By Reuters Published May 23, 2025 European luxury stocks declined sharply on Friday following U.S. President Donald Trump’s announcement recommending a 50% tariff on European Union goods, set to take effect on June 1. Trump’s tariffs hit European luxury industry, shares tank – Reuters The luxury sector—which includes handbags, shoes, fashion goods, and champagne—relies heavily…
By Reuters Published May 14, 2025 Europe’s largest retailers and online retail giants have urged the European Commission to rein in allegedly high fees charged by Visa and Mastercard, saying they hurt the bloc’s competitiveness and hamper rivals. Reuters Visa and Mastercard dominate the market for payment cards and have in recent years faced complaints…
TikTok was fined 530 million euros ($600 million) on Friday for violating a European Union data privacy law after regulators found the company had improperly transferred users’ personal data to China. The Irish Data Protection Commission, which announced the penalty, said TikTok failed to adequately protect data of its users in Europe, including some that…
Translated by Nazia BIBI KEENOO Published May 1, 2025 The downfall of Liberated Brands in the United States sent shockwaves through the action sports industry. The company, which oversaw select product categories for several brands under the Boardriders umbrella—and more prominently managed the Volcom brand on behalf of Authentic Brands Group (ABG)—had its licensing agreements…
Travelers to Europe, mark your calendars (and bring your raincoats). On June 15, activist groups across southern Europe are planning to stage protests against tourism. Although the precise form of those demonstrations has not been decided, it’s a pretty safe bet that water guns will be involved. At a workshop held in Barcelona last weekend…
Translated by Nazia BIBI KEENOO Published April 16, 2025 Tiffany & Co. has opened a new store on Via Monte Napoleone in Milan. Inspired by The Landmark—its iconic Fifth Avenue flagship—the boutique reflects the modern aesthetic of the New York-based fine jeweler, which was founded by Charles Lewis Tiffany in 1837 and became part of…
A century after the original golden era of railroads, trains are once again the talk of travel. In Europe, especially, train travel is surging as an environmental alternative to short-haul flights, with more night trains, high-speed routes and transnational collaboration between rail companies. Political ties between European countries may be jittery, but the cities are…