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Author's articles
Cartier owner's profit sinks as China sales slump
Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector. Gucci owner Kering said its sales sank 15 percent in the same quarter due to slowing consumer spending in China.
UN aims to set standards for scandal-hit carbon markets
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Observers say it is possible that the text laying out standards for the voluntary system could pass more easily than decisions covering country-to-country carbon trading.
After Trump win, EU leaders tackle 'urgent' reform agenda
Reforming Europe's economy is all the more urgent following Donald Trump's US election win, warned the author of a blockbuster report, Mario Draghi, ahead of talks Friday with EU leaders in Budapest on tackling the challenge. They have become even more urgent after the US elections," Draghi said.
France expects massive slump in 2024 wine harvest
Unfavourable weather has likely slashed France's 2024 wine harvest by 23 percent compared to the previous year, the agriculture ministry said in an estimate published Friday. If confirmed, the figure would also be a 17-percent drop on the average for the past five years.
Climate change poses multiple risks for banks
Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the courtroom. - Reputation risk - The research done by NGOs like Finance Watch and Reclaim Finance evaluating bank lending in light of climate change is regularly used by media and has begun to tarnish their public image.
Sony quarterly net profit jumps but forecast unchanged
Sony's net profit jumped in the second quarter thanks to stronger sales in gaming, music and imaging sensors, the PlayStation maker said Friday but left its annual profit forecasts unchanged.
Pharrell Williams to bring star power to Web Summit tech event
Singer Pharrell Williams is due to kick off one of Europe's biggest tech events on Monday, the Web Summit in Lisbon, with organisers keen to move on from last year's edition when several big firms pulled out. Google, Meta and a string of other firms pulled out of last year's event after Web Summit chief executive Paddy Cosgrave wrote social media posts accusing Israel of war crimes in Gaza.
On Kinshasa's streets hairdressers make a quick buck
Standing in a makeshift salon on the side of a dusty backstreet in Democratic Republic of Congo capital Kinshasa Papy Kalume pulled a fresh razor out of his bag. Kalume did work "officially" for a few years in a regular salon.
Qantas plane returns to Australia airport due to 'engine failure', sparks fire
A Qantas plane made an emergency landing Friday due to a "contained engine failure" soon after taking off from Sydney Airport, sparking a grassfire on a nearby runway and causing several flights to be diverted. Eleven domestic flights were cancelled and four diverted to other airports, a Sydney Airport spokesperson said. lec/sco
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