NEWS

Hermes Bounces Back In China As Margin Hits Record High

PARIS, France – Sales at Birkin bag maker Hermes rose sharply in the second quarter, lifted by fast growth in Europe and the United States, and rebounding quicker than rivals in China after lockdowns eased in June. Luxury retailers were hit hard by curbs on movement from mid – March in key Chinese cities such … More Hermes Bounces Back In China As Margin Hits Record High

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Notre – Dame On Track To Re – Open In 2024 – French Culture Minister

PARIS, France – Notre – Dame cathedral in Paris is on track to reopen to worshippers and the public in 2024, Culture Minister Rima Abdul Malek said on Thursday, more than three years after its roof was destroyed in a massive blaze. She said the clean – up phase of the restoration project had ended, allowing rebuilding work to get underway at the end of the summer. Notre – Dame has been closed for restoration since the fire in 2019 gutted its roof and sent its spire crashing down, to … More Notre – Dame On Track To Re – Open In 2024 – French Culture Minister

As Europe Bakes In Heatwave, Wildfires Rage From Portugal To Croatia

PARIS, France – Wildfires raged across tinder – dry country in Portugal, Spain, France and Croatia on Thursday, burning homes and threatening livelihoods, as much of Europe baked in a heatwave that has pushed temperatures into the mid – 40Cs in some countries. In Portugal,s central Leiria district, tired firefighters battled to control blazes that have been fanned by strong winds. Footage from the area on Wednesday showed smoke darkening the sky and billowing across a highway, while flames licked … More As Europe Bakes In Heatwave, Wildfires Rage From Portugal To Croatia

EU Formally Accepts Croatia As 20th Euro Zone Member

BRUSSELS – European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023. The European Council, the grouping of 27 EU governments, adopted three legal acts required to allow Croatia – an EU member since 2013 – to introduce the euro on Jan.1. One of those acts set the conversion rate for entry at one euro to 7.53450 Croatian Kuna, with Croatia now having a new months to … More EU Formally Accepts Croatia As 20th Euro Zone Member