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Italian De Sarno appointed Gucci creative director
Italian Sabato De Sarno has been appointed creative director at Gucci, the luxury label and parent group Kering announced on Saturday. The designer from Naples succeeds Alessandro Michele, who left the Italian luxury brand in November after seven years as creative director.
UK airline Flybe ceases trading, cancels all flights
British airline Flybe said Saturday it had ceased trading and all flights had been cancelled. "Flybe has now ceased trading.
Elon Musk, White House discuss electric vehicles
Tesla head Elon Musk met with senior White House officials Friday to discuss the Biden administration's push to grow the electric vehicle market, Press Secretary Karine Jean-Pierre said. Jean-Pierre said Biden did not meet with Musk, but "it’s important that senior members of his team had a meeting."
Chevron defends buybacks as it posts $35.5 bn in 2022 profit
Chevron defended its new $75 billion share repurchase program from White House criticism Friday, as it reported record profits of $35.5 billion in 2022. In all, Chevron returned $11.25 billion to shareholders, repurchasing nearly 70 million shares, it said in an earnings release.
Court reduces spying sentence for Ikea France ex-boss
A French appeals court on Friday cut the sentence of a former Ikea France chief convicted in 2021 of setting up an illegal system to spy on staff and job applicants. Ikea France, sentenced to a one-million-euro fine in 2021, did not appeal.
Top French university bans students from using ChatGPT
A top French university on Friday forbade students from using artificial intelligence chatbot ChatGPT to complete assignments, in the first such ban at a college in the country. ChatGPT still makes factual mistakes, but education facilities in other countries have rushed to ban the AI tool.
Greek government survives vote over wiretap scandal
Greece's government on Friday easily survived a no-confidence vote called by the opposition over a long-running wiretap scandal in which top officials were targeted by state intelligence for months.
Key US inflation gauge slows in December on easing goods and energy costs
A key indicator of US inflation eased again in December, according to government data released Friday, opening the door to smaller interest rate hikes as efforts to cool the economy ripple through sectors.
Spain posts strong growth for 2022 despite inflation
Spain's economy grew faster than expected in 2022 as strong domestic consumption and a surge in investement offset worries over high inflation, officials figures showed Friday. The INE said the growth figures reflected a strong performance in spring when gross domestic product rose by 2.2 percent between April and June thanks to steady household consumption.
AFP
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