Luxury brand Loro Piana is now under court supervision following serious allegations of worker abuse, Reuters reports. This step seeks to guarantee strict adherence to labor laws as the iconic cashmere maker faces increasing scrutiny over its practices
Amid the ongoing Air India investigation, the US FAA and Boeing have confidently reaffirmed that fuel switch locks on aircraft are completely safe, according to documents and sources cited by Reuters. This strong safety assurance aims to put recent worries firmly to rest
The EU is urging China to ramp up its climate action ahead of critical global talks, emphasizing the pressing need for stronger commitments to cut emissions and combat climate change, Reuters reports
French President Emmanuel Macron delivered a compelling call for the UK and France to break free from their dependence on the US and China, stressing that protecting national sovereignty and economic stability is crucial. He fervently championed a bold leap toward stronger European strategic autonomy
Japan’s wholesale inflation took a breather in April, easing concerns over skyrocketing prices and reducing the urgency for the Bank of Japan to hike interest rates, Reuters reports. This cooling trend could signal a shift in the future path of monetary policy
Ghana is raising the alarm over looming power cuts as energy demands skyrocket, while Italy’s Eni ramps up its drive to increase gas supplies. This bold move aims to secure reliable electricity and fuel economic growth, Reuters reports
Brazil has limited options to dodge the U.S. tariffs imposed during the Trump era, but surprisingly, the nation is handling the challenge far better than expected. Backed by robust trade agreements and a wide variety of exports, Brazil is effectively softening the economic blow, Reuters reports
China’s Chery and BYD could face repayment of subsidies after a government audit revealed funding irregularities. This probe highlights the increasing regulatory scrutiny as authorities ramp up oversight on automakers
The UK economy contracted for the second consecutive month this May, raising fresh concerns about its growth outlook. Experts warn that ongoing challenges could seriously hinder future progress
Brazil’s President Lula has fired back with a bold promise of reciprocal measures following former U.S. President Trump’s tariff announcement, signaling a potential escalation in trade tensions. This latest move underscores the ongoing challenges that continue to define Brazil-U.S. economic relations
Italy has revealed an ambitious plan to exit the EU deficit procedure by 2026-earlier than expected-showcasing impressive progress in slashing its budget deficit and strengthening fiscal stability, Reuters reports
German industrial output surged an impressive 1.2% in May, surpassing analyst predictions, Reuters reports. This unexpected boost showcases the remarkable resilience of Germany’s manufacturing sector despite persistent global economic headwinds
Australia’s central bank caught markets off guard by holding interest rates steady at 3.85%, bucking widespread expectations of a hike. The Reserve Bank highlighted economic uncertainty and easing inflation as the main reasons for pressing pause this time around
The UK government is taking a powerful stand by banning employers from using NDAs to silence workers who report abuse. This bold move aims to promote transparency and empower victims to speak out freely, without the fear of legal consequences, Reuters reports
A U.S. judge has ordered Argentina to surrender its stake in YPF, escalating the fierce battle over a colossal $16.1 billion judgment and turning up the heat in the high-stakes struggle over debt repayment and sovereign assets, Reuters reports
Germany is gearing up to launch an exciting six-month voluntary military service program, officials revealed to Reuters. This bold initiative aims to bolster the armed forces amid rising geopolitical tensions, while inspiring a fresh wave of young recruits to answer the call and serve their country
Illegal loggers are cashing in on Brazil’s carbon credit projects, dealing a severe blow to efforts against deforestation. Reuters reveals how these schemes exploit loopholes, threatening crucial environmental and climate goals
Retailers who embraced Made in the USA products quickly found that higher prices posed a challenge for their customers, Reuters reports. Although the shift aimed to boost local manufacturing, it faced an uphill battle winning over shoppers watching their wallets
China’s rare earth export controls are doing more than just tightening Beijing’s hold on a vital resource-they’re disrupting global supply chains and pushing manufacturing costs higher worldwide. This bold strategy is intensifying trade tensions, Reuters reports
Tesla’s car sales in Germany stumbled again in June, Reuters reveals. This drop highlights the intense competition and mounting challenges Tesla is up against from powerful local EV makers dominating the German market
