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Ex-Gucci star Michele named Valentino creative director
Italian luxury fashion brand Valentino on Thursday named Alessandro Michele, the former high-flier at Gucci, as its new creative director. Last week, Valentino said its 25-year collaboration with creative director Pierpaolo Piccioli had ended, and on Monday it said it would cancel its upcoming Men's and Haute Couture fashion shows planned for June.
'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
The Dutch government on Thursday unveiled a plan worth 2.5 billion euros to retain global firms like chip giant ASML amid fears of a far-right clampdown on immigration. "If investment plans change, these forecasts and the required commitment will be adjusted," warned the Dutch government.
China's competitive car market at heart of global EV revolution
China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on Thursday. And Xiaomi, the world's third-biggest smartphone maker, entered the fray on Thursday.
China's Xiaomi enters car market with new electric vehicle
Chinese consumer tech giant Xiaomi launched its first electric vehicle in Beijing on Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.
Poland, Ukraine hail 'step forward' on farm imports dispute
Poland's prime minister on Thursday hailed the progress made in talks with Ukraine on farm imports and border blockades by Polish farmers that had frayed ties between the neighbouring allies. Talks between ministers from both governments are also scheduled for Thursday, to discuss defence cooperation between the allies.
Financial crisis at UK's biggest water supplier worsens
Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable". The company added it was in "ongoing" talks with industry regulator Ofwat over a plan that is "affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors".
UK greenhouse gas emissions fell 5.4% in 2023: data
UK greenhouse gas emissions fell by 5.4 percent in 2023, largely due to a reduction in the amount of gas used in power stations, according to official data published on Thursday. Gas use for electricity generation fell 21.1 percent in 2023, "primarily due to higher electricity imports from France, as well as UK electricity demand continuing to decline", said the report.
German court rules against Mercedes in emissions case
A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opening the door for owners to seek compensation. It was not immediately clear how much Mercedes might have to ultimately pay out, or how many vehicle owners may seek to claim compensation.
Poland, Ukraine hold talks on farm imports dispute
Poland's prime minister on Thursday hosted his Ukrainian counterpart for long-awaited talks designed to ease friction over Ukrainian farm imports and border blockades by disgruntled Polish farmers.
AFP
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