The $1.38bn (£1.04bn) deal between the two Italian fashion giants is well below the roughly $2bn Versace was sold for in 2018.
Wednesday briefing: Does the new US plan put Ukraine and Russia on the path to peace?
In today’s newsletter: With US pressure mounting and Ukraine signalling cautious openness, Moscow continues to project military momentumGood morning. On Tuesday, Vladimir Putin welcomed Donald Trump’s special envoy Steve Witkoff to Moscow for talks on …
Russia says no Ukraine compromise reached after five-hour Putin talks with Trump envoys
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Russia on fire as devastating drone strike sends yet another oil depot up in flames
Video showed at least two storage tanks engulfed in flames, with thick black smoke rising high into the sky.
Delhi records 200,000 acute respiratory illness cases amid toxic air
More than 30,000 people with respiratory illnesses had to be hospitalised in Delhi between 2022 and 2024.
Putin’s India Visit To Test New Delhi’s US-Russia Balancing Act
On the eve of his visit, Putin hailed his country’s ties with India and China, and pledged to boost relations to a “qualitatively new level.”
Deep-sea search for Malaysia Airlines Flight 370 to resume Dec. 30
The Malaysian government says it will pay the robotics firm Ocean Infinity $70 million if it can locate the wreckage from the missing flight within a 55-day period.
CNBC’s The China Connection newsletter: Three economic flashpoints for 2026
China’s top leaders are expected to discuss economic plans for the year ahead during an annual meeting next week.
Colombia issues new statement on Trump’s military threat
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Putin slams EU ‘fantasy’ of Russian defeat
The EU is still clinging to the “fantasy” of inflicting a strategic defeat on Russia, President Vladimir Putin has stated. He warned that while Moscow has no intention of warring with the bloc, the consequences would be dire if it attacked Russia.