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19923 articles published since 08 Mar 2022

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Maria Grazia Chiuri named creative director at Fendi
Maria Grazia Chiuri named creative director at Fendi
Economy

Italian designer Maria Grazia Chiuri was named Tuesday as the new chief creative officer at Rome-based luxury brand Fendi, just months after stepping down as womenswear designer at Dior. "Maria Grazia Chiuri is one of the greatest creative talents in fashion today," said Bernard Arnault, the multi-billionaire chief executive of fashion giant LVMH, which owns Fendi and Dior.

Fallen Austrian property tycoon Benko goes on trial over fraud charges
Fallen Austrian property tycoon Benko goes on trial over fraud charges
Economy

Fallen Austrian property tycoon Rene Benko pleaded not guilty Tuesday to alleged fraud, the first charges in a wide-ranging investigation into the insolvency of his former real estate empire. On the first day of his trial in the city of Innsbruck, Benko pleaded not guilty to the charges, according to a spokeswoman.

Flights cancelled as Belgium hit by national strike
Flights cancelled as Belgium hit by national strike
Economy

A national strike over a government savings plan grounded flights and disrupted public transport in Belgium on Tuesday, with tens of thousands expected to join a demonstration in Brussels. Unions expect tens of thousands to join a rally in Brussels on Wednesday, as delays and cancellations also hit the capital's metro, tram, and bus services.

Google to invest $15 bn in India, build largest AI hub outside US
Google to invest $15 bn in India, build largest AI hub outside US
Economy

Google said Tuesday it will invest $15 billion in India over the next five years, as it announced a giant data centre and artificial intelligence base in the country. Kurian announced "capital investment of $15 billion" over the five years and a "gigawatt-scale AI hub in Visakhapatnam", a port city in the southeastern state of Andhra Pradesh.

Trump tariffs on timber, furniture take effect
Trump tariffs on timber, furniture take effect
Economy

US President Donald Trump's fresh tariffs on imported wood, furniture and kitchen cabinets took effect Tuesday, a development likely to fuel building costs and pile pressure on homebuyers in an already challenging market. The latest salvo features a 10-percent tariff on imports of softwood lumber, while duties on certain upholstered furniture and kitchen cabinets start at 25 percent.

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