Author: Press Room

Azzas, one of the largest fashion groups in Brazil and Latin America, reported a net profit of R$168.9 million (approximately $28 million) for the fourth quarter of 2024, marking a 35.8% decline from the previous year.According to a report from local media outlet E Investidor, Azzas’ stock price dropped 7.38% to R$24.48 by 10:30 a.m. (local time) as markets reacted swiftly to the disappointing results.Analysts have labelled the company’s performance as “cloudy,” owing to decreased margins caused by the ongoing merger of Arezzo and Soma.Weakened margin and profitabilityFinancial experts at XP Investimentos emphasized to E Investidor, that while Azzas’ balance…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rachel Reeves will need to lay out harsh spending cuts to offset higher borrowing costs in her Spring Statement this month, investors have warned, as a recent rise in bond yields intensifies the pressure on the UK chancellor.The Office for Budget Responsibility on Wednesday said its preliminary fiscal forecasts were based on the UK’s borrowing costs during the 10 working days to February 12, which excludes the more recent rise in gilt yields.Analysts at Capital Economics said Reeves was on track to…

Victoria Ratliff, the wealthy financier’s wife on season 3 of HBO’s “The White Lotus,” has a problem: She keeps popping pills.And her drug of choice, the anti-anxiety medication lorazepam, has left her a little loopy.In the show, which follows guests vacationing at a fictional resort, Victoria pairs her medication with wine, which leads her to nod off at the dinner table. Sometimes she slurs her words.When she notices that her pill supply is mysteriously dwindling, she asks her children if they’re stealing them.“You don’t have enough lorazepam to get through one week at a wellness spa?” her daughter, Piper, asks.“The…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldTwo of Wall Street’s most prominent executives have said there are upsides to Donald Trump’s policies, even as the US president presses ahead with protectionist measures including import tariffs that have fuelled fears of a slowdown in the world’s largest economy.Stephen Schwarzman, chief executive of Blackstone, told reporters in India on Wednesday that the tariffs would, “at the end of the day”, lead to a significant increase in manufacturing activity in the US.“Given the size of the US, that tends…

Archaeologists digging in Central America recently uncovered strange 2,400-year-old clay puppets in an unexpected place.The discoveries, which were found on top of El Salvador’s San Isidro pyramid, were published in an article entitled “Of puppets and puppeteers: Preclassic clay figurines from San Isidro, El Salvador,” on Mar. 5. The ancient Mesoamerican puppets date back between 410 and 380 B.C.Pictures show the puppets possessing eerie open-mouthed facial expressions. The largest puppets of the group are around a foot long, and are “naked and devoid of hair or jewelry,” while the smallest ones are “modeled with locks of hair on their foreheads…

“Ghost Adventures” star Aaron Goodwin’s wife, Victoria Goodwin, has been arrested on charges of soliciting to commit murder and conspiring to commit murder, Fox News Digital confirms. According to a representative for Clark County in Nevada, Victoria – who has been married to the reality TV star since 2022 – was arrested and charged on March 6. She’s currently being held on $100,000 bail and is scheduled to appear in court Wednesday. Police told TMZ that Victoria had been messaging an inmate in a Florida prison about a possible murder-for-hire plot against her husband.’GHOST ADVENTURES’ STAR ZAK BAGANS SAYS HE FELL ILL…

Duterte will be brought before an ICC judge in The Hague in the coming days for an initial appearance, court says.Former Philippines President Rodrigo Duterte has arrived in the Netherlands and has been surrendered to the custody of the International Criminal Court (ICC) on allegations of crimes against humanity over his deadly “war on drugs”. Duterte was arrested on Tuesday in the Philippine capital, Manila, after returning from a trip to Hong Kong, and placed on a plane to Rotterdam by police. In a statement on Wednesday, the ICC said Duterte, 79, had been “arrested by the authorities of the…

Have you been spending too many hours on your social feeds feeling anxious, combative or just plain unproductive? Just as limiting exposure to social media has been recommended for children’s mental health, many adults may also benefit.Even if you aren’t ready for a full digital detox (where you severely reduce your smartphone use or even take a week offline), small adjustments to your daily routine can help you make time for other activities. And if you’ve decided it’s time to move on, see what you can take with you before you close your accounts. Here’s a quick guide.Set LimitsSocial media…

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau and AerCap CEO Aengus Kelly join ‘Squawk Box’ to discuss the state of global airline travel demand, impact of tariffs, Boeing’s production and delivery timeline, and more.05:38Wed, Mar 12 20257:58 AM EDT

San Diego County’s “super sanctuary” policy will remain in place for now following a failed vote to scrap it from Republican county officials. “The Biden Administration forced San Diego County onto the front lines of its relentless border crisis and now fringe Democrats in the County are trying to do the same,” Rep. Darrell Issa, R-Calif., told Fox News Digital in a statement. “The people in my district want no part of policies that have contradicted our laws, blocked law enforcement, and gotten innocent Americans killed. Mark these words: Sanctuary policies are going away,” Issa, whose district includes part of San Diego…