The contrast between office life and the change of scenery provided by nature is the leitmotiv of the new men's collection unveiled in Milan on Sunday by emblematic stylist Miuccia Prada. It's the theme of "renewal and change, like nature (and) natural rhythms", that has inspired the 2023/24 autumn-winter collection, said Raf Simons, Miuccia Prada's creative co-director.
The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Israel-Hamas conflict could throw a spanner in the works.
The Emirati president of the UN climate conference in Dubai denied Wednesday reports that he sought to use his leadership of COP28 to pursue fossil fuel deals for his country. Leaked documents obtained by the BBC and the Centre for Climate Reporting alleged that talking points prepared for Jaber for COP28 meetings with foreign governments pushed joint business opportunities in fossil fuels.
Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring. The company said it would initiate insolvency proceedings at a Vienna court on Wednesday.
Uber is to roll out its service to London black cabs next year, it announced Wednesday, despite long-running friction between drivers of the traditional taxis and the US-based firm. Currently, black cabs are hailed as they drive on London's roads, but people will be able to use Uber to book them from early 2024, with drivers able to sign up to the service from Monday.
Shares in Dutch medical device manufacturer Philips plunged Wednesday after the US Food and Drug Administration warned that its new machine to help patients sleep risked overheating. The FDA advised patients using the company's DreamStation 2 machine to "carefully monitor" the device "for signs of overheating".
Spanish infrastructure giant Ferrovial announced it is offloading its remaining 25 percent stake in London's Heathrow Airport to a French private equity group and Saudi Arabia's sovereign wealth fund.
The dollar extended losses Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation. The more dovish comments, combined with falling yields and rate expectations has dragged on the dollar, and it extended losses Wednesday.
Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed. Berkshire Hathaway, where Munger served for decades as vice chairman under Buffett, announced it was "advised by members of Charlie Munger's family that he peacefully died this morning at a California hospital."
The US Federal Reserve is making good progress in its fight against inflation, senior bank officials said Tuesday, while voicing differing opinions on the chances of another interest rate hike.
Economy
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