December 3, 2025

Prada Buys Versace in $1.38bn Deal, Below Previous $2bn Price

Prada has bought Versace for $1.38bn, a sharp drop from the $2bn Capri Holdings paid in 2018. The deal boosts Prada’s luxury brands and helps Capri cut debt.

December 3, 2025

Australia's GDP Grows 2.1% Yearly on Data Centre Boom and Rising Household Costs

Australia's economy grew 2.1% for the year to September, fueled by big data centre investment and rising essential spending. However, quarterly growth slowed to 0.4%, with no rise in GDP per capita. Inflation and cautious consumers remain concerns ahead of the Reserve Bank's decisions.

December 2, 2025

Costco Sues Trump Government for Full Refund of Illegal Tariffs

Costco has sued the US government to get back all import duties paid under Trump’s emergency tariffs. The move follows court rulings against presidential tariff powers. The case is now with the Supreme Court with billions at stake.

December 2, 2025

Five Tamil Nadu Products Win GI Tags, Raising State’s Heritage Count to 74

Tamil Nadu adds five new products to its GI tag list. These include Woraiyur cotton sari, Kavindapadi jaggery powder, Namakkal soapstone cookware, Thooyamalli rice, and Ambasamudram wooden toys. This boosts the state’s total to 74 GI-tagged products, highlighting its rich craft and agriculture.

December 2, 2025

ED raids Naresh Kumar Kejriwal over ₹900 crore undisclosed foreign assets under FEMA

The Enforcement Directorate is raiding locations linked to CA Naresh Kumar Kejriwal for hiding ₹900 crore in foreign shell firms and routing ₹1,500 crore illegally to India. Probes cover Ranchi, Mumbai, and Surat.