French cosmetics giant L’Oreal reported lower-than-expected sales in the fourth quarter due to weak demand in China and the U.S. Sales reached 11.08 billion euros, just below analyst estimates, with full-year sales totaling 43.48 billion euros. The company, known for brands like Lancôme and Maybelline, has been impacted by softening consumer demand, particularly in China, similar to luxury brands in the market.
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Why Britain lacks leverage in tariff talks with the US
The UK faces significant limitations in retaliating against Donald Trump's tariffs due to its economic dependence on the US, which constitutes a major market for American exports. While Prime Minister Sir Keir Starmer seeks a trade deal with the US, economists urge caution against imposing reciprocal tariffs, as this could exacerbate the cost of living crisis and would unlikely compel Trump to relent. The UK must consider strategic alternatives, including coordinating with the EU, as...
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