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Caracas records 8.7 pct growth but Venezuelans lament economic woes
Venezuela's economy grew by 8.7 percent in the third quarter, the country's central bank announced Thursday, but residents told AFP they are still struggling to make ends meet. "Claiming that there is GDP growth is something positive, but I don't see prosperity or the end of the crisis," she told AFP. Venezuela's central bank has not reported on inflation for a year.
Women designers 'not getting the breaks' despite global fashion shake-up
In fashion at the moment, as seen on catwalks: frills, corsets, big shoulder pads, and "naked dresses". "I think that Chanel missed a really big opportunity in not hiring a woman to run a house that was founded by the most famous woman and influential person in fashion," she told AFP, referring to Gabrielle "Coco" Chanel.
Hermes menswear designer Nichanian to step down after 37 years: company
Hermes chief menswear designer Veronique Nichanian is to step down after 37 years in charge and will present her final show for the luxury house in January, the company announced on Friday. She said she was leaving the house "with joy and pride", after enjoying "37 years of creative freedom."
Spanish police keep Mango founder death probe open
Spanish police confirmed Friday that their probe into the sudden death last year of Mango clothing empire founder Isak Andic remains open following reports his son has become a suspect. Contacted by AFP, Catalan regional police sources confirmed that an investigation is ongoing without giving further details because the case remains under judicial secrecy.
Maritime sector to decide on plan to cut emissions opposed by US
Member states of the International Maritime Organization will decide on Friday whether to formally adopt a plan to cut carbon emissions in the face of opposition from the United States. "I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax," US President Donald Trump wrote on his Truth Social platform Thursday.
Asian stocks fall with Wall St as US credit fears add to worries
Asian stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a possible tech bubble and the US government shutdown. Crude prices extended losses on worries about China-US tensions, with selling also coming from news that Trump will meet Russian counterpart Vladimir Putin to discuss ending the conflict in Ukraine.
Europe 'well positioned' for future shocks: ECB's Lagarde
Europe, under pressure from US tariffs and the war in Ukraine, is in a strong position to weather the next economic storm, ECB President Christine Lagarde said Thursday. "We have to face key risk in quantities that we could not anticipate," she said, citing, among other things, customs pressures and the ongoing war in Ukraine.
BBVA's Sabadell takeover bid fails: Spanish regulator
Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, the stock market regulator announced on Thursday, dashing BBVA's hopes of creating a new European sector colossus. The leadership of Sabadell, Spain's fourth-largest bank, had persistently rejected BBVA's advances and recommended its plethora of small shareholders reject the bid.
'Battlefield' video game sees big-time sales
The latest installment of military video game "Battlefield" hit the market with sales rivaling that of blockbuster rival "Call of Duty," publisher Electronic Arts (EA) announced on Thursday. That is on par with sales reported for the October 2024 debut of the most recent "Call of Duty" game, a new installment of which is set for release next month.
AFP
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