LVMH
It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to know
European firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have announced layoffs. Banks such as Commerzbank, HSBC, and UBS are also cutting jobs. Industrial companies like STMicroelectronics and Syensqo are adapting to volatility. Retail chains like Auchan and luxury brands like Burberry and LVMH are undergoing changes. ProSiebenSat.
Trump drafts America's business titans to burnish his image at home and abroad
American business leaders are trying to get close to Donald Trump. They want relief from regulations and tariffs. Trump uses them to project a booming economy. But access does not guarantee protection from Trump's anger. CEOs are figuring out how to influence Trump. Some executives find it difficult to relay their views.
US tariffs could make your next Champagne bottle way more expensive
French champagne producers face significant challenges as rising US tariffs threaten their largest export market. A 20% tariff on French wines and spirits is causing widespread concern, with smaller producers fearing the unraveling of established relationships with US distributors. The European Commission's emergency support package aims to mitigate the impact, but industry leaders predict a sales decline.
British beauty brands set to glam up Indian market as Nykaa, Tira prep for the glow
India and UK free trade agreement will reduce duties on cosmetics. This will lead to more affordable beauty product imports from the UK. Companies like The Body Shop plan to increase imports. Retailers such as Nykaa and Reliance Tira will also benefit. The policy will help meet the growing demand of young Indian consumers.
‘72-hour rule’: Debt investors take fright at Donald Trump’s social media deluge
Navigating President Trump's unpredictable social media policy announcements has forced credit investors and bond arrangers into defensive strategies. Firms are now employing tactics like waiting 72 hours before reacting to pronouncements and accelerating bond sales to outpace potential market volatility.
High-end department store retailer Saks launches Amazon storefront
Saks Fifth Avenue is launching a storefront on Amazon Luxury to sell designer goods from brands like Dolce&Gabbana and Balmain. Operated as a third-party store, Saks will manage its own inventory and fulfillment, expanding access to Amazon’s luxury-focused customers while deepening engagement insights.
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Without Wu, will top-end luxury be luxurious?
Chinese manufacturers are subtly suggesting they produce luxury goods for brands like Hermes and Louis Vuitton, offering the same quality without the hefty logo markup. This challenges the pillars of luxury: quality, scarcity, and brand prestige.
European shares hold losses after ECB eases borrowing rates as expected
European shares held their losses on Thursday after European Central Bank eased borrowing rates as expected, while investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump's erratic trade plans.
Your Birkin and Kelly bags just got pricier! Hermès to make US shoppers foot the tariff bill
Hermes plans to offset U.S. tariffs by increasing prices on all products sold there starting May 1st, impacting its wealthy clientele. Despite this move, first-quarter sales rose 7%, falling short of expectations due to low inventories. While U.S. sales show double-digit growth, the company remains cautious due to geopolitical uncertainty and potential tariff implications.
European shares turn lower ahead of ECB's policy decision
European shares were mixed on Thursday as investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump's erratic trade policies, while awaiting European Central Bank's policy decision later in the day.
Trump's trade war ripples through the business world, hits stocks again
Donald Trump's trade war impacts various industries. US stock markets face pressure. Tech stocks are hit hard. Airlines prepare for an uncertain summer. The Federal Reserve notes slowing economic activity. Trade talks with Japan are underway. Business leaders worry about stalled spending plans. The US and China remain in a trade war. Consumer sentiment has deteriorated.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets surged on Tuesday, with Sensex rising 1,577 points and Nifty 500 points, as Trump's tariff exemptions spurred broad-based buying across sectors despite weak earnings forecasts.
Why stock market rose today: Sensex ends 1,577 pts higher; Nifty above 23,300; 6 key factors behind today's rally
Stock Market Today: Private sector lenders HDFC Bank and ICICI Bank each gained around 3%, with Jefferies noting that declining deposit rates are a positive for the banking sector. Combined, the two banks added 638 points to the Sensex’s over 1,500-point rally.
European shares rise after Trump touts auto-related tariff break, LVMH slumps
The auto and parts index rose 2.5%, leading gains among sectors, after U.S. President Donald Trump said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other countries.
Will Trump's tariff reversal spark a global trade war or help foster negotiations?
Donald Trump's tariff policies create confusion for businesses. Companies face soaring costs and supply chain issues. A temporary pause offers little relief. Uncertainty impacts investment and hiring decisions. Some companies built up inventory. Weaker consumer confidence hurts sales. The outlook for earnings season is gloomy. Some companies may lay off staff if tariffs remain.
Trump's tariff flip-flopping may have been to 'manipulate markets', Senator Elizabeth Warren calls for probe
Senator Elizabeth Warren has demanded a formal investigation into whether President Donald Trump manipulated the stock market to benefit his Wall Street donors, while working Americans and small businesses bore the brunt of the costs. Her call for scrutiny comes after a series of controversial moves from Trump surrounding his social media post and tariff announcement.
LVMH finds making Louis Vuitton bags messy in Texas
Louis Vuitton's Texas factory, inaugurated with fanfare by Bernard Arnault and Donald Trump, has struggled with production due to a shortage of skilled labor and high waste. Despite tax breaks and promises of numerous jobs, the plant has underperformed, leading to quality control issues and internal pressure.
World’s 10 richest billionaires add $135 billion in wealth after Trump’s tariff pause; Musk, Zuckerberg see biggest surge
Global billionaires gained $135 billion after Trump announced a 90-day tariff pause for most nations, sparking a historic Wall Street rally. The "Magnificent Seven" stocks surged, boosting top tech leaders' net worths. However, US-China tensions worsened with mutual tariff hikes and restrictions on American firms.
Donald Trump's tariff bomb triggers historic $10 trillion market crash, massive hit equals 50% of EU’s total economy
Donald Trump’s tariff policies have triggered a historic $10 trillion loss in global market value, with U.S. tech giants like Apple and Amazon suffering massive drops. This market crash is hitting economies worldwide, creating widespread instability. Experts warn that without trade negotiations, the volatility could persist, signalling a possible shift away from the global stability led by the U.S.
Donald Trump tariffs effect: HONDA, Hyundai, LG, Samsung, VOLKSWAGEN, Volvo and others eyeing setting up business in USA to tackle duties, claim reports. Full list is here
Donald Trump has issued a flurry of tariffs in an effort to rewire the global economy.
From Ambani to Adani: India's 4 richest billionaires lose over $10 billion in bloody Monday market crash
India’s top four billionaires lost $10.3 billion amid a steep market selloff driven by global trade tensions and US recession fears. Broader indices tumbled sharply, impacting sectors across the board. Despite global wealth erosion, Warren Buffett gained $12.7 billion, defying the bearish trend.
Wall Street's old man Warren Buffett made $13 billion while billionaires are losing billions in market crash
As global markets reel from President Trump's historic tariff hikes, wiping out $8 trillion in value, Warren Buffett stands out by adding $12.7 billion to his fortune in 2025. While billionaires like Musk, Bezos, and Gates see steep losses, Buffett’s pivot to Japanese trading houses lifts Berkshire Hathaway past $1.14 trillion in market cap, defying recession fears.
Emanuel Macron’s Elysée Palace antics exposed: Bombshell book claims president drenches in cologne, sports ugly sunglasses to dominate guests
A new book exposes French President Emmanuel Macron's peculiar habits such as using excessive cologne and offering guests unattractive sunglasses. These behaviors are seen as deliberate tactics to assert dominance and control. The cologne acts as a power play, while the sunglasses serve to subtly mock forgetful visitors, enhancing Macron's strong and assertive image.
Elon Musk, Jeff Bezos among billionaires who lost $208 billion in one day after Trump tariffs
Global billionaires lost a combined $208 billion in a single day after Trump’s tariff announcement rattled markets—the fourth-largest drop in Bloomberg Billionaires Index history. Over half saw declines averaging 3.3%, with US billionaires hit hardest. Carlos Slim gained as Mexico was spared, and the Middle East was the only region to post net wealth gains.
Europe's Stoxx 600 falls 2.7% as investors grapple with tariff fallout
European shares experienced their biggest daily loss in eight months due to fears of an escalating trade war after U.S. President Trump announced hefty tariffs. The STOXX 600 fell 2.7%, with significant losses in German, Italian, and French stocks. Investors moved to safer assets amid market volatility.
European shares sink as Trump's aggressive tariffs threaten economic growth
European shares hit a two-month low as new U.S. tariffs heighten economic growth concerns. Germany's stocks dropped 1.8%, with Wall Street futures down 3.1%. U.S. President Trump's tariffs impact trade with the EU and China. Eurozone banks fell 3.5%, Adidas and Puma plummeted over 9%, and luxury goods firms experienced declines. ECB rate cuts are now anticipated.
Tech titans dominate Forbes Billionaires List 2025, Mukesh Ambani leads in India, Gautam Adani slips to 28th
Forbes' World's Billionaires List for 2025 reveals a surge to 3,028 billionaires, collectively holding $16.1 trillion. Elon Musk leads with $342 billion, while Alice Walton remains the richest woman at $101 billion. The United States tops with 902 billionaires, followed by China and India.
Luxury fashion giants like Chanel, L'Oreal Luxe bet big on India's beauty boom
Chanel and other luxury brands are expanding their beauty segments in India, managing their retail spaces independently to better align with consumer preferences. Chanel has opened multiple new beauty and fragrance stores, launched an e-commerce platform, and brands like L'Oreal Luxe are opening exclusive brand outlets, signaling significant demand growth in this sector.
Hurun Top Ten Global Billionaires: Trump’s top aide beats Jeff Bezos. Check who are the world's richest
Elon Musk has reclaimed his title as the world's wealthiest person with a net worth of $400 billion. His fortune saw an 82% increase due to Tesla's soaring stock price, positioning him ahead of Jeff Bezos and Mark Zuckerberg. Bezos maintains second place with $266 billion.
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