Volkswagen says net profit tumbled 20 percent in first quarter
Brazil
Frankfurt - Arab Today
Embattled German auto giant Volkswagen said Tuesday that both sales and profits fell in the first three months of the year but it is sticking to its full-year targets.
VW, currently engulfed in a massive emissions-cheating scandal, said in a statement that net profit slumped by 20.1 percent to 2.31 billion euros ($2.6 billion) in the period from January to March, on a 3.4-percent decline in sales to 50.96 billion euros.
"We are confirming our forecast for the whole year," with overall sales set to decline by "up to five percent," VW said.
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London - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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