By Silvia Aloisi and Mimosa Spencer PARIS (Reuters) – French luxury goods group Kering has appointed Sabato De Sarno, a senior fashion designer at Valentino, as creative director of its top brand Gucci, it said on Saturday. At Gucci, he will be tasked with reviving the fortunes of a brand that accounted for two-thirds of…
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.” The lawyers were responding to a…
FRANKFURT (Reuters) – Ford executives have offered to hold talks with labour representatives over planned structural changes at the U.S. carmaker’s Cologne plant and other German sites but no concrete proposals have been put forward, a shop steward said on Saturday. Speaking at a media briefing in Cologne, the Ford site’s works council head Benjamin Gruschka said…
BEIJING (Reuters) – China’s cabinet said on Saturday it would promote a consumption recovery as the major driver of the economy and boost imports, state broadcaster CCTV reported, at a time of cooling global demand as major economies teeter on the brink of recession. At a meeting chaired by Premier Li Keqiang, China’s state council…
FRANKFURT (Reuters) – Bayer investor Deka has called for CEO Werner Baumann to be replaced ahead of his scheduled departure, adding to mounting pressure on the German drugmaker. “Bayer needs a new strategic positioning, which cannot be credibly accomplished under Werner Baumann,” Ingo Speich, head of sustainability and corporate governance at Deka, told the Frankfurter…
LONDON (Reuters) – British regional airline Flybe has ceased trading for the second time in three years, cancelling all flights to and from the United Kingdom, it said on Saturday. A statement on Flybe’s website said the airline, which operated scheduled services from Belfast, Birmingham and Heathrow across the UK and to Amsterdam and Geneva,…
PARIS (Reuters) – French luxury giant Kering appointed Sabato de Sarno as creative director of its star brand Gucci, it said on Saturday. De Sarno began his career at Prada in 2005, moving to Dolce & Gabbana, before joining Valentino in 2009, where he held several positions before being appointed fashion director overseeing both men’s…
By Kantaro Komiya TOKYO (Reuters) -Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the Sankei newspaper reported on Saturday. Japan will decide whether to ease the curbs on shipping high-tech materials, which it imposed in 2019 over…
(Reuters) – Regional British airline Flybe has ceased trading and cancelled all scheduled flights, the company said on Saturday. Flybe posted on Twitter that it had been placed into administration, adding that flights to and from Britain would not be rescheduled. “David Pike and Mike Pink of Interpath have been appointed administrators,” it said. Paul…
WASHINGTON (Reuters) -The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on Friday, Bloomberg reported, citing people familiar with the matter. The agreement would extend some export controls the United States adopted in October to companies based in…
