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European businesses brace for Trump return
European businesses brace for Trump return
by  AFP

The return of Donald Trump and his protectionist agenda to the White House will likely rock US trade relations with the world, including Europe. The World Trade Organization deemed the tariffs illegal in 2021 but the United States has yet to follow the WTO ruling.

Cartier owner's profit sinks as China sales slump
Cartier owner's profit sinks as China sales slump
by  AFP

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
UN aims to set standards for scandal-hit carbon markets
by  AFP

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
After Trump win, EU leaders tackle 'urgent' reform agenda
by  AFP

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
France expects massive slump in 2024 wine harvest
by  AFP

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 multiple risks for banks
by  AFP

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.

Pharrell Williams to bring star power to Web Summit tech event
Pharrell Williams to bring star power to Web Summit tech event
by  AFP

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.