Italian fashion house Valentino announced on Tuesday that an Italian court has lifted early the special administration imposed on one of its units over labor practices involving Chinese-owned subcontractors. The court initially placed Valentino Bags Lab under judicial administration in May 2025 after......
Companies in the United Kingdom's services sector experienced a sharp increase in operating costs in March, the largest month-to-month jump since 2021, according to a recent survey. Rising energy and transportation expenses were the primary drivers of the surge, highlighting inflationary pressures......
Air India announced on Tuesday that Campbell Wilson has resigned from his role as CEO and Managing Director. His departure comes as the airline continues to face ongoing financial difficulties and increased scrutiny from aviation regulators. The decision follows a tragic accident last year that claimed......
Switzerland is expected to finalize stricter capital requirements for UBS this month, a move that could significantly influence the future of the country’s largest bank and potentially affect its decision to remain headquartered in Switzerland. Following the 2023 collapse of Credit Suisse and......
Moroccan steel producer Sonasid reported a strong financial performance for 2025, marked by solid revenue growth and a sharp increase in profitability, supported by the continued momentum of the national construction sector. The company recorded a 16% rise in revenue, reaching over 6.2 billion dirhams......
Dutch banking group ING has announced the termination of its agreement to sell its Russian operations, citing regulatory obstacles that made the completion of the deal unlikely. The agreement, initially reached in January 2025 with a Moscow-based buyer, was part of ING’s broader strategy to exit......
Investment firm Pershing Square, led by billionaire investor Bill Ackman, has put forward a proposal to acquire Universal Music Group (UMG) in a deal valued at nearly $65 billion, combining cash and stock. According to the offer, the transaction would value the world’s largest music company at......
Sunway’s $2.7 billion conditional takeover offer for IJM Corp has expired after the company failed to meet the required acceptance threshold by the 5 p.m. deadline, effectively ending the Malaysian conglomerate’s bid for the construction and property group. Sunway stated it respected IJM......
Moroccan agro-industrial group Cosumar has announced a major investment to develop a new production unit for liquid food-grade carbon dioxide in Casablanca. The project represents a strategic step toward industrial diversification and local production of a resource previously imported. The new facility......
Neurocrine Biosciences announced on Monday that it will acquire Soleno Therapeutics for $2.9 billion in cash, marking a strategic expansion into treatments for metabolic disorders. The deal includes a $53 per share offer, representing a roughly 34% premium over Soleno’s previous closing price. The......
India’s Supreme Court on Monday refused a plea by Vedanta, led by billionaire Anil Agarwal, to pause the acquisition of a bankrupt real estate company by the Adani Group, which includes $4 billion worth of assets, notably India’s only Formula One track. Vedanta had argued that its $1.8 billion......
French footwear and leather goods brand Minelli has once again been placed under judicial reorganization, two and a half years after a similar procedure led to the brand’s previous rescue, according to a court document obtained by AFP on April 6. The company had been under a safeguard procedure......
A recent rally in the Indian rupee has triggered a sharp increase in hedging activity, as importers move quickly to secure favorable exchange rates for future dollar payments. The appreciation of the currency follows measures introduced by the Reserve Bank of India to curb speculative trading and arbitrage......
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