Tag: Euro

International Business and TradePolicy

Europe Implements Tax Measures to Combat Fast Fashion Industry Impact

The European Union and member states are rolling out targeted tax policies aimed at slowing fast fashion’s environmental impact. Measures include eliminating VAT exemptions, implementing per-garment taxes, and incentivizing clothing repair over replacement to transform textile consumption patterns.

Europe’s Tax Strategy Against Fast Fashion Intensifies

European governments are implementing a coordinated tax strategy to address the environmental and economic impacts of fast fashion, according to reports from policy analysts. The measures target what sources indicate is an industry that generates approximately 12 kg of textile waste annually per European resident, with only 1% being recycled into new garments.

by Bennett Laura
BusinessEconomy and Trading

Luxury Stocks Rally as LVMH Earnings Exceed Forecasts, Fueling Industry Optimism

LVMH shares surged 12% Wednesday after the luxury conglomerate reported better-than-expected third-quarter earnings. The rally added approximately $18.18 billion to the company’s market value and boosted other luxury stocks across the sector.

LVMH Earnings Spark Luxury Market Rally

Luxury goods stocks experienced a significant boost Wednesday as LVMH reported stronger-than-expected third-quarter earnings, according to financial reports. The French conglomerate’s shares rallied 12% during trading, adding approximately $18.18 billion to its market valuation and fueling gains across the luxury sector.

by Ortega Rafael
BusinessTelecom

Altice’s Patrick Drahi Rejects €17 Billion SFR Offer from French Telecom Consortium

Altice founder Patrick Drahi has immediately rejected a €17 billion offer for SFR from France’s three major telecom operators. The proposed deal would have consolidated the French mobile market from four to three major players while addressing Altice’s significant debt burden.

In a dramatic rejection that could reshape the French telecommunications landscape, Altice owner Patrick Drahi has immediately turned down a €17 billion offer for the company’s SFR mobile unit. The bid came from a consortium comprising France’s three major telecommunications companies – Orange, Bouygues Telecom, and Free – in what would represent one of Europe’s most significant telecom market consolidations.

The Consortium Offer and Market Implications

by Bennett Laura
Earth SciencesEnergy

MIT Researchers Advance Nuclear Fusion With AI-Powered Plasma Control Model

MIT researchers have created a physics-informed machine learning model that predicts plasma behavior in fusion reactors. This breakthrough addresses one of nuclear fusion’s biggest challenges: safely controlling plasma during reactor shutdowns.

Scientists at the Massachusetts Institute of Technology have taken a significant step toward scaling up nuclear fusion energy by developing an AI-powered model that predicts plasma behavior in tokamak reactors. This breakthrough addresses one of the most persistent challenges in making fusion power commercially viable: safely controlling plasma during reactor shutdowns.

The Plasma Control Challenge in Fusion Energy

by Bennett Laura