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Gucci owner Kering profits slump in 'trying year'
Gucci owner Kering profits slump in 'trying year'
by  AFP

French luxury giant Kering on Thursday reported a drop in 2023 earnings but vowed to press on with its investment strategy to put flagship brand Gucci "back on track". "Our priority is to get Gucci back on track," Pinault said, warning that this "won't happen overnight".

Gaza war paralyses Israeli tourism for third year
Gaza war paralyses Israeli tourism for third year
by  AFP

In Israel's biblical city of Nazareth, the basilica is empty, restaurants and shops that usually thrive on Christian pilgrims are closed, and many hotels have been shut for months. The economy of Nazareth, set in the hills of northern Israel, is heavily dependent on Christian pilgrims, making it a bellwether for Israel's tourism industry on the whole.

Germany sends frigate to help secure Red Sea shipping
Germany sends frigate to help secure Red Sea shipping
by  AFP

A German navy frigate set sail for the Red Sea on Thursday with the aim of protecting commercial ships from attacks by Yemeni rebels, as part of a planned European Union mission. The frigate's mission still needs to be confirmed by the German parliament and the European Union, however.

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