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New “exceptional” year for Chanel sales in 2023

New “exceptional” year for Chanel sales in 2023 New “exceptional” year for Chanel sales in 2023

The luxury group Chanel announced on Tuesday that it made record sales in 2023, “exceptional new year”, with an increase of 14.6% to US$ 19,700 million, while the net profit was US$ 4,700 million, with a progress of 3%. “Chanel again achieved a solid financial result in 2023, with double-digit growth in all categories” declared […]

The US sanctions dozens of Nicaraguan officials and companies for attacking human rights.

The US sanctions dozens of Nicaraguan officials and companies for attacking human rights. The US sanctions dozens of Nicaraguan officials and companies for attacking human rights.

USA launched this Wednesday a round of sanctions against the Government of the Nicaraguan president, Daniel Ortega that affect dozens of officials and companies, for attacking human rights and being “complicit in the exploitation of migrants.” Senior White House officials reported in a call with the press that the State Department has imposed visa restrictions […]

TikTok will label content generated by artificial intelligence

TikTok will label content generated by artificial intelligence TikTok will label content generated by artificial intelligence

TikTok announced that it will begin automatically tagging content generated with technology from Artificial intelligence (AI) from several platforms, including Dall-E from OpenAI as well as the company’s own tools and generators. “AI-generated content is an incredible creative outlet, but transparency for users is essential“, said this Thursday Adam Presser, director of Trust and Security […]

FTX, in bankruptcy, estimates that it will return all the money to most of its creditors

FTX, in bankruptcy, estimates that it will return all the money to most of its creditors FTX, in bankruptcy, estimates that it will return all the money to most of its creditors

The platform of cryptocurrencies In bankruptcy, FTX estimates that it will return all the money to most of its creditors, according to a new restructuring plan with which it seeks to resolve government and former client lawsuits.without costly and lengthy litigation”. FTX managers have submitted their proposed plan to Delaware bankruptcy court, according to a […]

CTS withdrawal: what happens if I am not paid the amount I should receive?

CTS withdrawal: what happens if I am not paid the amount I should receive? CTS withdrawal: what happens if I am not paid the amount I should receive?

The deadline for payment of the first deposit of the CTS is about to expire. Find out what sanctions a company that fails to grant the corresponding amount of Time of Service Compensation (CTS) would receive. It should be noted that Not all private sector workers have this work benefitwhich is under the supervision of […]

Johnson & Johnson willing to pay $6.5 billion to settle talc lawsuits

Johnson & Johnson willing to pay $6.5 billion to settle talc lawsuits Johnson & Johnson willing to pay $6.5 billion to settle talc lawsuits

The American pharmaceutical giant Johnson & Johnson is willing to pay US$6.5 billion in its plan to close civil lawsuits in the case of talc identified as carcinogenic. This disbursement would occur over a period of 25 years in those cases due to ovarian problems, which represents 99.75% of the claims, while the rest is […]

Pfizer: sales fell by 20% due to lower demand for covid products

Pfizer: sales fell by 20% due to lower demand for covid products Pfizer: sales fell by 20% due to lower demand for covid products

The American pharmaceutical company Pfizer reported that in the first quarter of this year it recorded net profits of US$ 3,115 million, 44% less than in the same period of 2023. While the company’s billing reached US$ 14,879 million, a reduction of 20% in interannual terms. According to the New York-based pharmaceutical giant, the drop […]

Strong increase in BBVA bank profits thanks to Spain and Mexico

Strong increase in BBVA bank profits thanks to Spain and Mexico Strong increase in BBVA bank profits thanks to Spain and Mexico

The net profit of the Spanish bank BBVA rose 19% in the first quarter of 2024 thanks above all to good operating results in Spain and Mexico, which offset the impact of an exceptional tax introduced by Madrid. The second Spanish banking group, behind Santander, obtained total profits of 2,200 million euros (US$ 2,358 million) […]

Von der Leyen affirms that “Europe must be simpler, faster and cheaper”

Von der Leyen affirms that “Europe must be simpler, faster and cheaper” Von der Leyen affirms that “Europe must be simpler, faster and cheaper”

The president of the European Comission (EC), Ursula von der Leyen, stated this Friday that it is necessary for Europe to be “simpler, faster and cheaper” in order to remain a competitive location for companies. In the new phase of the economy in which we are entering and with competitiveness driven by state policies, it […]

With the arrival of Chery in Spain, China accelerates its automotive offensive in Europe

With the arrival of Chery in Spain, China accelerates its automotive offensive in Europe With the arrival of Chery in Spain, China accelerates its automotive offensive in Europe

Chinese car manufacturer Cherry On Friday he formalized his landing in Spain, where it will produce vehicles, mainly electric, starting at the end of 2024, in a new sign of Chinese appetite for the European market despite the clash with Brussels. Chery, known for its economical cars, is the second Chinese brand to announce its […]

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