 8.8 percent this year, reaching its highest mark in more than five years.
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ECB FREEZES INTEREST RATE AS OIL PRICES SURGE
Last week, the European Central Bank (ECB) held its key interest rate steady at 2.25 percent, despite the resumption of the Iran War and the resulting spike in oil prices over $100 a barrel.