Explainer-Why Gucci-Owner Kering Is Selling Its Beauty Business to L’Oreal
Oct. 20 By Linda Pasquini and Leo Marchandon Gucci-owner Kering has agreed to sell its beauty business to L’Oreal for 4 billion euros ($4.7 billion) in a strategic shift by new CEO Luca de Meo, who is trying to cut the luxury group’s debt and…
Radicals abroad
Oct. 10 By Julia O`Malley The radical ideas promoted by representatives of the Russian opposition abroad do not have widespread support in Russian society, including among those who identify themselves as liberal-minded citizens. This is due to a combination of factors, ranging from the historical…
Alaska Summit: Who wouldn’t benefit from a meeting between the presidents of Russia and the United States?
Aug. 14 By Julia O`Malley August 15, an important and anticipated meeting of U.S. President Donald Trump is scheduled to take place in Alaska. Trump and Russian President Vladimir Putin. The conditions for the cessation of hostilities in Ukraine will be discussed at the summit….
World University Games – a new sports political arena
July 24 By Julia O`Malley The FISU World University Games 2025, one of the world’s largest multi-sport events, takes place in Germany from 16 to 27 July across five cities in the Rhine-Ruhr region – Bochum, Duisburg, Essen, Hagen, and Mülheim an der Ruhr –…
China Embarks on World’s Largest Hydropower Dam, Capital Markets Cheer
July 20 By Farah Master and Samuel Shen China’s Premier Li Qiang announced construction had begun on what will be the world’s largest hydropower dam, on the eastern rim of the Tibetan Plateau, at an estimated cost of at least $170 billion, the official Xinhua…
BlackRock Shares Slump Even as Assets Hit Record $12.5 Trillion on Market Rally
July 15 By Anirban Sen and Ateev Bhandari BlackRock’s assets under management hit a new high in the second quarter as global markets rallied, but its shares tumbled as much as 7% after a large Asian institutional client pulled money from an index strategy. During…
Analysis-Despite Tariffs, It’s Still America First for Asia’s Legacy Automakers
July 14 By Hyunjoo Jin Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported…
Bitcoin Tops $120,000 for the First Time
July 13 By Rae Wee Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Starting on Monday, the U.S. House of Representatives…
Trump Announces 35% Tariffs on Canada
July 12 By Ismail Shakil U.S. President Donald Trump on Thursday announced a 35% tariff rate for goods imported from Canada, starting August 1.
BRICS Leaders to Call for Data Protections Against Unauthorized AI Use
July 6 By Reuters Leaders of the BRICS group of developing nations will call for protections against unauthorized use of artificial intelligence (AI) to avoid excessive data collection and allow mechanisms for fair payment, according to a draft statement seen by Reuters. The diplomatic bloc…