Category: general
Troubled Gucci gets new CEO as Luca de Meo takes over Kering
PARIS, France — Kering appointed Francesca Bellettini as the new head of its troubled Gucci label on Wednesday as Luca de Meo took over the reins of the French luxury group. Bellettini, who since July 2023 has served as deputy CEO of Kering and had previously run Yves Saint Laurent for more than a decade, will
Canada central bank cuts key lending rate citing Trump tariffs
TORONTO, Canada — Canada’s central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US President Donald Trump’s trade war. The Bank of Canada reduced the rate to 2.5 percent, after holding it at 2.75 percent since March as it weighed the impact of Trump’s fluctuating tariffs
DigiPlus launches P1-M surety bond program
MANILA, Philippines — DigiPlus Interactive Corp. has partnered with Philippine First Insurance Co. Inc. (PhilFirst) to launch the local online gambling industry’s first surety bond program, promising to guarantee up to P1 million per player. In a regulatory filing on Thursday, the company led by tycoon Eusebio Tanco said the surety bond automatically applied to the
Bragging rights up as Samal makes 5150 debut
A stellar Open division field will be shooting for the title and the distinction of being the first to conquer a beautiful yet brutal course when Samal Island debuts as a 5150 destination this Sunday in Davao del Norte. With the Davao Gulf as backdrop, 1.5-kilometer swim, 40-km bike and 10-km run event known as
Globe bets on prepaid fiber, sets expansion
MANILA, Philippines — Ayala-backed Globe Telecom sees its prepaid fiber internet service as a growth bright spot for its broadband business. Globe said on Wednesday that, since launching in the market two years ago, its GFiber Prepaid continues to build traction. The segment saw a 37-percent growth in the second quarter alone. The telecom giant
The New York Times
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