EXCLUSIVE In strategy shift, Louis Vuitton considers first duty free store in China’s Hainan
Louis Vuitton is considering opening its first duty free store in China on the emerging luxury island hub of Hainan, according to two sources, in a move that would mark a new approach for the world’s largest luxury label.
Momentum grows for green hydrogen projects in Tasmania
Woodside Petroleum (WPL.AX) said on Friday it has acquired land for a proposed hydrogen plant in Tasmania, one of three proposed hydrogen projects the island state is promoting to take advantage of its abundant hydropower and wind power.
Japan panel urges govt to launch $88 bln university fund
Japanese premier Fumio Kishida’s new advisory panel called for an $88 billion university fund on Monday and another one aimed at backing research and development on digital and green innovation as pillars of the country’s new growth strategy.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
A deal for the Italian government to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI)collapsed on Sunday after the two sides failed to agree terms.
The platform ‘Invest in Dubai’ has won the award for ‘Best Global Digital Transformation Initiative for Investors 2021’!
According to the World Bank’s Ease of Doing Business Report, Dubai has been the largest business city in the UAE for over 15 years, with a population of 3.4 million people, 16.73 million visitors, an area of 4,114 km2, and an unemployment rate of 0.5 %. With the goal of making Dubai the happiest city, […]
Tunisia leader picks first woman as PM at moment of crisis
TUNIS, Sept 29 (Reuters) – Tunisian President Kais Saied named Najla Bouden Romdhane, a little-known university engineer with World Bank experience, as prime minister on Wednesday nearly two months after he seized most powers in a move his foes call a coup. Romdhane, Tunisia’s first woman prime minister, will take office at a moment of […]
Sudan to cut government spending, increase social spending
Sudan will cut its government spending and increase social spending, the cabinet said on Saturday, after completing a raft of rapid economic reforms this month that threaten to compound pressures on the majority of the population.
Toshiba CEO Tsunakawa named interim chairman after investors oust Nagayama
TOKYO, June 25 (Reuters) – Toshiba’s (6502.T) board appointed CEO Satoshi Tsunakawa as interim chairman on Friday after investors voted to oust his predecessor in a stunning rebuke for its collusion with the Japanese government against shareholders. Tsunakawa’s appointment came after shareholders delivered a clear message to management by voting out Osamu Nagayama as chairman and another […]
Analysis: G7 global tax plan may hit corporate titans unevenly
An agreement by wealthy nations aimed at squeezing more tax out of large multinational companies could hit some firms hard while leaving others – including some of the most frequent targets of lawmakers’ ire – relatively unscathed, according to a Reuters analysis.
U.S. household wealth jumps to record $136.9 trillion, Fed says
U.S. household wealth jumped to a record $136.9 trillion at the end of March, a report from the Federal Reserve showed on Thursday, suggesting plenty of dry tinder for economic growth as the coronavirus pandemic recedes and the nation reopens.
