Investors are growing skeptical of a long awaited turnaround at luxury house Gucci after sales slipped again in the first quarter.
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Why investors are turning cold on Gucci’s long-awaited turnaround strategy
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Companies are blaming AI for job cuts. Critics say it’s a ‘good excuse’
More companies are announcing AI-driven layoffs from Salesforce to Accenture. Twenty20 From tech to airlines, large global companies have been slashing staff as the real-world impact of artificial intelligence plays out, spooking employees. But critics say AI has become an easy excuse for firms looking to downsize. Last month, tech consultancy firm Accenture announced a […]
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Global week ahead: ‘Cockroaches’ crawling toward Europe?
Europe’s banks take center stage this week as earnings season gets underway, but with heavy losses across the sector on Friday, credit concerns appear to be making their way across the Atlantic at a particularly tricky time for the region’s lenders. Stock Chart IconStock chart icon Credit concerns hit European banks Last week, the biggest […]
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U.S. warns Hamas planning attack on Palestinian civilians in apparent violation of Gaza ceasefire
A general view of a U.S. State Department sign outside the U.S. State Department building in Washington, D.C., U.S., July 11, 2025. Annabelle Gordon | Reuters The U.S. State Department said Saturday that it has “credible reports” that Hamas could violate the ceasefire with an attack on Palestinian civilians in Gaza. If the attack takes […]
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