China

DHL Exec Says China Lockdowns Will Hit Supply More Than Ukraine War

Lockdowns in China are having greater impact on global supply chains than the war in Ukraine and will be felt even after they are lifted, said the head of...

JD.com Beats Revenue Estimates But CEO Cautious Over COVID Outbreaks

E-commerce group JD.com beat estimates for quarterly revenue as more people shopped on its platform following COVID lockdowns in China, but its CEO remains...

Brazil's JBS Says China Lockdowns Won't Affect Demand

Brazilian meat giant JBS SA played down the effects of COVID-19-related lockdowns in China, saying they would not affect demand for JBS products despite ca...

Estée Lauder Cuts Profit Forecast On China COVID Curbs, Ukraine Crisis

Estée Lauder Cos Inc cut its full-year profit forecast as fresh COVID-19 curbs in China and the suspension of operations in Russia following the inv...

Rémy Cointreau Gives Confident Outlook Despite China COVID Woes

Rémy Cointreau is confident over prospects for this year and has predicted a strong start to business in the first quarter despite COVID-related res...

Pernod Ricard Q3 Sales Beat Forecasts, Cautious On Q4

French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales but said COVID-19 measures in China, war in Ukraine, and a nor...

Beiersdorf Cuts Full-Year Sales Forecast For Adhesives Unit

Beiersdorf has cut the forecast for full-year sales at its adhesives unit due to extensive lockdowns in China and ongoing supply chain issues in the automo...