Governments and traders spent Monday assessing the energy fallout from the expanding war involving Iran, as disruption around the Strait of Hormuz renewed fears over one of the world’s most important oil corridors. Since the conflict began on Feb. 28, tanker traffic through the strait has largely stalled, raising concern that a prolonged interruption could restrict supply well beyond the…
Italian prosecutors in Rome have ordered 13 luxury fashion houses to submit detailed records on their corporate governance, internal controls and audit systems as part of a widening investigation into alleged labor exploitation in the sector. Judicial documents seen by reporters show that the request focuses on possible abuse of Chinese workers employed in subcontracted workshops that manufacture goods for…
Costco Wholesale Corp. has become the largest U.S. company so far to challenge former President Donald Trump’s sweeping import tariffs, asking a federal trade court to order a refund of the duties it has already paid. The warehouse-club retailer has filed suit in the U.S. Court of International Trade in New York, arguing that the levies, imposed under the 1977…
The Prada Group has completed its acquisition of Versace in a cash deal worth about $1.375 billion, bringing one of Italy’s most flamboyant fashion houses under the same umbrella as Prada’s more restrained aesthetic and its younger label Miu Miu. The transaction, finalized after regulatory clearances in major markets, ends Versace’s six-year spell under Capri Holdings and ranks among the…
Thanks to the AI Boom, early investors in Big Tech stocks like Nvidia (NVDA) became millionaires overnight. While growth will still occur, the likelihood for a similarly massive short term upside in those stocks has passed. As keen investors look for the next big win, a new investment opportunity has emerged in AI’s biggest challenge: Power. To satisfy the skyrocketing…
Deals marketed as some of the strongest of the holiday season are expected to keep shoppers across the United States glued to their screens as Cyber Monday caps the post-Thanksgiving buying rush. Online shopping has become embedded in everyday life, and each year the holiday period pushes spending to new highs. Data from Adobe Analytics suggest that U.S. consumers will…
Italian luxury group Giorgio Armani S.p.A. has appointed a new board to steer the company through a sensitive transition following the death of its founder, Giorgio Armani, at age 91 in September 2025. The announcement marks the first major governance step since his passing and activates succession mechanisms that the designer put in place years earlier to protect the independence…
