British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.
Comparable store sales in Europe, the Middle East, India and Africa declined 37% in the quarter, the third of its financial year, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia Pacific stores.
UAE Central Bank gold reserves rise 26% in five months
The Central Bank of the United Arab Emirates (CBUAE) increased its gold reserves by 25.899 per cent during the first five months of the year to AED 28.933 billion at the end of May, up from AED 22.981 billion at the end of December 2024.
Italian fashion house Valentino hires Riccardo Bellini as CEO
Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September.
Putin, Modi to meet in Delhi by end of year, Russian embassy official says
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will meet in New Delhi by the end of year, but no dates have been finalised yet, a Russian embassy official in India said on Wednesday.
India, China agree to resume direct flights, boost business links
India and China agreed on Tuesday to resume direct flights and step up trade and investment flows as the neighbours rebuild ties damaged by a 2020 border clash.
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
Latest album, what happened with BTS, raising a baby girl, eye surgery, and more!
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.
