Nicolas Thomas

Mehul Choksi, Indian jeweller wanted for bank fraud, arrested in Belgium

Indian jeweler Mehul Choksi was wanted by the Indian government for a $1.8bn bank fraud.

April 14, 2025 at 06:49 pm

J Sainsbury: Price wars amongst UK retailers

With the publication of Sainsbury's annual results fast approaching on Thursday, the UK's second-largest food retailer could follow Tesco's lead in lowering its profit outlook for the year in a bid to gain pricing flexibility. A potential decision that would be interpreted as a new episode in the rising price tensions between the sector giants.

April 14, 2025 at 06:37 pm

Italy's Gianluigi Aponte to buy CK Hutchison's ports

After China blocked BlackRock's takeover of the ports, Gianluigi Aponte, owner of MSC, is now trying to buy Panama Canal's 43 ports.

April 14, 2025 at 06:24 pm

FDA no longer wants animal testing in laboratories

Shares in suppliers of laboratory test animals plummeted yesterday after a major announcement by the Food and Drug Administration (FDA) that it is set to drastically reduce the use of these methods in the development of new drugs.

April 11, 2025 at 08:37 pm

London says yes to Shein, but Beijing keeps control of its IPO

Shein has finally obtained the go-ahead from London for its IPO, but is still awaiting Beijing's decision. At the same time, the elimination of the "de minimis" tariff loophole and the tariffs announced by Donald Trump could further delay the operation.

April 11, 2025 at 08:01 pm

EU puts pressure on Washington with tech tax threat

Donald Trump has announced a 90-day truce on tariffs. The European Union remains lucid, saying that without a deal, a big tech tax could emerge.

April 11, 2025 at 04:17 pm

White House close to trade agreements with several countries

While the US President has announced a pause on tariffs, negotiations continue between the US and international leaders.

April 10, 2025 at 10:39 pm

Kering in talks to sell real estate in Milan for over $1.4bn

April 10, 2025 at 09:47 pm

Google releases its own AI chip, Ironwood

Alphabet has finally unveiled its AI chip, Ironwood. This chip is totally designed for various AI applications and, once again, focuses on energy consumption.

April 10, 2025 at 08:45 pm

LVMH struggles to make its Louis Vuitton workshop in Texas shine

The French luxury goods group has been trying for several years to locate part of its production in the United States. However, a Reuters investigation highlights the many difficulties encountered in this process.

April 10, 2025 at 08:28 pm

Beijing strikes back, trade war escalation continues

China announced on Wednesday that it would raise its tariffs on US products to 84% from Thursday, up from 34% previously. The decision marks a further escalation in the global trade war unleashed by US President Donald Trump.

April 09, 2025 at 09:56 pm

Universal Studios set to open its first European theme park near London

Comcast, Universal's parent company, announces the construction of a Universal theme park in Europe. This will be the first park for the group, which owns a number of major pop-culture IPs.

April 09, 2025 at 06:05 pm

Under pressure, Taiwan speeds up customs negotiations

Taiwan hopes to quickly reach an agreement with the United States to resolve the tariff issue, and has already begun talks with Washington, a senior Taiwanese official said on Wednesday.

April 09, 2025 at 05:42 pm

European luxury goods more fragile than ever

Hopes of a recovery in the luxury goods sector are fading as turmoil in financial markets, fanned by Donald Trump's new tariffs, raises fears of a global recession. This uncertainty undermines expectations that affluent American consumers could compensate for weak Chinese demand.

April 09, 2025 at 03:29 pm

Investing with composure in the midst of a stockmarket storm

Today's markets are rife with uncertainty. At times like these, it's best to be wary of improvised advice and seductive theories. Only hard data can be objective. Human decisions, however, can turn the world economy on its head overnight.

April 08, 2025 at 10:22 pm

Vietnam wants to rebalance its trade balance with the US

On Monday evening Hanoi announced its intention to buy more American products, including from the defense and security sectors, in a bid to reduce its trade surplus with the United States. Prime Minister Pham Minh Chinh also called for a 45-day delay before the tariffs announced by Washington take effect.

April 08, 2025 at 05:37 pm

Samsung beats expectations thanks to anticipating tariffs

South Korea's technology giant exceeds expectations, with many orders, in anticipation of tariffs.

April 08, 2025 at 05:31 pm

BYD launches Denza, a premium brand to drive growth in Europe

Chinese automaker BYD is looking to expand its presence in Europe, and to mark the occasion, is announcing the arrival of its top-of-the-range Denza subsidiary for European consumers.

April 08, 2025 at 04:39 pm

LVMH makes huge shakeup in management of its flagship houses

LVMH is reorganizing its management teams at a time when the group is facing a slowdown in consumption in several key markets, notably China, and a climate of economic uncertainty weighing on the various luxury segments. Faced with these challenges, the luxury giant is counting on experienced, international profiles to lead its iconic houses.

April 08, 2025 at 04:24 pm

The European Union favors negotiations with Washington

While the trade ministers of the 27 European Union countries met in Luxembourg on Monday to discuss trade tensions with the United States, Ursula von der Leyen, the European Commission's President, spoke in Brussels. Two venues and a common message: the priority is de-escalation, without ruling out a firm response.

April 08, 2025 at 04:10 pm

Microsoft winds down its Wicresoft joint venture in China

April 07, 2025 at 05:56 pm