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China to hold third Belt and Road forum next week
China to hold third Belt and Road forum next week
Business and Economy
by  AFP

China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday, confirming the details of an event that several foreign leaders are expected to attend -- including Vladimir Putin. He will also "hold a welcome banquet for foreign leaders and heads of international organisations attending the forum", she added.

Birkenstock to target $8.6 bn IPO valuation: reports
Birkenstock to target $8.6 bn IPO valuation: reports
Business and Economy
by  AFP

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.

Birkenstock to target $8.6 bn IPO valuation: media reports
Birkenstock to target $8.6 bn IPO valuation: media reports
Business and Economy
by  AFP

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, will be priced at $46, the Wall Street Journal, CNBC, and other media reported.

EU warns Musk's X spreading 'illegal' disinfo after Hamas attack
EU warns Musk's X spreading 'illegal' disinfo after Hamas attack
Technology
by  AFP

The EU's digital chief Thierry Breton warned Elon Musk on Tuesday that his platform X, formerly Twitter, is spreading "illegal content and disinformation", in a letter seen by AFP. The letter said concerns had heightened after the Hamas attack against Israel, and demanded Musk respond to the complaint within 24 hours and contact "relevant law enforcement authorities".

LVMH sales growth falters in third quarter
LVMH sales growth falters in third quarter
Business and Economy
by  AFP

The world's top luxury group LVMH said Tuesday that its third quarter sales were nearly flat at 19.96 billion euros ($21.2 billion), a one percent increase from the same period last year. Sales at the group rose 15 percent during the January-June period compared with last year, to hit 42.2 billion euros.