Business and Economy

Business and Economy Latest News

Price hikes boost P&G profits despite lower China sales
Price hikes boost P&G profits despite lower China sales
by  AFP

Higher prices helped Procter & Gamble score increased quarterly profits despite a hit to China sales, and executives on Friday described inflation as having a relatively limited impact thus far on demand. However, P&G executives said sales in China suffered an 11 percent hit due to Covid-19 lockdowns, with the earnings release highlighting the impact in beauty, grooming and health care.

ExxonMobil profits surge to $17.9 bn on lofty commodity prices
ExxonMobil profits surge to $17.9 bn on lofty commodity prices
by  AFP

ExxonMobil's profits nearly quadrupled to $17.9 billion in results released Friday that underscored the elevated state of oil and natural gas prices amid commodity market tightness. ExxonMobil's results were also boosted by a strong performance in its downstream business amid high gasoline prices and limited refining capacity.

Ultra-fast fashion charms young despite damaging environment
Ultra-fast fashion charms young despite damaging environment
by  AFP

So-called "ultra-fast fashion" has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems. - 'Haul' videos - Customers post so-called "haul" videos online -- where they unwrap SHEIN packages, try on clothes and review them.

Energy

Money

Industry

Technology

Economy