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L'Oreal confident as posts double-digit gains for 2022
L'Oreal confident as posts double-digit gains for 2022
Business and Economy
by  AFP

Cosmetics giant L'Oreal posted double-digit growth in sales and profits in 2022 to record levels despite inflation and Covid lockdowns in China and expressed confidence for the year ahead thanks to a return by Chinese consumers. Recording growth in all of its markets, sales rose by 18.5 percent to 38.3 billion euros ($41.1 billion).

Senators grill Southwest Airlines after holiday meltdown
Senators grill Southwest Airlines after holiday meltdown
Business and Economy
by  AFP

US Senators grilled a Southwest Airlines executive Thursday over December's winter storm troubles that affected some two million customers, resulting in a hellish holiday travel meltdown for the ages. But Senator Ed Markey, a Massachusetts Democrat, pressed Watterson on why Southwest would not provide cash instead of 25,000 reward points to affected customers as a complementary "goodwill" gesture.

Adidas 2022 income drops, more pain ahead after end of Kanye tie-up
Adidas 2022 income drops, more pain ahead after end of Kanye tie-up
Business and Economy
by  AFP

Adidas's net income fell heavily in 2022, according to preliminary results released on Thursday, with the German sportswear giant predicting major operating losses this year after ending a tie-up with Kanye West. The end of the partnership with controversial rapper West would be a major contributor to the company suffering operating losses of up to 700 million euros this year, Adidas said.