Economy

Pharrell headlines opening day of Paris Fashion Week
Pharrell headlines opening day of Paris Fashion Week

The shows were barely over in Milan but the fashion crowd had already shifted to Paris on Tuesday, with Pharrell Williams hinting at a cowboy theme for his opening day show for Louis Vuitton. Having already been through Milan, the fashion caravan then decamps for Miami, Copenhagen, New York, London, and then back to Milan and Paris for womenswear shows in February. er/gil

Asian markets down as traders fret over rate cut outlook
Asian markets down as traders fret over rate cut outlook

Asian stocks ticked lower Tuesday as Middle East concerns overshadowed hopes for an early Federal Reserve interest rate cut, with traders now awaiting the release of key data out of China and the United States later in the week. Investors are now awaiting the release this week of US data on retail sales, industrial production and jobs, among other things.

Everton, Nottingham Forest face sanctions after admitting financial breaches
Everton, Nottingham Forest face sanctions after admitting financial breaches

Everton and Nottingham Forest were referred to an independent commission by the Premier League on Monday after admitting to breaches of financial rules. "Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league's profitability and sustainability rules (PSR)," a Premier League statement said.

Everton, Nottingham Forest admit financial breaches
Everton, Nottingham Forest admit financial breaches

Everton and Nottingham Forest have been referred to an independent commission by the Premier League on Monday after admitting to breaches of financial rules. "Everton FC and Nottingham Forest FC have each confirmed to the Premier League that they are in breach of the league's profitability and sustainability rules (PSR)," a Premier League statement said.

EU debates 2040 milestone towards carbon-neutral future
EU debates 2040 milestone towards carbon-neutral future

The EU plans to be carbon neutral by 2050, but to get there it needs to pass two decadal milestones -- each implying massive adaptation by industry and consumers. The EU's European Scientific Advisory Board on Climate Change in a June report urged a reduction of 90-95 percent for the bloc to stay on its carbon-neutral trajectory.