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Milan Fashion week opens as luxury sector struggles
Milan Fashion week opens as luxury sector struggles
by  AFP

Flair and fanfare promise to light up the Milan Fashion Week catwalks starting Tuesday, but upcoming shows will struggle to distract from a worrying slump in the luxury sector. Gucci -- once the pride of fashion week but now the worst performer in Kering's portfolio -- kicks off the week-long party this week in Milan.

S. Korea's central bank cuts rate, growth outlook over tariff fears
S. Korea's central bank cuts rate, growth outlook over tariff fears
by  AFP

South Korea's central bank on Tuesday slashed interest rates and its annual growth forecast as it looks to bolster the economy in the face of US tariffs and the fallout from President Yoon Suk Yeol's brief declaration of martial law last year. Seoul's central bank on Tuesday also said employment had continued to slow.

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