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Zalando Plunges After Cutting Guidance on Worsening Economy

Zalando Plunges After Cutting Guidance on Worsening Economy

The German e-tailer’s shares tumbled the most in more than three years after Europe’s largest online retailer slashed its profit forecast, blaming worse-than-anticipated macroeconomic conditions.

The stock dropped as much as 17 percent in early German trading. It’s fallen about 70 percent this year.

The retailer said late Thursday that it expects full-year adjusted earnings of €180 million ($190 million) to 260 million euros, well below…


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Suriname backtracks on building Jerusalem embassy

Suriname backtracks on building Jerusalem embassy

vaccine

A third vaccine dose may increase protection from omicron