Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers.

Shares of cloud computing platform DigitalOcean (NYSE:DOCN) jumped 2.9% in the afternoon session after its unit, Cloudways, announced the launch of a new product line called Managed AI Agents.

Aug 13 (Reuters) - The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more ‌direct customer relationships over fears of losing their loyalty and repeated ‌purchases, payments firm Adyen said on Thursday. Traditionally, consumers have browsed, logged in and paid directly through online ​channels.

European stock indexes rose in early trade as earnings stories drove increases. The Europe-wide Stoxx 600 added 0.3%, led by consumer-facing stocks and healthcare. London's FTSE 100 moved 0.3% higher, led by a 10.

Results across Europe’s leading luxury groups pointed to the power of VICs and newness, while a fragile China still complicates the rebound story for much of the sector.

Hermès International earnings put recent share performance in focus Hermès International Société en commandite par actions (ENXTPA:RMS) reported half year 2026 earnings with sales of €8,163 million and net income of €2,238 million, giving investors fresh numbers to assess the luxury group. See our latest analysis for Hermès International Société en commandite par actions. The latest earnings come after a tough spell for Hermès International Société en commandite par actions shareholders, with...

At constant exchange rates, revenue increased 6%, with currency movements reducing reported revenue by more than €360m over the six-month period.

↗️ Ford Motor (F): Despite posting a drop in second-quarter revenue, the automaker boosted its full-year earnings outlook. Shares closed up a little over 2%. ↘️ Caterpillar (CAT): The construction-equipment maker’s shares dropped around 7% amid concerns about data centers and a downgrade from analysts at Baird.

The FTSE 100 was lifted by well-received earnings and gains in BP and Shell as the oil price strengthened.

By Purvi Agarwal, Tharuniyaa Lakshmi and Avinash P July 29 (Reuters) - European shares edged lower on Wednesday, as diverging results from French luxury groups weighed on the broader sector, while

The better-than-expected performance by Gucci prompted a flurry of upgrades from analysts.