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French luxury group Kering to buy 30% stake in Valentino for 1.7 billion euros cash

Published Sat, 02 Nov 2024 14:30:27 GMT

MILAN (AP) — French luxury conglomerate Kering has reached a cash deal to purchase a 30% stake in Italian fashion house Valentino for 1.7 billion euros from a Qatari investment firm.With the purchase, Kering is seeking to shore up its revenue stream as it struggles to turn around former powerhouse Gucci. Kering on Thursday reported first-half revenues of 10.1 billion euros, up 2%, as Gucci sales stagnate. Under the deal announced Thursday, Kering has the option to buy 100% of Valentino no later than 2028. The partnership could lead to the Qatari investment firm, Mayhoola, becoming a shareholder in Kering, as well as other potential “joint opportunities,” the statement said.Kering Chairman and CEO Francois-Henri Pinault expressed admiration for “the evolution of Valentino under Mayhoola ownership,” which Kering said turned Valentino “into one of the most admired luxury houses in the world.”“I am very pleased of this first step in our collaboration with Mayhoola to develop Valentino a...

Sudan conflict brings new atrocities to Darfur as militias kill, rape, burn homes in rampages

Published Sat, 02 Nov 2024 14:30:27 GMT

CAIRO (AP) — Amna al-Nour narrowly escaped death twice. The first was when militias torched her family’s home in Sudan’s Darfur region. The second was two months later when paramilitary fighters stopped her and others trying to escape as they tried to reach the border with neighboring Chad.“They massacred us like sheep,” the 32-year-old teacher said of the attack in late April on her home city Geneina. “They want to uproot us all.”Al-Nour and her three children now live in a school-turned-refugee housing inside Chad, among more than 260,000 Sudanese, mostly women and children, who have fled what survivors and rights groups say is a new explosion of atrocities in the large western region of Sudan.Two decades ago, Darfur became synonymous with genocide and war crimes, particularly by the notorious Janjaweed Arab militias against populations that identify as Central or East African. Fears are mounting that that legacy is returning with reports of widespread killings, rapes and destruct...

Aid group official warns that impasse at the UN on border crossing puts 4.1 million Syrians at risk

Published Sat, 02 Nov 2024 14:30:27 GMT

BEIRUT (AP) — An impasse at the United Nations over a border crossing with Syria’s last rebel-held enclave is putting 4.1 million Syrian there in danger, the president of the International Rescue Committee warned this week.David Miliband’s comments came more than two weeks after the U.N. Security Council failed to renew the mandate for the Bab al-Hawa border crossing between Syria and Turkey, which secures aid for Syrians in the enclave.The vast majority of people in northwestern Syria live in poverty and rely on aid to survive — a crisis that was further worsened by a devastating magnitude 7.8 earthquake that hit southern Turkey and northern Syria in February. The earthquake killed more than 50,000 people, including over 6,000 in Syria, according to the United Nations. The quake also displaced hundreds of thousands of others.“The people of northwest Syria can ill afford a new wave of suffering, having lived through the trauma of the earthquake,” Miliband told The Associated P...

EU agri-food exports back at their April 2022 level amid curtailed trade

Published Sat, 02 Nov 2024 14:30:27 GMT

After the record high exports in March 2023, the EU agri-food trade slowed down in April 2023. Overall, EU exports remained at €17.8 billion in April 2023 due to higher exports prices, while EU imports were at €13bn resulting in an agri-food surplus of +€4.8bn. These are the main findings of the latest monthly agri-food trade report published today by the European Commission.In April 2023, a reduction in imports was observed across most products. Reduced imports were observed from Russia, Argentina, China, the Philippines and Moldova. On the other hand, imports of sugar and isoglucose have increased significantly. The most imported goods in value continued to be oilseed and protein crops, fruit and nuts, and coffee, tea, cocoa and spices.The top three destinations for EU agri-food exports between January and April 2023 remained the United Kingdom, the United States, and China.The top three countries of origin of imports between January and April 2023 were Brazil, the United Kingdom ...

The top 10 most expensive home sales in Hayward, reported the week of July 17

Published Sat, 02 Nov 2024 14:30:27 GMT

A house in Hayward that sold for $2.3 million tops the list of the most expensive residential real estate sales in Hayward in the past week.In total, 10 residential real estate sales were recorded in the area during the past week, with an average price of $1.2 million. The average price per square foot was $580.The prices in the list below concern real estate sales where the title was recorded during the week of July 17 even if the property may have been sold earlier.10. $875,000, detached house in the 700 block of Hampton RoadThe property in the 700 block of Hampton Road in Hayward has new owners. The price was $875,000. The house was built in 1960 and has a living area of 1,570 square feet. The price per square foot is $557. The house features three bedrooms and two bathrooms.Hampton Road9. $900,000, single-family house in the 100 block of Laurel AvenueThe 1,386 square-foot detached house in the 100 block of Laurel Avenue in Hayward has been sold. The transfer of ownership was set...

Mets trade closer David Robertson to Marlins for two minor leaguers

Published Sat, 02 Nov 2024 14:30:27 GMT

NEW YORK (AP) — The New York Mets began the process of dismantling the team with the largest payroll of all-time late Thursday night, trading closer David Robertson to the Miami Marlins for two teenage minor leaguers.The Mets, who began the season with a $353 million payroll, beat the Washington Nationals 2-1 to improve to 48-54. They are seven games behind the Philadelphia Phillies and Cincinnati Reds, who are in a virtual tie for the last two NL wild-card spots.The trade results in a savings of nearly $6.75 million for the Mets. The Marlins pay the $3,548,387 remaining of Robertson’s $10 million salary. New York’s luxury tax bill is reduced by $3.19 million.“We didn’t have visions of this at the start of the season,” Mets general manager Billy Eppler said.The Marlins, with the seventh-lowest payroll in the majors at a little more than $91 million, are a half-game behind the Phillies and Reds after going 7-13 this month.Robertson warmed up in the eighth inning of a tie game before ...

Una ciudad japonesa se disculpa tras aconsejar a las embarazadas que cocinen, limpien y den masajes a sus maridos

Published Sat, 02 Nov 2024 14:30:27 GMT

(CNN) — No hay nada que le guste más a una madre primeriza que que le digan cómo complacer a su marido, ¿verdad?Esta semana, una ciudad japonesa aprendió por las malas lo equivocada que estaba tras desatar la indignación nacional por unos folletos que intentaban precisamente eso.La ciudad de Onomichi, en la prefectura japonesa de Hiroshima, realizó una encuesta pública en 2017 que se utilizó para crear folletos para mujeres embarazadas que luego se distribuyeron a los residentes locales, según el sitio web del gobierno de la ciudad.“Existen diferencias en la forma de sentir y pensar de hombres y mujeres”, rezaba uno de los folletos. “Una de las razones es la diferencia estructural en los cerebros de hombres y mujeres. Se sabe que los hombres actúan basándose en teorías, mientras que las mujeres actúan basándose en emociones”.“Lo importante es entender las diferencias de cada uno y repartir bien los papeles”, añadía, antes de afirmar que a lo...

Ukrainian troops liberate southern village, while Russia shoots down drone attack on Moscow

Published Sat, 02 Nov 2024 14:30:27 GMT

Ukrainian forces have recaptured a strategic village in the Russian-occupied southeast, as their troops continue a southbound advance in a summer counteroffensive.Ukrainian President Volodymyr Zelenskyy said Thursday that troops had reclaimed the village of Staromayorske in the Donetsk region. It is the first major gain in days. Battles are continuing around Bakhmut for the villages of Klishchiivka and Andriivka.“The 35th brigade and the Ariy territorial defense unit have fulfilled their task and liberated the village of Staromayorske. Glory to Ukraine!” a soldier said in a video posted on Zelenskyy’s Telegram.Ukrainian Deputy Defense Minister Hanna Maliar also confirmed the liberation of the village in a Telegram post. “Our defenders continue to clear the settlement,” she posted Thursday evening.Overnight, Russia shot down an attempted drone attack directed at Moscow, the city’s Mayor Sergei Sobyanin said on his Telegram channel.“At night, an attempt was...

Mets beat Nationals behind Mark Canha sacrifice fly after long delay

Published Sat, 02 Nov 2024 14:30:27 GMT

The Mets played until nearly midnight, battling through a lightning delay and torrential downpours for nearly two hours Thursday night at Citi Field. When they resumed play in a tie game in the bottom of the eighth with one out and the bases loaded against the Nationals’ Kyle Finnegan, Mark Canha gave them all they needed with a fly ball to right field that was deep enough to score Pete Alonso.Alonso came sliding in just ahead of the tag to help the Mets (48-54) defeat the Nationals, 2-1.Every win is crucial for the Amazins’ right now and this one was no different. The Mets have continued a frustrating pattern of taking steps forward, only to take more of them back, since the All-Star break. They’ve been no closer to reaching their goal of getting into the Wild Card mix, but they have a chance to gain ground this weekend against lowly Washington.In the first game of the series, the last one before Tuesday’s trade deadline, one of Washington’s future sta...

Jake Burger homers twice, but the Chicago White Sox drop their 6th straight with a 6-3 loss to the Cleveland Guardians

Published Sat, 02 Nov 2024 14:30:27 GMT

The Chicago White Sox needed to find a way to keep Jake Burger in the lineup when third baseman Yoán Moncada returned from the injured list Tuesday.So the team moved him to second base.Regardless of the position, Burger continues to do damage at the plate.He homered twice in Thursday’s 6-3 loss to the Cleveland Guardians in front of 20,893 at Guaranteed Rate Field.“Burger (hit) the two homers, but that wasn’t enough to do what we came here to do today,” manager Pedro Grifol said.The Sox lost their sixth straight, which is their second-longest slide of the season. They are a season-worst 22 games under .500 at 41-63.“A lot of it is development and trying to get better in areas where you can improve,” Burger said of the focus moving forward. “Trying to stick to that and work as hard as we can and get as many wins and results as we can.”Burger made an impact at the plate with the second multihomer game of his career.He homered in bac...