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Miuccia Prada's path from activist to top designer
As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women's rights wearing an Yves Saint Laurent suit. Ironically, her first women's ready-to-wear show in Milan in 1988, all in black and white, was not well received, with critics considering it too austere.
Italy's Prada agrees to buy rival Versace for 1.25 bn euros
Italian fashion house Prada announced Thursday it had reached a deal with US group Capri Holdings to buy its flashy rival Versace for 1.25 billion euros ($1.38 billion). In 2018, Capri paid 1.83 billion euros (then $2.1 billion) to acquire Versace, which was previously owned 80 percent by the Versace family and 20 percent by the US investment fund BlackRock.
US consumer inflation cools in March on falling gas prices
US consumer inflation cooled last month on plunging gas prices, according to government data published Thursday, as consumers and businesses waited nervously for President Donald Trump's sweeping tariffs to come into effect.
Five things to know about Versace
Italian fashion giant Versace, the long-held family business known for its flashy, sexy designs and Medusa head logo, will now become part of Prada, its larger rival and polar opposite in terms of style. Made from silk and lycra, with a sharply plunging neckline and a long slit up the side, the dress was held together by several oversize golden safety pins.
Cannes Festival: Films in competition
Nineteen films were announced Thursday in the main competition at Cannes Film Festival, which kicks off on the French Riviera on May 13. - 'Sentimental Value' by Joachim Trier (Norway) - A comedy drama featuring a filmmaker trying to reconnect with his daughters from a director whose last feature "The worst person in the world" also premiered in competition at Cannes in 2021.
Shanghai finance workers worry after front-row seat to tariff turmoil
As stock prices flashed across a huge screen at a bustling intersection in China's business hub Shanghai, finance workers shared their concerns after getting front-row seats to the global market turmoil wreaked by Donald Trump this week.
Trump tariffs weigh on Germany as institutes cut forecasts
Leading economic institutes Thursday slashed their 2025 growth forecast for Germany to near stagnation, warning Europe's struggling top economy will face extra pain from US President Donald Trump's tariff blitz.
Taiwan's TSMC says first quarter revenue up 42 percent
Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty. TSMC chairman and chief executive C.C. Wei has said the firm expected "2025 to be another strong growth year" as AI-related demand continues to surge.
Vietnam says it will start trade talks with United States
Vietnam and the United States agreed to start negotiations on a reciprocal trade agreement, Hanoi said on Thursday, hours after Washington delayed imposing an enormous tariff on the Southeast Asian manufacturing powerhouse.
AFP
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