A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty ImagesShares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line.Gvasalia, who joins from Balenciaga, replaced Sabato De Sarno, whose departure was announced last month.Shares were down 10.37% by 8:19 a.m. London time.This is a developing story and will be updated shortly. Source link
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A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility.ATTA KENARE | AFP via Getty ImagesSenior diplomats from Iran, Russia and China gathered in Beijing on Friday for talks on Tehran’s nuclear issues, Chinese state broadcaster CCTV reported, days after Tehran rejected U.S. “orders” to resume dialogue over the Iranian nuclear program.In 2015, Iran reached a deal with the United States, Russia, China, Britain, France and Germany and agreed to curb its nuclear program in exchange for the lifting…
Men and women socialize at the end of the day outside The Castle Pub in London, United Kingdom.Robert Nickelsberg | Getty Images News | Getty ImagesThe U.K.’s economy unexpectedly shrank by 0.1% month-on-month in January, official figures showed on Friday.Britain’s Office for National Statistics said the fall was mainly due to a contraction in the production sector.Economists polled by Reuters had expected the country’s GDP to grow by 0.1%.Services output picked up by 0.1% month-on-month in January, but marked a slowdown from the 0.4% hike of December. Production output dropped by 0.9% on the month, after recording a 0.5% rise…
WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to local reports more than 40 brands electric vehicle brands participated in the exhibition. (Photo by Getty Images)Getty Images | Getty Images News | Getty ImagesBMW’s net profits slumped by more than a third in 2024, flagging “continuing subdued demand in the Chinese market.”Net profit for…
U.S. President Donald Trump listens as Indian Prime Minister Narendra Modi speaks during a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC.Alex Wong | Getty Images News | Getty ImagesTariffs from U.S. President Donald Trump could push allies to forge closer relationships with other countries like China and India, according to former U.S. diplomat Wendy Cutler.It comes amid the U.S. president’s threat to levy steep tariffs on European alcohol products, after the European Union said it would impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods starting in…
Makoto Watanabe has never forgotten the day when his previous employer, one of Japan’s biggest newspapers, retreated from its biggest investigative scoop about the Fukushima nuclear disaster: that workers had fled the plant against orders from the plant’s manager.It was 11 years ago, and the Asahi Shimbun had come under fire from other media and government supporters, who said the newspaper had misrepresented what were just garbled instructions. After proclaiming that it stood behind the story, the Asahi did an abrupt about-face at a news conference and retracted it.The newspaper later gutted the investigative group he worked on that produced…
The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain.Angel Garcia | Bloomberg | Getty ImagesBARCELONA — Europe’s telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial intelligence.Last week at the Mobile World Congress (MWC) trade show in Barcelona, CEOs of several telecoms firms called on regulators to make it easier for them to combine their operations with other businesses and reduce the overall number of carriers operating across the continent.Currently, there are numerous telco players operating…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyThe ‘Fast Money’ traders talk the crumbling consumer trade as fears of a recession rise to the surface.05:46Thu, Mar 13 20256:07 PM EDTMelissa Lee Source link
Serena Tan, CEO of Gaia Investment Partners and Scott Hahn, CEO of Hahn & Co at CNBC’s CONVERGE LIVE on Thursday, March 13, Singapore.CNBCThe private equity market could be heading for a shake-up, with several fund managers facing difficulties in raising cash, Serena Tan, CEO of Gaia Investment Partners, a Malaysian fund of funds, told CNBC at CONVERGE LIVE in Singapore.The low interest rate environment post-Covid means the deals market was booming, bolstering fund managers’ track records, according to Tan. But many of these previously successful private equity players have been struggling to raise funds in the current lackluster market, Tan…
The arch of the European Parliament is seen on March 8, 2025 in Brussels, Belgium.Thierry Monasse | Getty Images News | Getty ImagesBelgian prosecutors said on Thursday they had detained several individuals over suspected bribery in the European Parliament allegedly for the benefit of China’s Huawei.Belgian investigators carried out searches of 21 premises across Belgium and in Portugal on Thursday morning. A judge had since requested that the offices of two parliamentary assistants be sealed, federal prosecutors said.Huawei said it took the allegations seriously and would urgently communicate with authorities to fully understand the situation.”Huawei has a zero tolerance policy towards corruption or other wrongdoing, and we are committed to complying…
