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Estee Lauder withdrew its outlook for the current year, citing uncertainty around the pace of recovery the China and Asia travel retail markets, as well as recent leadership changes.
Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ahead of new car launches.
The European Commission, the EU’s executive arm, said it had opened formal proceedings against the Chinese e-commerce platform to assess whether it may have breached Europe’s digital services regulations.
