Kering SA, the French luxury conglomerate and parent company of Gucci, is in advanced discussions to sell its beauty division to L’Oréal in a deal that could value the unit at approximately $4 billion, reported WSJ, citing sources familiar with the matter. The transaction could be announced as early as…
This week brought a mix of political stalemate, global diplomacy, and market unease as Washington remained mired in a prolonged government shutdown, President Donald Trump took a victory lap over a Middle East cease-fire, and renewed credit worries rattled US regional banks. Meanwhile, Wall Street’s largest lenders continued to post…
A €17 billion ($19.72 billion) joint bid by Bouygues Telecom, Iliad-owned Free and Orange for most of the assets of SFR, France’s second-largest telecom operator, could serve as a key test for Europe’s telecoms market, Reuters said in a report.The non-binding proposal that could reduce the number of French network…
Hungary has suddenly found itself at the center of an massive diplomatic project: hosting a high-stakes meeting between US President Donald Trump and Russian President Vladimir Putin that both sides say could help push toward talks on the Ukraine war.The idea is politically useful for Budapest as Prime Minister Viktor…
Zions Bancorporation (NASDAQ: ZION) nosedived this week after reporting a $50 million write-off tied to fraudulent loans. The sell-off wiped over $1 billion off its market cap in recent sessions.The regional bank’s announcement sparked investor anxiety over its lending standards and broader credit risk across the financial sector.However, a senior…
A turbulent Friday across Europe as the BBC faces a formal rebuke from Ofcom over a “misleading” Gaza documentary, Spanish police reopen the Mango founder’s death as a homicide case, UK bank stocks plunge amid US financial jitters, and Ferrari reins in UK sales following the end of Britain’s non-dom…
Hims & Hers Health Inc (NYSE: HIMS) started this week on a positive note after announcing its expansion into menopause-related treatments – a large and underserved market.However, the rally is fading rather quickly. On Friday, the telehealth stock tanked another 15% as Andrew Dudum, the company’s chief executive, confirmed he’s…
Friday evening came with major global and economic updates.Ukrainian President Volodymyr Zelenskyy arrived at the White House for high-stakes talks with President Trump as tensions rise over Russia’s latest military moves.In markets, Ray-Ban maker EssilorLuxottica hit record highs thanks to surging demand for its new AI-powered smart glasses.Meanwhile, US–China trade…
President Donald Trump signaled on Friday that he may meet Chinese leader Xi Jinping within weeks and reiterated his controversial assertion that India will stop buying Russian oil.The latest remarks came as Ukrainian President Volodymyr Zelenskyy arrived at the White House for crucial talks on long-range weapons and peace negotiations.The…
Heathrow Airport is preparing for a major leadership transition as former BT Group chief executive Philip Jansen emerges as the frontrunner to become its next chairman, reported Sky News. The move comes as Britain’s largest aviation hub pushes ahead with a long-awaited £50 billion expansion plan, including the construction of…