House Speaker Nancy Pelosi (D-Calif.). Photo: Chip Somodevilla/Getty Images House Democrats on Monday released their proposal for short-term legislation to fund the government through December 11. Why it matters: This is Congress' chief legislative focus before the election. They must pass a continuing resolution (CR) before midnight on Oct. 1 to avoid a government shutdown […]
PARIS — While LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. are poised for a stand-off in the Delaware Chancery court today, the beleaguered acquisition project has embarked on an altogether different journey with European competition authorities — one seeking regulatory approval. The European Commission posted a provisional deadline of Oct. 26 for its […]
Illustration: Lazaro Gamio/Axios Nikola announced Monday that executive chairman Trevor Milton, who is also the company's founder, is out as the electric and fuel cell truck startup reportedly faces federal inquiries into a short-seller's allegations of inaccurate or misleading statements. Why it matters: It's the latest move in a head-spinning series of events for Nikola. […]
LONDON — It’s been a surreal year for most industry leaders, and none more so than for Michael Kliger, the president of Mytheresa, who not only boosted sales and profits through a pandemic but did so as the luxury e-commerce site became the subject of a high-profile custody battle in the Neiman Marcus Group bankruptcy case. […]
SINGAPORE – Maxwell House, which has been around since 1971, is up for collective sale, with the possibility of a new mixed-use commercial and residential development or hotel taking over the site. Owners holding not less than 80 per cent by strata area and share value have agreed to put the property on the market […]
US Secretary of State Mike Pompeo has criticised banking giant HSBC for supporting China’s move to impose new security legislation in Hong Kong. Mr Pompeo also said the US stood with its allies against China’s “coercive bully tactics”. The Trump administration has repeatedly attacked Beijing for what it says is an attempt to end Hong […]
HSBC’s share price in Hong Kong has fallen to its lowest level since 1995 amid allegations of money laundering. HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show. The UK-based bank faces multiple pressures including political tension in Hong Kong and […]
Emmy Host Jimmy Kimmel during rehearsals Friday for the 72nd Annual Emmy Awards at the Staples Center in Los Angeles. Photo: Al Seib/ Los Angeles Times via Getty Images The Emmy Awards Sunday night addressed the major U.S. issues this year — including the protests on systemic racism and police brutality, the wildfires engulfing parts […]
A makeshift memorial outside the Supreme Court yesterday. Photo: Jose Luis Magana/AFP via Getty Images Furious Democrats are considering total war — profound changes to two branches of government, and even adding stars to the flag — if Republicans jam through a Supreme Court nominee, then lose control of the Senate. On the table: Adding […]
View Gallery Related Gallery Burberry RTW Spring 2021 David Harouche, chief executive officer and founder of Multimedia Plus, said the survey showed that there is an opportunity for leveraging technology as part of adjusting to a “new normal.” David Harouche Courtesy image. “In order to keep up with the pace of changes, retailers and hospitality executives […]