BUSINESS

LVMH tycoon Bernard Arnault saw luxury sales fall in the first quarter amid concerns over US tariffs

LVMH Sales Dip As Trump Tariffs Dent Luxury Tastes

Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday.
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Facebook CEO Mark Zuckerberg attends the inauguration of Donald Trump

Meta Faces Landmark US Antitrust Trial

Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors.
The strike hit Sumy's city centre two days after US envoy Steve Witkoff met with Russian leader Vladimir Putin and despite US President Donald Trump urging Moscow to end the war

Russian Strike On City Centre In Ukraine's Sumy Kills 21

A Russian ballistic missile attack on Ukraine's northeastern city of Sumy killed at least 21 people and wounded 83 on Palm Sunday, Kyiv said, in another deadly attack on civilians that came after a top US official travelled to Russia.
President Xi Jinping begins a five day tour of three Southeast Asian neighbours on Monday as China seeks to tighten regional trade days and offset the impact of huge US tariffs

China's Xi Courts Southeast Asia As Trump Tariffs Bite

Chinese President Xi Jinping will kick off a five-day, three-nation Southeast Asia tour on Monday as Beijing seeks to tighten regional trade ties and offset the impact of huge tariffs unleashed by his US counterpart Donald Trump.
The threatened US tariffs are worrying for Indonesia's 2.5 million palm oil smallholder farmers

Indonesia Palm Oil Firms Eye New Markets As US Trade War Casts Shadow

Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump's trade war, a top industry executive told AFP. Indonesia is the world's biggest producer of the edible oil -- used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo -- and accounts for more than half the global supply.
A woman (R) walks into the "null²" pavilion at the 2025 Osaka Expo

World Expo Opens In Japan In Rocky Times

World Expo opened on Sunday with 160 countries and regions showcasing their technology, culture and food, with host Japan hoping to provide the world with some much-needed hope.

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