Even as the company leaned hard into enterprise AI, its core ad business fell 6% vs. last year. The decline in online advertising revenue appears to be attributed to slowing consumer spending in China.
The Chilean peso's appreciation, driven by strong copper prices and a weak U.S. dollar, highlights its robust recovery amidst global economic shifts.
Crude oil futures are constrained by weak demand forecasts from OPEC and the International Energy Agency, while geopolitical risks in the Middle East persist.
Burberry's exit from the FTSE 100 reflects a combination of strategic missteps and declining demand, largely due to economic pressures in China heavily impacting the luxury market.