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20028 articles published since 08 Mar 2022

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Italy's luxury brands shaken by sweatshop probes
Italy's luxury brands shaken by sweatshop probes
Economy

A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Italy's government has gone on the offensive, with Industry Minister Adolfo Urso saying the reputation of Italian brands was "under attack".

What are 'rare earths' for?
What are 'rare earths' for?
Economy

Crucial for making smartphones, fighter jets and electric cars, "rare earth" metals have become a strategic bargaining chip since main producer China this year introduced restrictions on their exports. - Fighter jets, golf clubs - Aviation is a major consumer of rare earths, especially for military plane manufacturing.

San Francisco sues producers over ultra-processed food
San Francisco sues producers over ultra-processed food
Economy

San Francisco is suing makers of the ultra-processed food that health experts say has led millions of Americans into obesity during decades of over-consumption, the city said Tuesday. "These companies created a public health crisis with the engineering and marketing of ultra-processed foods," San Francisco City Attorney David Chiu said.

Trump hints economic adviser Hassett may be Fed chair pick
Trump hints economic adviser Hassett may be Fed chair pick
Economy

US President Donald Trump on Tuesday hinted that he wants to nominate his chief economic adviser Kevin Hassett to replace outgoing Federal Reserve Chairman Jerome Powell next year. Hassett, a PhD economist, is currently chair of the National Economic Council, a White House body which advises the president and his cabinet on policymaking.

Prada completes acquisition of flashy rival Versace
Prada completes acquisition of flashy rival Versace
Economy

Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Versace's lustre had been waning in recent years, unlike that of the Prada Group, which is in robust health, fuelled by strong sales of its younger Miu Miu Line.

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