Nicolas Thomas

EU puts pressure on Washington with tech tax threat

Donald Trump has announced a 90-day truce on tariffs. The European Union remains lucid, saying that without a deal, a big tech tax could emerge.

April 11, 2025 at 11:17 am

White House close to trade agreements with several countries

While the US President has announced a pause on tariffs, negotiations continue between the US and international leaders.

April 10, 2025 at 05:39 pm

Kering in talks to sell real estate in Milan for over $1.4bn

April 10, 2025 at 04:47 pm

Google releases its own AI chip, Ironwood

Alphabet has finally unveiled its AI chip, Ironwood. This chip is totally designed for various AI applications and, once again, focuses on energy consumption.

April 10, 2025 at 03:45 pm

LVMH struggles to make its Louis Vuitton workshop in Texas shine

The French luxury goods group has been trying for several years to locate part of its production in the United States. However, a Reuters investigation highlights the many difficulties encountered in this process.

April 10, 2025 at 03:28 pm

Beijing strikes back, trade war escalation continues

China announced on Wednesday that it would raise its tariffs on US products to 84% from Thursday, up from 34% previously. The decision marks a further escalation in the global trade war unleashed by US President Donald Trump.

April 09, 2025 at 04:56 pm

Universal Studios set to open its first European theme park near London

Comcast, Universal's parent company, announces the construction of a Universal theme park in Europe. This will be the first park for the group, which owns a number of major pop-culture IPs.

April 09, 2025 at 01:05 pm

Under pressure, Taiwan speeds up customs negotiations

Taiwan hopes to quickly reach an agreement with the United States to resolve the tariff issue, and has already begun talks with Washington, a senior Taiwanese official said on Wednesday.

April 09, 2025 at 12:42 pm

European luxury goods more fragile than ever

Hopes of a recovery in the luxury goods sector are fading as turmoil in financial markets, fanned by Donald Trump's new tariffs, raises fears of a global recession. This uncertainty undermines expectations that affluent American consumers could compensate for weak Chinese demand.

April 09, 2025 at 10:29 am

Investing with composure in the midst of a stockmarket storm

Today's markets are rife with uncertainty. At times like these, it's best to be wary of improvised advice and seductive theories. Only hard data can be objective. Human decisions, however, can turn the world economy on its head overnight.

April 08, 2025 at 05:22 pm

Vietnam wants to rebalance its trade balance with the US

On Monday evening Hanoi announced its intention to buy more American products, including from the defense and security sectors, in a bid to reduce its trade surplus with the United States. Prime Minister Pham Minh Chinh also called for a 45-day delay before the tariffs announced by Washington take effect.

April 08, 2025 at 12:37 pm

Samsung beats expectations thanks to anticipating tariffs

South Korea's technology giant exceeds expectations, with many orders, in anticipation of tariffs.

April 08, 2025 at 12:31 pm

BYD launches Denza, a premium brand to drive growth in Europe

Chinese automaker BYD is looking to expand its presence in Europe, and to mark the occasion, is announcing the arrival of its top-of-the-range Denza subsidiary for European consumers.

April 08, 2025 at 11:39 am

LVMH makes huge shakeup in management of its flagship houses

LVMH is reorganizing its management teams at a time when the group is facing a slowdown in consumption in several key markets, notably China, and a climate of economic uncertainty weighing on the various luxury segments. Faced with these challenges, the luxury giant is counting on experienced, international profiles to lead its iconic houses.

April 08, 2025 at 11:24 am

The European Union favors negotiations with Washington

While the trade ministers of the 27 European Union countries met in Luxembourg on Monday to discuss trade tensions with the United States, Ursula von der Leyen, the European Commission's President, spoke in Brussels. Two venues and a common message: the priority is de-escalation, without ruling out a firm response.

April 08, 2025 at 11:10 am

Microsoft winds down its Wicresoft joint venture in China

April 07, 2025 at 12:56 pm

Samsung expects 21% drop in operating profit due to AI

Samsung Electronics is expected to report a 21% drop in Q1 operating profit on Tuesday, penalized by slowing sales of chips for artificial intelligence and persistent losses in its third-party semiconductor manufacturing business.

April 07, 2025 at 11:22 am

Prada could decide to takeover Versace this week

April 07, 2025 at 11:04 am

Asian stockmarkets plunge; Hong Kong slumps 12%!

The trade war between the US and China sent shockwaves through Asian markets on Monday. Faced with the prospect of a global recession, investors massively withdrew, in anticipation of support measures.

April 07, 2025 at 10:57 am

Fitch downgrades China's credit rating

Rating agency Fitch has downgraded China's sovereign credit rating, at a time when the country is considering strengthening its fiscal stimulus policy. This is yet another obstacle in the path of Xi Jinping's government.

April 04, 2025 at 05:34 pm

Leonardo, Enel and Ansaldo seal agreement for nuclear joint venture in Italy

April 03, 2025 at 05:40 pm