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L'Oreal bullish after net profits rise
L'Oreal bullish after net profits rise
by  AFP

French cosmetics giant L'Oreal said Thursday its profits rose last year despite the declining Chinese market and it made bullish statements about its hopes for 2025. Given that Chinese demand had failed to rebound last year as hoped Hieronimus said the group had nonetheless performed well, enjoying good years in Europe and the United States.

Trump trade envoy pick says universal tariffs should be 'considered'
Trump trade envoy pick says universal tariffs should be 'considered'
by  AFP

US President Donald Trump's trade envoy nominee Jamieson Greer told his confirmation hearing Thursday that universal tariffs should be "studied and considered" as a potential way to reverse offshoring and deficits. Greer told lawmakers Thursday that the United States should be a "country of producers," as he faced questions by lawmakers on trade.

Volvo Cars anticipates bumpy 2025 as demand slows
Volvo Cars anticipates bumpy 2025 as demand slows
by  AFP

Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher. Volvo Cars shares slumped back around 11 percent mid-afternoon on the Stockholm Stock Exchange, with investors disappointed over year-end profitability and concerned about the 2025 outlook.

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