In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,
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When it comes to the luxury real estate market, iconic homes carry a certain premium that is hard to fully quantify. Real estate experts suggest that buyers are often willing to pay extra for the pedigree that comes with owning a piece of pop culture history. Comparing it to owning a rare piece of art
Dutch digital bank, Bunq, is eagerly anticipating the acquisition of a banking license from U.K. financial regulators by the end of this year or the beginning of next year. CEO and founder, Ali Niknam, expressed his hopes during an interview at the Viva Tech conference in Paris. Niknam acknowledged the potential challenges that may arise
The idyllic town of Bellagio in Lake Como, Italy, is known for its stunning landscapes, luxurious villas, and celebrity sightings. However, the recent influx of tourists has started to take a toll on the local infrastructure. Boat drivers, who ferry tourists around the lake to admire the picturesque views, have started to voice their concerns
With the changing landscape of the job market, many companies are moving towards a new form of hiring that focuses more on the skills of applicants rather than traditional metrics such as education or years of experience. Recent reports and data show a significant shift in the hiring processes of many organizations, indicating a trend
The recent rise in the price of WTI crude oil, as indicated by the chart, can be attributed to several key factors. Firstly, the upcoming OPEC+ meeting scheduled for 2 June has created a sense of optimism among investors. Additionally, expectations of high fuel demand due to the start of the summer driving season and
China’s Shanghai city recently announced a series of support measures aimed at boosting its struggling property sector. These measures include a reduction in down payment requirements, lower minimum mortgage rates, easing restrictions on home purchases, and reducing the required years of social security or income tax payments for non-Shanghai residents. As a result of this
The recent tornado-spawning thunderstorms that swept through the Southern Plains and the Ozark Mountains have left a trail of destruction in their wake. The death toll stands at a staggering 21 people across four U.S. states, with hundreds of buildings destroyed in the process. The scale of the damage is truly alarming, and it serves
In a recent meeting of the G7 finance chiefs in STRESA, Italy, a draft statement revealed discussions on utilizing the future income from frozen Russian assets to assist Ukraine. This move comes after the G7 and its allies froze approximately $300 billion of Russian assets following Moscow’s invasion of Ukraine in February 2022. The aim
The recent release of CPI figures indicates a slowdown in inflation, leading to speculation of a potential rate cut. This development has weakened the dollar and consequently boosted the value of assets priced in dollars, such as BTC/USD. As a result, the price of Bitcoin has surged to a May high. There is sustained demand
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