Articles by DPA
Trump announces ‘significant’ trade agreement
US President Donald Trump announced a “significant” trade agreement with a “large and highly respected country”. He announced via his online platform, Truth Social, that there would be a press conference on Thursday morning (local time). The Republican did not disclose which country it was, but reports suggest it is the UK. A British government...
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Kohl's board terminates CEO Ashley Buchanan; appoints Michael Bender as interim CEO
Department store chain Kohl's Corp. (KSS) announced Thursday that the Board of Directors has decided to terminate chief executive officer Ashley Buchanan for cause after an investigation conducted by outside counsel and overseen by the Audit Committee of the Board determined Buchanan violated company policies. Buchanan was found to have directed...
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DHL resumes delivery of certain parcels in the US
The logistics group DHL is ending a delivery stop in the US that applied to valuable parcels. The company, based in Bonn, announced that there had been constructive discussions with the US customs authorities and other agencies to optimise customs regulations. This concerned parcels whose value exceeds 800 dollars and are intended for private...
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ChatGPT to offer buying advice in future
The AI chatbot ChatGPT is trying its hand as a buying advisor, thereby attacking Google’s business. The developer, OpenAI, demonstrated the new function with a search query: “What is the best espresso machine for under 200 dollars that comes close to the taste of coffee in Italy?” ChatGPT then suggested several models with photos, prices and...
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German finance minister Kukies: US has interest in agreement in tariff conflict
The acting German finance minister, Jörg Kukies, sees a good chance of an agreement in the international trade conflict. US representatives made it clear during discussions within the G7 and G20 groups that there was great interest in reaching an agreement, the Social Democratic Party politician said on the sidelines of the International...
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Eyewear company EssilorLuxottica increases revenue sharply at start of year
EssilorLuxottica saw a significant increase in revenue at the start of the year. The eyewear company's revenue rose by 8.1 percent in the first quarter compared to the same period last year to 6.85 billion euros, the French-Italian company announced on Wednesday evening in Charenton-le-Pont. At constant exchange rates, growth was 7.3 percent....
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Estée Lauder appoints Brian Franz as Chief Technology, Data & Analytics Officer
The Estee Lauder Companies Inc. (EL), Tuesday announced that it has named Brian Franz its Chief Technology, Data & Analytics Officer, effective April 21. Previously Executive Vice President and CIO at State Street, Franz brings extensive experience from leadership roles at Diageo, PepsiCo, GE, and AT&T. EL is currently trading at 54.76 dollars,...
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Luxury goods group Hermès grows less than expected
French luxury group Hermès continued to grow in the first quarter. However, the maker of products such as the Birkin and Kelly bags fell short of expectations. Sales rose by 8.5 percent to 4.13 billion euros in the first three months of the year, the EuroStoxx 50 heavyweight reported on Thursday in Paris. Adjusted for currency effects, growth...
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EU Postpones retaliatory tariffs on US products until mid-July
In the trade dispute with the US, the EU suspended the application of planned special tariffs on US products until July 14. With the corresponding publication in the EU Official Journal, the EU is implementing an announcement by European Commission President Ursula von der Leyen. She announced last week that the measure, which was originally...
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China imposes 34 percent retaliatory tariffs on US products
China has announced countermeasures on imports from the US, which will amount to up to 34 percent. According to the Customs Commission of the State Council of China, the tariffs will go into effect on April 10. The decision is a response to the "Liberation Day" import duties announced by the US government on Wednesday. The additional tariffs led...
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