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French budgetary situation 'very serious': prime minister
France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances. "I am discovering that the country's budgetary situation is very serious," Barnier said in a statement to AFP. "This situation requires more than just pretty statements.
Fashion's Game of Thrones as creative heads play musical chairs
Who will take over at Chanel and where will Pierpaolo Piccioli go now that he has left Valentino? Not a month has gone by this year without its share of shock announcements: Piccioli left Valentino in March after more than two decades, with the Roman luxury brand announcing within a week the arrival of former Gucci head Alessandro Michele, whose official debut comes in Paris later this month.
Tupperware Brands files for bankruptcy
Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. The company said Tuesday it would seek court approval to continue operating during the bankruptcy proceedings and also seek approval for a sale process for the business to protect its brand.
'End of an era': UK to shut last coal-fired power plant
Ratcliffe-on-Soar Power Station has dominated the landscape of the English East Midlands for nearly 60 years, looming over the small town of the same name and a landmark on the M1 motorway bisecting Derby and Nottingham.
Boeing not taking strike talks seriously, union says
The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.
Local, foreign firms facing months of recovery in storm-hit Vietnam
Factory roofs blown off, products worth millions of dollars destroyed, supply chains disrupted: Typhoon Yagi has had a disastrous impact on local and global companies in northern Vietnam who could take months to recover, business leaders warn.
Women drive innovation, evolution of Chinese wine industry
As the female winemaker who put Chinese vintages on the map for the first time, Zhang Jing of Helan Qingxue winery is a trailblazer, but no anomaly. Aside from Helan Qingxue, many of its best-known producers -- Silver Heights, Kanaan Winery, Jade Vineyard -- are women-led.
Cash-strapped Sri Lanka eyes China development
Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. When the island nation plunged into chaos, CIA chief Bill Burns blamed its economic collapse on what he called "dumb bets" on Chinese-funded projects.
Asian markets fluctuate on uncertainty over Fed rate plan
Asian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data. Still, Asian markets fluctuated.
AFP
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