Business
French luxury group Kering, the owner of Gucci, has announced that it will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new strategic partnership with its parent company, ICCF. The investment reflects Kering’s continued efforts to strengthen its presence in the......
The United Kingdom’s Financial Conduct Authority (FCA) announced on Thursday the introduction of a revised regulatory framework for short selling, aiming to make the system clearer and easier for financial firms to follow. Short selling refers to an investment strategy in which traders bet that......
Chanel continues to strengthen its presence in the global wine industry with the acquisition of Rudd Estate, a prestigious vineyard located in California’s Napa Valley. The French luxury group, already active in viticulture for decades, particularly in Bordeaux with Château Rauzan-Ségla,......
Brazilian fintech company Ebanx has announced a major international expansion strategy focused on Southeast Asia, as it seeks to strengthen its presence beyond Latin America. The company, which provides cross-border payment solutions for global firms such as Uber and Shein, is expanding its services......
British retailer JD Sports Fashion has sold its entire stake in Applied Nutrition in a transaction valued at approximately $66.5 million, marking a strategic shift in its investment portfolio. The company offloaded its 9.1% shareholding through a secondary share placing, selling millions of shares at......
British recruitment firm Hays has reported a decline in its net fees for the third quarter, reflecting continued weakness in hiring demand, particularly in Germany, its largest market. The company recorded an 8% drop in net fees, highlighting the ongoing challenges faced by the recruitment sector across......
Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter. The move comes after a previous agreement to sell the business to U.S.-based......
Spanish fashion giant Inditex, the parent company of Zara, has reported an incident involving unauthorised access to transaction-related databases hosted by an external service provider. According to the company, the affected systems contained information linked to customer transactions but did not......
British low-cost airline easyJet has issued a warning over a significantly higher loss for the first half of the year, reflecting mounting pressures from rising fuel prices and increased legal expenses. The carrier estimates a headline pre-tax loss ranging between £540 million and £560 million,......
Angola’s state-owned oil company Sonangol has stated that it has not received any formal request from Botswana regarding participation in the planned Lobito refinery project. The proposed refinery, one of Angola’s largest infrastructure investments, is valued at around $6.6 billion and is......
Moroccan insurtech startup ReparTrust.com has been awarded the Innovation prize at the 4th edition of the Trophées de l'Assurance d'Afrique, held on March 31, 2026, in Casablanca. The platform, founded in 2025 by El Mehdi Benslim, was recognized by a high-level jury of specialized journalists,......
China-based Victory Giant Technology is expected to price its Hong Kong initial public offering at the top of its indicated range, reflecting strong investor demand despite global market volatility. The company plans to sell shares at HK$209.88 each, aiming to raise approximately HK$17.5 billion (about......
Japan has announced plans to establish a financial support framework worth around $10 billion to help Asian countries secure stable energy supplies amid growing global competition for oil. The initiative aims to strengthen regional energy security at a time when geopolitical tensions, particularly in......
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