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Farmers Bring Their Demands to Athens as Costs Surge

Greek farmers with their tractors rally in front of the Greek parliament, over unsolved issues after weeks of blockades. Greek farmers converged on Athens in a powerful display of frustration over rising production costs that they say are pushing them to the brink. Driving tractors, carrying banners, and gathering in Syntagma Square, they demanded stronger government support to keep their farms viable. The protesters argue that soaring fuel prices, higher electricity bills, and increased costs for animal feed and fertilizers have made it nearly impossible to sustain their livelihoods. Many also want long‑term structural reforms, including better access to water resources and more predictable subsidies. Government officials have acknowledged the pressure on the agricultural sector and signaled willingness to negotiate, but farmers insist that previous promises have not been enough. Their message in the capital was clear: without meaningful relief, Greece risks losing a vital part of ...
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Beauty Giant Braces for Global Trade Turbulence with Sweeping Job Cuts

 

Estée Lauder is set to slash up to 7,000 jobs worldwide as part of a sweeping restructuring initiative aimed at curbing costs and offsetting the impact of potential global tariff hikes. The American multinational, known for its prestigious brands such as Clinique, MAC, and Bobbi Brown, reported a 6% decline in quarterly sales amid weakening demand—especially in key Asian travel retail markets—and rising economic uncertainties linked to escalating trade tensions .

Under the leadership of its newly appointed CEO, Stéphane de La Faverie, the company is overhauling its operating model to become leaner, faster, and more agile. The restructuring is expected to generate annual savings of up to $1 billion, though it will incur restructuring charges estimated between $1.2 billion and $1.6 billion before taxes . De La Faverie acknowledged that the move is critical not only to reinvigorate sales growth but also to shield the company from external volatility—including the threat of increased tariffs imposed amid an intensifying global trade war .

Analysts note that this aggressive cost-cutting measure reflects broader industry pressures, where legacy beauty giants are increasingly challenged by nimble competitors and shifting consumer preferences. As Estée Lauder braces for further market headwinds, the job cuts are a stark reminder of the sweeping changes impacting even the most storied brands in a turbulent global economy.

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