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Milan Fashion week opens as luxury sector struggles
Milan Fashion week opens as luxury sector struggles
by  AFP

Flair and fanfare promise to light up the Milan Fashion Week catwalks starting Tuesday, but upcoming shows will struggle to distract from a worrying slump in the luxury sector. Gucci -- once the pride of fashion week but now the worst performer in Kering's portfolio -- kicks off the week-long party this week in Milan.

S. Korea's central bank cuts rate, growth outlook over tariff fears
S. Korea's central bank cuts rate, growth outlook over tariff fears
by  AFP

South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol's brief declaration of martial law last year. Seoul's central bank on Tuesday also said employment had continued to slow.

Trump's chip tariff threats raise stakes for Taiwan
Trump's chip tariff threats raise stakes for Taiwan
by  AFP

US President Donald Trump's threat of tariffs on semiconductor chips has complicated Taiwan's bid to remain a global powerhouse in the critical sector and stay onside with key backer Washington, analysts said. "I think that Trump's tariff threats make this strategy much more complicated.

Spain's Telefonica sells Argentina subsidiary for $1.2 bn
Spain's Telefonica sells Argentina subsidiary for $1.2 bn
by  AFP

Spanish telecommunications giant Telefonica agreed to sell its Argentine subsidiary to Telecom Argentina for $1.2 billion on Monday, prompting libertarian President Javier Milei's government to announce an investigation over competition concerns.

Trump says Canada, Mexico tariffs moving 'forward' on schedule
Trump says Canada, Mexico tariffs moving 'forward' on schedule
by  AFP

US President Donald Trump said Monday that tariffs he unveiled on Canada and Mexico are moving forward as planned, addressing reporters after meeting with French counterpart Emmanuel Macron, who urged "fair competition" in trade. Meanwhile, Macron called on Trump for "fair competition" in trade, noting that the American and European economies are deeply intertwined.