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LVMH, Kering decline as China worries spur $56b luxury rout

BLOOMBERG European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in China weighed on sentiment — extending a rout that’s wiped about $56 billion from the sector over the past two days. Shares in Birkin bag maker Hermes International and UK trench coat company Burberry Group Plc also declined, with concerns about ...

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Uncertainty grips Thai markets with new govt in limbo

BLOOMBERG Volatility is rising in Thailand’s financial markets amid concern investors will have to wait until August to find out whether a coalition of pro-democracy parties can form a new government.Uncertainty after the May 14 election first triggered an outflow of funds, worsening the rout in Asia’s worst-performing stock market this year and weakening the baht. Stocks then rallied this ...

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Sorbonne Abu Dhabi organises Open Bouldering Championships

ABU DHABI / WAM Sorbonne University Abu Dhabi  hosted the Open Bouldering Championships 2023, the Middle East’s largest climbing competition. The two-day event successfully brought together 160 climbers from 40 countries, marking a significant increase in regional participation. The Open Bouldering Championships 2023 was sponsored by the Abu Dhabi Sports Council, The North Face, ADISL, Traks Pro, Two Pandas, and ...

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