In a significant development for the luxury beauty and fashion sector, Puig, the Barcelona-based company known for its prestigious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, reported a striking 26% decline in net profit for the first half of the year following its initial public offering (IPO) in May. The results, […]
Goldman Sachs Warns AI May Reduce Oil Prices by Boosting Supply
The influence of artificial intelligence (AI) on global markets is gaining significant attention, particularly in the oil sector. A recent report from Goldman Sachs highlights that the integration of AI technology could lead to a notable decrease in oil prices over the next decade. This shift is primarily attributed to enhanced productivity in oil extraction […]