Latest

Gucci owner Kering posts 46% profit slump before new CEO arrives
Gucci owner Kering posts 46% profit slump before new CEO arrives
Business and Economy
by  AFP

French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing. Group net profit fell to 474 million euros ($547 million) in the first half from 878 million in the same period last year, on sales that were down 16 percent at 7.6 billion euros.

P&G estimates $1 bn tariff hit, plans some US price hikes
P&G estimates $1 bn tariff hit, plans some US price hikes
Business and Economy
by  AFP

Procter & Gamble executives projected a $1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said it would institute limited price hikes in the United States. But P&G executives said they don't have enough details about the just-announced deal between the United States and Europe to update the forecast.