Business

Gucci owner to sell beauty division to L’Oréal for €4bn

The Gucci owner, Kering, is selling its beauty division to L’Oréal for €4bn (£3.5bn), as its new chief executive, Luca de Meo,…

21 hours ago

Iran war risks ‘catastrophic’ oil market impact: Aramco CEO

The Iran war threatens “catastrophic consequences” for the global oil market, the CEO of Saudi oil giant Aramco has warned.…

2 weeks ago

Bitcoin is doing something major haven’t done since Iran war

A bitcoin comeback may be underway. Just as the cryptocurrency was kicking off its latest winning week, ProShares’ Simeon Hyman…

2 weeks ago

Dubai gold dips again as global pressures cool recent rally

Gold prices in Dubai eased on Thursday morning, giving shoppers a small breather after several sessions of elevated prices earlier this…

2 weeks ago

Gold prices fall on firmer dollar

Gold fell about 2% on Monday, as a stronger U.S. dollar weighed on the greenback-priced bullion, while higher energy costs fueled inflation concerns and further…

3 weeks ago

Luxury Shares Drop on Middle East Conflict Fears

Luxury stocks were among the hardest hit sectors early Tuesday, with European markets heading for another day of losses as the conflict…

3 weeks ago

Oil surges 35%, biggest weekly futures gain since 1983

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the…

3 weeks ago

Private Credit Investors Rush to Withdraw

The rush for the exits in private credit is prompting fresh scrutiny of the sector’s less-liquid structures and its rapid…

3 weeks ago

Saudi firms raise hiring and pay despite PMI dip

Saudi Arabia’s non-oil private sector lost a touch of speed in February, yet companies continued to hire aggressively and raise…

4 weeks ago

UAE gold prices jump more than Dh10

Gold prices in the UAE surged on Monday morning, extending their recent rally and reflecting a sharp global shift toward safe-haven…

4 weeks ago