Bernard Arnault Moves to Tighten the Family's Hold on LVMH by Nominating 2 More Sons to Company's Board

Bernard Arnault Moves to Tighten the Family's Hold on LVMH by Nominating 2 More Sons to Company's Board

LVMH head Bernard Arnault has proposed the appointment of his two sons to the company's board. Bernard Arnault, the head of the LVMH luxury goods conglomerate, disclosed on Wednesday that he has proposed the appointment of two more of his children to the company's board, a move to solidify his family's grip on Europe's most valuable firm.


Mining Giants Ordered to Pay Nearly $10 Billion Over Brazil Dam Disaster That Killed 19 People

Mining giants BHP, Vale, and their iron ore joint venture Samarco have been ordered to pay $9.67 billion in damages over a deadly dam collapse in Brazil.

FTC to Investigate AI Deals of Tech Giants Microsoft, Amazon, and Google

The Federal Trade Commission (FTC) has initiated an inquiry into the substantial investments made by tech giants Microsoft, Amazon, and Google in AI startups like OpenAI and Anthropic.

Woolworths Workers Criticize the Supermarket Over 'Woke' Australia Day Stance

Employees at Woolworths have voiced their displeasure over the supermarket's controversial Australia Day stance.


Latest News

Joe Biden Touts Obamacare Sign-Ups Hitting Record 21.3 Million as Donald Trump Vows Repeal
President Joe Biden has praised the announcement that 21.3 million people have now signed up for 2024 Obamacare health insurance plans.
letter stamp
The Australian Competition and Consumer Commission has indicated that it would not oppose Australia Post's 25% stamp price increase while collecting stakeholder input.
Tesla CEO Elon Musk told investors a cheaper EV will be produced later this year. Tesla CEO Elon Musk informed investors on Wednesday, January 24, that a more affordable variant of the electric vehicle (EV) would be released later this year.
TURKEY-SAUDI-US-POLITICS-MEDIA-DIPLOMACY
Saudi Arabia has opened its first liquor store in over 70 years, marking a significant departure from its conservative traditions.
Uranium Prices Could Soar to Historical Highs as the World’s Largest Producer Warns of Production Shortfall
The world's largest uranium producer, Kazatomprom, is anticipating production issues over the next two years, which can trigger a price rise in uranium.
China Unveils New Strategy to Turn Hi-Tech Lab Innovations Into Globally Competitive Products
China has introduced a new strategy to transform domestic innovations into commercial products that can compete in the global market.
Microsoft Market Cap Crosses $3 Trillion, Briefly Surpasses Apple
Microsoft briefly achieved a market capitalization exceeding $3 trillion during intraday trading on Wednesday.
A liquefied natural gas (LNG) tanker arr
Qatar, one of the world's top LNG producers, is delaying some deliveries to Europe due to the Red Sea crisis.
NATO Signs $1.2 Billion Contract for 155mm Artillery Ammunition to Boost Ukraine's Depleted Supplies
NATO has signed a $1.2 billion contract for thousands of artillery shells, some of which will be delivered to Ukraine after it complained of ammunition shortages amid war with Russia.
Chick-fil-A Customers Eligible for $4.4M Lawsuit Settlement Urged to Act Quickly as Deadline Nears
Chick-fil-A customers eligible for a $29.95 gift card as part of a $4.4 million lawsuit settlement are urged to act swiftly as the deadline approaches.
Real Time Analytics