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Bottega Veneta holds investors' aces as Madonna pops into D&G
As Milan Fashion Week nears its end, fashionistas are eagerly awaiting Bottega Veneta's Saturday show -- as are investors seeing the brand's sales rise each year. Earlier Saturday, the fashion set got a surprise at the Dolce & Gabbana show with Madonna in the front row -- her face barely visible under a black lace veil.
Environmental protesters block French cruise liner port
Environmental activists blocked the cruise ship port in the southern French city of Marseille on Saturday to protest against the sea, air and climate pollution generated by these huge vessels. "Our air, our seas and our health are not up for negotiation," it said.
Ethiopians struggle with bitter pill of currency reform
In a small fashion store in Ethiopia's capital, Medanit Woldegebriel's dresses have almost doubled in price in the past two months, sending customers fleeing. Buying a few tomatoes and some school books for his children, one shopper in Merkato said prices were up by a third across the board.
Boeing CEO says ending strike 'a top priority'
Ending a strike involving more than 30,000 of Boeing's Seattle-area workers is "a top priority" for the aviation giant, chief executive Kelly Ortberg said in a message to staff Friday. "Ending the strike is a top priority," said Ortberg.
Can an ambitious Milei make Argentina an AI giant?
Argentina's President Javier Milei has plans to turn his country, which has one of the lowest rates of artificial intelligence (AI) use on the continent, into a world leader in the field.
US Fed dissenter calls for 'measured' pace of rate cuts
The sole holdout in the US Federal Reserve's 11-to-1 vote cementing a larger interest rate cut said Friday that the move "could be interpreted as a premature declaration of victory." "I see the risk that the Committee's larger policy action could be interpreted as a premature declaration of victory on our price stability mandate," Bowman said.
Central banks face 'difficult balancing act': IMF chief
Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday. "Central banks face a difficult balancing act," Georgieva said.
US nuclear plant Three Mile Island to reopen to power Microsoft
Three Mile Island, the site of America's worst nuclear accident, will restart operations to provide power to Microsoft, Constellation Energy announced Friday. Constellation Energy expects the Three Mile Island reactor to go back online in 2028.
UK economic data delivers fresh blow to new govt
UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget. - 'Tough decisions' - Friday's data also showed "the highest August borrowing on record, outside the (Covid) pandemic", Darren Jones, a senior official at the UK Treasury, said in a statement.
AFP
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