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EXPLAINED: 19 - The Real Truth

Cosmetics Maker Estee Lauder Reports Mixed Q3 Results; Cuts FY22 Outlook

Estee Lauder Companies Inc (NYSE:EL) reported third-quarter FY22 sales growth of 9.99% year-on-year to $4.25 billion, missing the consensus of $4.31 billion. Organic net sales increased 9%. Sales in the Americas increased 15% Y/Y, Europe, Middle East & Africa rose 17%, and Asia/Pacific fell 4%. Net sales from Skin Care rose 6%, Makeup…

How colonialism is a major cause of domestic abuse against women around the world

How colonialism is a major cause of domestic abuse against women around the world

One in three women around the world will experience violence from an intimate partner at some point in their lifetime. That is a shocking figure. Even more shocking, though, is the fact that, in 23 countries – from the Americas and Africa to Asia and the Pacific – it is…

The Conversation

Why Are Xerox Shares Plunging Today

Why Are Xerox Shares Plunging Today

Xerox Holdings Corp (NASDAQ:XRX) reported a first-quarter FY22 sales decline of 2.5% year-on-year to $1.67 billion, beating the consensus of $1.64 billion. Equipment sales declined 17.6%, while Post sale revenue improved 1.9%. Sales in the Americas declined 0.5% Y/Y, and EMEA fell 5.6%. Gross margin contracted 390 basis points Y/Y to 31.8%. The…

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COVID-19 is on the decline in Latin America and the Caribbean, but remains a threat

While COVID-19 deaths and infections in the Americas region over the past week are at the lowest levels since the pandemic began two years ago, the World Health Organization’s regional arm warned Wednesday that countries should not think the pandemic is over.

Summit of the Americas to tackle migration and threats to democracy, Miami adviser says

MIAMI — The Biden administration will use the upcoming Summit of the Americas to address some of the most pressing challenges in the region, including migration, threats to democracy and economic recovery from the pandemic, said Debbie Mucarsel-Powell, one of two former members of Congress tapped by the White House…

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma founded Alibaba Group Holding Ltd (NYSE:BABA) fintech affiliate, Ant Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, Reuters reports. The deal will integrate Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East, and the Americas.…

Feeline Spooked: Families Warned Over Pair Of Pumas Prowling California Neighborhood

Pumas are a large cat native to the Americas with many different names, including mountain lion, cougar, and panther.

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US appeals court rules WHO unit can be sued by Cuban doctors claiming forced labor

A federal appeals court has ruled that the World Health Organization branch for the Americas is not immune from being sued for its alleged role in a scheme to traffic Cuban doctors for the benefit of the island’s communist government, the first decision of its kind upholding a suit against…

Muslim Leaders in the Americas Agree to Establish Independent Body for Sects, Confessions

Muslim Leaders in the Americas Agree to Establish Independent Body for Sects, Confessions

Muslim leaders in North and South America have agreed to establish an independent body that would bring together different sects to implement the Makkah Charter, a turning point in contemporary Islamic thought.

Asharq Al-Awsat

China to Sponsor First Peace Conference in Horn of Africa

China to Sponsor First Peace Conference in Horn of Africa

China’s newly appointed envoy to the Horn of Africa Xue Bing said his country will sponsor the first peace conference in the first half of 2022, in an attempt to resolve regional conflicts. China is seeking to play a more active role in the key strategic conflict-hit region. Earlier this…

Asharq Al-Awsat

Meta To Hire 2K Employees Over The Next 5 Years In Spain

Meta To Hire 2K Employees Over The Next 5 Years In Spain

Facebook owner Meta Platform Inc (NASDAQ:FB) is looking to hire 2,000 people over the next five years in Spain, Reuters reports. The 2,000 employees will mainly staff the company's first 'lab,' a flexible base for its remote workers, in Madrid. Facebook will establish a Metaverse Innovation Hub with local telecoms firm Telefonica SA (NYSE:TEF). Spain…

Dole's Q4 Earnings Top Estimates

Dole's Q4 Earnings Top Estimates

Dole PLC (NYSE:DOLE) reported fourth-quarter FY21 sales growth of 2.3% year-on-year, to $2.25 billion, beating the consensus of $2.23 billion. The revenue increase was driven by growth in the Fresh Fruit, Diversified Fresh Produce in EMEA, and Diversified Fresh Produce in Americas & ROW reporting segments. The gross profit decreased 6.4% Y/Y to…

What is the Commonwealth as its 75th anniversary approaches?

What is the Commonwealth as its 75th anniversary approaches?

Commonwealth Day is held in March and another significant milestone is set to be celebrated

Evening Standard

Why Fossil Group Shares Are Sliding After-Hours Today

Why Fossil Group Shares Are Sliding After-Hours Today

Fossil Group Inc (NASDAQ:FOSL) reported fourth-quarter net sales growth of 14% year-over-year to $604.2 million and 16% in constant currency. The company recorded 26% and 21% sales growth in the Americas and Europe regions. Total digital sales grew 7% on a reported basis and represented 40% of worldwide net sales. Adjusted EPS improved…

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Oatly Group Posts Mixed Q4 Results; FY22 Outlook Lags Consensus

Oatly Group AB (NASDAQ:OTLY) reported fourth-quarter FY21 sales growth of 46.3% year-on-year, to $185.93 million, beating the consensus of $174.22 million. Revenue in the Americas jumped 96.5% Y/Y to $55.5 million, EMEA rose 14.1% to $88.9 million, and Asia grew 97.9% to $41.6 million. The gross margin contracted by 1,180 basis points to…

The Conversation

Support for democracy is waning across the Americas

People are losing faith in democracy throughout the Western Hemisphere.

Hurco Companies Clocks 24% Sales Growth In Q1

Hurco Companies, Inc (NASDAQ:HURC) reported first-quarter FY22 sales and service fees growth of 24% year-over-year to $66.89 million. EPS improved to $0.53 from $0.10 in 1Q21. Orders for the quarter increased 24% Y/Y to $70.86 million. Sales by geographic region: Americas $24.01 million (+3% Y/Y), Europe $34.12 million (+41% Y/Y), and Asia…

Los Angeles Times

LA Phil's 2022-23 Disney Hall season lineup celebrates Black women artists and Pan-American music

LOS ANGELES — The history of collaboration between Black women artists; the legacy and thriving state of classical music in the Americas; the untold stories of women who lived during the California Gold Rush; and an immersive, multimedia exploration of the work of three historic female composers, dating back to…

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COVID is still surging in the Caribbean, where rising deaths, low vaccination continue

While COVID-19 deaths have dropped in the Americas region for the first time since the beginning of the omicron variant, the Caribbean remains vulnerable to the deadly virus, the World Health Organization’s Americas office warned Wednesday.

Molson Coors Beverage Clocks 14% Sales Growth In Q4, Tops Consensus; Boosts Dividend By 12%

Molson Coors Beverage Co (NYSE:TAP) reported fourth-quarter FY21 sales growth of 14.2% year-on-year, to $2.62 billion, beating the consensus of $2.55 billion. Net sales in the Americas rose 7.6% Y/Y, and EMEA & APAC gained 56.4%. Gross profit fell 4.2% Y/Y to $857.3 million. The operating margin was 6.3%, and operating income for…

Sealed Air Clocks 14% Sales Growth In Q4, Tops Consensus

Sealed Air Corp (NYSE:SEE) reported fourth-quarter FY21 sales growth of 14% year-on-year, to $1.53 billion, beating the analyst consensus of $1.49 billion. On an organic basis, sales in the Americas rose 20% Y/Y, EMEA increased 13%, and APAC gained 4%. Adjusted EPS of $1.12 missed the analyst consensus of $1.13. The gross profit…

GE Agrees To Sell Part Of Steam Power's Nuclear Activities To EDF

General Electric Co (NYSE:GE) agreed to divest part of GE Steam Power’s nuclear power activities to EDF Group, an integrated electricity company listed on the Paris Stock Exchange. Financial terms were not disclosed. The transaction includes GE Steam Power’s conventional island equipment for new nuclear power plants and maintenance and upgrades for…

The Independent UK

Guatemala Mayan community argues before human rights court

Lawyers for an Indigenous community in eastern Guatemala are making arguments before the Inter-American Court of Human Rights that could have far-reaching implications for Indigenous communities throughout the Americas

Radware Tops Q4 Consensus Backed By Security Solutions Demand

Radware Ltd (NASDAQ:RDWR) reported fourth-quarter FY21 revenue growth of 11% year-on-year to $76.6 million, surpassing the consensus of $75.3 million. Revenue in the Americas region rose 14% Y/Y to $31.2 million, Europe, Middle East, and Africa (EMEA) region increased 23% Y/Y to $29.7 million, and Asia-Pacific (APAC) region declined 10% Y/Y to $15.7…

Coty Q2 Bottom-Line Beats Street View; Raises FY22 Adjusted EPS Outlook

Coty Inc (NYSE:COTY) reported second-quarter FY22 sales growth of 11.5% year-on-year, to $1.58 billion, missing the analyst consensus of $1.60 billion. Like-For-Like (LFL) revenue increased 12% Y/Y, driven by a 12% increase in both Prestige and Consumer Beauty segments. Revenue in the Americas rose 9% Y/Y, EMEA increased 12%, and Asia-Pacific grew 17%.…

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