BusinessMember
China deploys its financial arsenal to green its industry
When one thinks of China, one rarely imagines a leader in the green economy. However, while Europe retains a certain lead in ecological transition, Beijing fully intends to reverse the trend. The government is investing massively in low-carbon projects. It is prioritising financing sectors deemed useful for the transition. It is now deploying an...
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BusinessMember
Luxury group Kering continues to tumble in first half, profit and sales plunge
Kering group, still weighed down by the difficulties of its flagship brand Gucci, announced on Tuesday a 46 percent plunge in its half-year net profit. This fell below 500 million euros. The new chief executive officer, Luca de Meo, is due to take office in mid-September to attempt to turn things around. Kering’s turnover, owner of Yves Saint...
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