First-quarter sales at three of L’Oréal’s four businesses have exceeded levels from before the Covid-19 pandemic, putting the world’s biggest cosmetics maker on track for recovery this year. The French company benefited from strong growth in China, where consumers have put the pandemic behind them to push sales up... Read more

Global equities pushed to record highs and Treasuries rallied following the release of upbeat economic data in the US and reassurances that the Federal Reserve would continue to support financial markets. US retail sales in March rose by the most in 10 months while the number of Americans filing... Read more

A new study from researchers at Oxford University has found that people who contract COVID-19 are at far higher risk of developing blood clots than people who receive COVID-19 vaccines, further bolstering the case for vaccine use. The study, which was published in preprint form on Thursday, meaning it... Read more

Turkey’s central bank has left its benchmark interest rate unchanged at its first rate-setting meeting since a new governor was installed, but signalled that it could loosen policy if inflation showed signs of slowing. The monetary policy committee, chaired by Sahap Kavcioglu since his surprise appointment last month, kept... Read more