Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
Paris
Lazard appoints Louis Girodolle as CEO of Lazard Investment Banking in France
Louis Girodolle has his job cut out given the challenging market environments as well as the need to retain clients in the wake of Matthieu Pigasse’s resignation as the bank’s CEO and chairman. In a statement 171-year-old bank Lazard said,… Read More ›
Boris Johnson’s government aims to end Brexit negotiations by this week: Spectator
It all comes down to whether Irish Prime Minister Leo Varadkar is open for further negotiations. According to a report from the Spectator citing a contact in Downing Street, the British government is preparing to end Brexit negotiations by this… Read More ›
IKEA France to invest $448 million to expand its footprint in Paris
IKEA France opened its first brick-and-mortar store in the Madeleine district of Paris.It plans on expanding its footprint with more new stores while at the same time allow consumers to shop for furniture online. On Monday, IKEA France’s chief executive… Read More ›
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame
L’Oreal and Bettencourt Meyers family pledges $226M towards rebuilding Notre-Dame. French luxury and cosmetics group L’Oreal, along with the Bettencourt Meyers family and the Bettencourt Schueller foundation, said they would donate 200 million euros ($226 million) in total for repairs… Read More ›
$1.32 trillion to leave London ahead of Brexit: EY
Asset managers, banks, and insurers in London are expanding their European operations or opening new offices there to avoid a disruption from Britain’s potentially chaotic departure from the European Union. On Wednesday, in a significant development, Earnest and Young (EY)… Read More ›
Air-France KLM passenger load factor touches 87.1%
Passenger load is a technical term in aviation parlance that equates to passenger density per flight. A higher figure denotes increased efficiency. On Friday, Air France KLM, which has in the past been the subject of political tensions between France… Read More ›
Global anti-terror financial watchdog places Cambodia on money-laundering watchlist
Cambodia has been placed on the watchlist of the Financial Action Task Force (FATF) due to its susceptibility to money laundering and terrorism financing. On Friday, the Financial Action Task Force (FATF), a global money-laundering watchdog, placed Cambodia on its… Read More ›
Chanel’s deputy artistic director to succeed Karl Lagerfeld
Karl Lagerfeld, 85, died earlier on Tuesday. Virginie Viard, deputy artistic director of Chanel, will succeed Karl Lagerfeld at Chanel following his demise on Tuesday, said a source at Chanel. Lagerfeld, 85, died on Tuesday following a short illness. Lagerfeld… Read More ›
Casino teams up with L’Oreal as the duo ramp up their market presence to fight Amazon.com
Amazon.com’s acquisition of Whole Food Market Inc in 2017 have spurred spurred European retailers to boost their online offering so as to be in a better position to fight the world’s world’s largest online retailer. In a development that marks… Read More ›