Maybelline maker L’Oreal forecast on Thursday that China’s coronavirus health crisis would have a short-term hit on its Asian business, its biggest sales driver, though the group said it still expected to outperform cosmetics rivals in 2020. Thriving appetite from Chinese consumers for luxury creams such as L’Oreal’s Lancome range has fueled sales growth at …
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* World depends on container trade for consumer goods * Some ships being re-routed to South Korean ports * Some analysts say disruptions could continue into March By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES, Feb 6 (Reuters) – China’s fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing …
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PARIS (Reuters) – Airbus (AIR.PA) has prolonged a planned closure of its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on Wednesday, adding it was monitoring for any signs of impact on deliveries. It appears to be the first significant impact on aerospace production since the coronavirus …
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BERLIN (Reuters) – German sportswear company Adidas (ADSGn.DE) on Wednesday said it was temporarily shutting a “considerable” number of its stores in China due to the coronavirus outbreak. The company said the fast-spreading virus was having a negative impact on its business but added that it could not yet assess to what extent. Adidas has …
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MADRID/SEOUL (Reuters) – The air transport sector, already reeling from China passenger flight cancellations designed to slow the spread of coronavirus, now faces mounting freight and logistics disruption with broader repercussions at stake, economists warn. The thousands of dropped flights have already slashed “belly cargo” capacity in airliner holds, with operators like Lufthansa (LHAG.DE) also …
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Brits to keep out EU fishing fleet ahead of showdown over access to British waters EU access to UK waters will be crucial issue during post-Brexit trade discussions Brussels is adamant European trawlers must be able to continue to fish near UK But government said priority in UK fishing grounds will be given to British …
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.4 million barrels from the previous week. At 435.0 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year. U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the …
Tesla Inc. extended losses on Wednesday as it dropped more than 19% following a coronavirus-caused delay of China-made Model 3 delivery. The company had its largest fall on record after it surged nearly 100% since the beginning of the year. Tesla’s equities hit the all-time high on Tuesday, reaching a $968.99 per share valuation. The …
A worker at a funeral home in Wuhan has reportedly made the disturbing claims – as Chinese authorities have insisted the official death toll remains at just under 500. Chinese crematoriums are working “24/7” as they burn bodies of people killed by the coronavirus in Wuhan, it has been claimed. Workers are reportedly working flat …
It ain’t the love boat anymore…. Try Sick Ship YOKOHAMA, Japan – Quarantined for two weeks on a cruise ship ravaged by coronavirus, the Britons on board have only one option: keep calm and carry on. David Abel and his wife Sally are still smiling, for now. Their friends Alan and Wendy Steele are going …