Estee Lauder agrees to buy Tom Ford brand for $2.3bn
NEW YORK: Luxury beauty brand Estee Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford’s company for $2.3 billion.
NEW YORK: Luxury beauty brand Estee Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford’s company for $2.3 billion.
SHARM EL SHEIKH, Egypt: Moscow’s revenues from fossil fuel exports fell in October to their lowest levels since the Ukraine invasion, but Turkey has become a new route for Russian oil supplies to the EU, a think tank said Wednesday.
NUSA DUA, Indonesia: G20 nations on Wednesday said the war in Ukraine was hurting the global economy and warned against the threat or use of nuclear weapons in the conflict, according to a final statement agreed on by leaders. After a two-day summit in Bali, “most” of the world’s 20 biggest economies also condemned the war in Ukraine, which threatened to escalate after two people were killed in a missile strike on Polish territory.
Frankfurt: Germany said Tuesday its gas storage facilities were now completely full, helped by a spell of unseasonably warm weather, as the country readies for a winter deprived of Russian energy.
NUSA DUA, Indonesia: The United States is pressing China and other G20 members to do more on debt relief for the world’s poorest countries, a senior US official said Tuesday.
LONDON: Britain will Thursday hike taxes and slash public spending in a government budget that signals a return to austerity despite a cost-of-living crisis and recession headwinds.
NUSA DUA: Rich nations pledged Tuesday to raise at least $20 billion to help wean Indonesia off coal and reach carbon neutrality by 2050, a decade earlier than planned, the White House said.
BEIJING: Chinese authorities have unveiled sweeping measures to rescue the country’s struggling property sector, as regulators seek to offset years of harsh pandemic curbs and a real estate crackdown that have stalled the world’s number-two economy.
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