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.
It's a job that didn't exist until recently but becoming an influencer is an ever more popular career path among Gen-Z youth in the modern era of social media. Surveys consistently show that most Gen-Z youths -- those born between 1997 and 2012 -- would consider a job as a vlogger, YouTuber or professional streamer.
In a small neon-lit factory in Maputo, a dozen workers are hand-rolling premium cigars intended for the global market, seemingly undisturbed by the pungent tobacco smell. Once the tobacco is rolled and a wrapper applied, a worker cuts each end of the cigar to the required size and places it in a mold for at least 24 hours to get the desired shape.
Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day until the US Election Day on November 5 has raised questions about the legality of such a move.
Britain is urgently looking to reset its trading relationship with the European Union, and sees international commerce as key to reviving UK growth, trade minister Douglas Alexander told AFP. Alexander said Britain's 2016 vote to leave the EU caused "significant disruption" to its trade policy and the country needed to recalibrate its global trade outlook.
Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates. After the tepid lead from Wall Street, Asia struggled.
According to Norrenberger, Nigeria's inflation is predicted to decline year end as long as efforts by the country's fiscal and monetary authorities are strengthened.
Venezuela on Monday announced the arrest of a former oil minister accused of links to a firm controlled by US intelligence services -- the latest scandal to shake the crisis-hit country's energy sector. They are accused of crimes including "the delivery" of PDVSA's automated control system "to a company controlled by the US intelligence services," it said, without naming the other detainees.
Disney said Monday it will name Bob Iger's successor as chief executive in early 2026 as it tapped former Morgan Stanley CEO James Gorman as chairman of the entertainment giant. Gorman, who exited as Morgan Stanley CEO in 2023, was named to the Disney board earlier this year and has been directing a succession planning committee to pick a replacement for the veteran Iger.
Al-Qard al-Hassan, bombed by Israel over it's Hezbollah links, is a lifeline for mainly Muslim Shiite communities battling a years-long financial crisis that has locked Lebanese out of their bank deposits. Its beneficiaries are mainly Shiite Muslims, but in a country where a five-year economic crisis has forced many into desperation, Christians and Sunni Muslims have also turned to its services.
Economy
Load more