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.
VIPs whizzed by speed boat through Venice Thursday as the three-day wedding party of Amazon tycoon Jeff Bezos and Lauren Sanchez kicked off and protesters demonstrated in St Mark's Square. Protesters, some wearing carnival masks, demonstrated in St Mark's Square, accusing authorities of pandering to the super rich while the city drowns under tourists.
Vice President Kashim Shettima confirmed that Nigeria has received $52 billion intervention funds from the bank, and listed impactful projects executed with it.
The former NNPCL Chief Financial Officer, Alhaji Umar Isa, described the reports of his arrests as targeted at tarnishing his image. He explained what happened.
Once signed into law, the bill will consolidate Nigeria’s tax laws, repeal the FIRS, and create new national tax institutions and a tax ombudsman.
Swedish fashion giant H&M on Thursday reported a drop in sales and profit in the second quarter, as currency effects weighed on the company's earnings. In its quarterly earnings report it said net sales were hit by "a currency translation effect of around six percentage points due to the strengthened Swedish krona."
In a remote town in southern Kyrgyzstan, teacher Nur Akhmatov watched workers building a library, conference hall and women's sports centre -- construction mostly funded by Kyrgyz emigrants sending money home from Russia. A new sports centre is a particular source of pride for teacher Abazbek Abdinabiyev.
The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
The cost of owning a car in Nigeria is getting more expensive and for salary earners it will take years to save to meet up to the target amid naira depreciation
At a minimalist Los Angeles matcha bar, powdered Japanese tea is prepared with precision, despite a global shortage driven by the bright green drink's social media stardom. "In the past two or three years, the craze has intensified: customers now want to make matcha themselves, like they see on social media," he added.
Economy
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