Italian fashion house Loro Piana, owned by French giant LVMH, has been placed under court administration for allegedly facilitating the exploitation of workers by subcontractors, police and a company source said Monday. The judges of the Milan court found that Loro Piana "negligently facilitated" the exploitation, according to the police statement.
UK Prime Minister Keir Starmer faced the most serious internal rebellion of his year-long premiership on Tuesday with MPs set for a close vote on welfare reforms that have already forced a damaging climbdown. The prime minister has a massive majority of 165 MPs, meaning he should be able to force whatever legislation he wants through parliament.
The Nigerian currency, the naira closed June strongly against the dollar, appreciating to N1,529 per dollar in the official spot rate on Monday, June 30, 2025.
India's capital banned fuel sales to ageing vehicles on Tuesday as authorities try to tackle the sprawling megacity's hazardous air pollution. The ban that came into force on Tuesday seeks to keep them off the roads by barring them from refuelling.
Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa. CBEX collapsed in April, leaving scores of investors like Edwin ruined, mainly in Kenya and Nigeria, according to media reports.
Asian stocks rose Tuesday amid optimism countries will strike US trade deals, though Tokyo's Nikkei sank after Donald Trump threatened to impose a fresh tariff rate on Japan as he hit out at the country over rice and autos.
A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.
US President Donald Trump's administration is "ignoring the scientific consensus to benefit polluters," hundreds of Environmental Protection Agency employees said in a letter of dissent Monday, accusing the government of undermining the EPA's core mission.
Streaming giant Netflix said Monday it will soon allow viewers to binge rocket launches and spacewalks through a partnership with US space agency NASA. "Whether you're a die-hard space nerd or someone who just really, really enjoys seeing Earth glow from 250 miles up, the countdown has officially begun," Netflix said in a blog post announcing the new NASA+ feed.
The White House said Monday that Canadian Prime Minister Mark Carney had "caved" to President Donald Trump, after Canada dropped a tax on US tech firms that prompted Trump to call off trade talks. Prime Minister Carney and Canada caved to President Trump and the United States of America," Press Secretary Karoline Leavitt said in a daily briefing.
Economy
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