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.
The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most countries came into effect.
Germany is weighing plans for a 10 percent digital tax for internet giants such as Alphabet and Meta, a senior official said Friday, despite the risk of stoking further trade tensions with the United States. This could be based on the model in Austria, which has a five percent tax, he said, adding that in Germany "we consider a 10 percent tax rate to be moderate and legitimate".
US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "violated" a deal to de-escalate tariffs, at a time when both sides appeared deadlocked in negotiations. But on Friday, Trump wrote that: "China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US," without providing further details.
The government has listed the national projects that will be handed over to private hands in a concession arrangement, to generate money to repay the debts incurred.
Britain's hard-right Reform UK has become the first political party in the country to accept donations through bitcoin and other cryptocurrencies, raising fresh concerns over transparency. "As of now, provided you are an eligible UK donor ... we are the first political party in Britain that can accept donations in Bitcoin and other cryptocurrencies," he said.
Livestock farmer Joe Kroon turned to saffron in desperation when drought threatened his livelihood and, as this season's harvest winds down, he is encouraged by the potential of a new entry into South Africa's farming catalogue.
The Nigeria-first policy states that the government and its agencies will only buy imported goods when there are no local alternatives, but manufacturers want more.
To help facilitate the federal government's green initiative, Toyota Nigeria has announced the release of three new hybrid electric vehicle models in Nigeria.
The African Development Bank (AfDB) has predicted that about 21 African currencies, including the naira, will experience depreciations in 2025 and 2026.
Economy
Load more