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.
Waist-deep in a rain-swollen river, Christer Kristoffersen cast his line, landed it gently on the water, and caught ... nothing. While locals can do little about climate change -- which leads to warmer waters and changing ecosystems -- another culprit is fish farming.
In a leafy Nairobi suburb, a Kenyan firm helps foreigners track shoplifters, monitor lung damage from Covid-19 and identify whales -- tapping into the outsourcing market's artificial intelligence-boosted boom. Traditional outsourcing is already booming.
Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington. In a signal of further deflationary pressure, Chinese factory gate prices fell in June at the fastest rate in nearly two years, the NBS also said on Wednesday.
Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China's app savvy crowd. He has also emphasised the vital role that agriculture plays in China, the world's top producer of commodities including rice and wheat.
Stocks were mixed Wednesday as investors assessed Donald Trump's latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals. He also warned "no extensions will be granted" to his August 1 deadline for tariff deals, after he pushed back his previous cut-off of July 9 to allow more time for talks.
The second biggest teachers union in the United States unveiled a groundbreaking partnership Tuesday with AI powerhouses Microsoft, OpenAI, and Anthropic to develop a comprehensive training program helping educators master artificial intelligence. Microsoft is contributing $12.5 million, OpenAI $10 million, and Anthropic $500,000.
United Airlines said Tuesday it would resume service between Tel Aviv and its Newark/New York hub on July 21, 10 days earlier than previously planned. United subsequently said it would pause service with Tel Aviv through at least July 31.
The cement dealers predict that the demand for cement will increase in July and August, and the pressure will push the price of Dangote, Bua, and other cements up.
President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. But the president this week again delayed their reimposition, pushing it back to August 1.
Economy
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