Asian markets fluctuate as US inflation data looms
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Billionaire Louis Vuitton owner Bernard Arnault and Russian oligarch investigated in money-laundering probe
French prosecutors have launched an investigation into a billionaire who is the world’s second-richest person over his links to a Russian oligarch. Bernard Arnault, co-founder and chief executive of luxury-goods group Louis Vuitton (LVMH), is being investigated amid allegations of money-laundering. The Paris public prosecutor’s office says it is investigating financial transactions involving the French billionaire and businessman Nikolai Sarkisov. Mr Arnault’s spokesperson declined to comment. The inquiry is centred on property purchase in Courchevel, a ski resort in the French Alps known for being a playground for the ultra-rich, the prosecutors said. Mr Sarkisov acquired property there via a transaction in which Mr Arnault, through one of his companies, had provided a loan, according to French daily paper Le Monde, citing the Tracfin financial-intelligence unit. It said the 55-year old Russian billionaire had acquired 14 housing units from a single seller in 2018 for €16m (£13.9m) in a complex deal involving companies based in France, Luxembourg and Cyprus. Tracfin, part of the French justice system focused on combating money-laundering, has yet to determine whether any crime had been committed, a source close to the investigation said. Mr Arnault’s LVMH group owns handbag brand Louis Vuitton, Moët champagne, Hennessy cognac, the jeweller Tiffany’s and the watchmaker Tag Heuer, among many others. His fortune is thought to be worth $164bn (£134bn), according to financial experts at Bloomberg. Mr Sarkisov’s RESO-Garantia insurance company in Moscow could not be immediately reached for comment. Le Monde cited a person close to Mr Arnault as saying the transaction had been carried out in full respect of French law. In 2019, the French tycoon, who is the richest person in Europe and second-richest after Elon Musk, pledged 200 million euros (£173m) for the restoration of Notre Dame after it was devastated by fire. Breaking news: more follows Read More First Abrams tanks arrive from US in boost for Kyiv – live Europe sweeps opening session in Ryder Cup to put USA in 4-0 hole Putin recruits former Wagner commander ‘Grey Hair’ Troshev First Abrams tanks arrive from US in boost for Kyiv – live Europe sweeps opening session in Ryder Cup to put USA in 4-0 hole Putin recruits former Wagner commander ‘Grey Hair’ Troshev
2023-09-29 20:48
India Allows Rice Exports to Singapore, Sidestepping Sales Curbs
India, the world’s biggest rice exporter, will permit shipments to Singapore despite putting restrictions on overseas sales of
2023-08-30 21:24
Trump news – live: Guy Fieri faces backlash as new book claims Trump wanted to tap White House aides’ phones
Donald Trump’s attendance at the Ultimate Fighting Championship (UFC) event in Las Vegas on Saturday night has sparked controversy after he was spotted chatting to celebrity chef Guy Fieri. Turning Point USA chief creative officer Benny Johnson, a Trump supporter, posted a picture of the two men to Twitter, referring in the caption to Fieri’s catchphrase: “Trump in Flavor Town”. Trump supporters were thrilled to see the two men together, but critics slammed Fieri for mingling with the twice-impeached former president. “Literally one of the worst cooks out there hang with worst president ever,” one person tweeted. While Mr Trump enjoyed the UFC event – also attended by podcast host Joe Rogan – a former official made shocking new claims about his time in the White House. In his new book “Blowback”, former Trump administration official Miles Taylor claimed that Mr Trump wanted to “tap the phones” of White House aides who he suspected of leaks in 2018. The idea as quickly shut down by White House Chief of Staff John Kelly who told the then-president it “would be illegal”. Read More Trump strains relations with Iowa Republicans with no-show at charity event Trump says ‘damaged’ DeSantis is ‘desperately trying to get out’ of 2024 race Trump’s encounter with Guy Fieri at UFC fight sparks mixed reactions Trump lawyer Alina Habba leaves his defence team in New York fraud case
2023-07-10 18:32
Aragon, Kazakhstan on 2024 calendar as MotoGP slates record 22 races
The Aragon Grand Prix returns to the MotoGP circuit and Kazakhstan will finally host its first race in a record 22-race calendar for 2024, which...
2023-09-27 21:04
Asana Named to Fortune Best Workplaces in the Bay Area List for the seventh consecutive year
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2023-06-13 01:34
The Government Is Mailing Out Free At-Home COVID-19 Tests Again—Here’s How to Get Them
The USPS will soon be on its way with more government-issued at-home COVID test kits. Here’s how to make sure they stop at your door.
2023-09-22 22:00
Who stars in Peacock's 'Love Island USA' Season 5? Sarah Hyland to play host on reality dating show
Season 5 of Peacock's hit show, 'Love Island USA', will take place in Fiji
2023-07-19 07:01
What happened when Gary Neville and Jill Scott swapped Twitter accounts for a week?
Gary Neville and Jill Scott swapped social media accounts for a week to see what would happen and the results were depressing. The football icons teamed up to take part in 'The Social Swap,' a Heineken campaign to highlight the issue of gender bias on X/Twitter in April and they swapped accounts for five days, continuing to share opinions on football as they normally would on UEFA Champions League matches. But unbeknown to Twitter users, for that short time, a message directed at Neville was in fact to Scott, and vice versa. One response Neville got when people thought he was Scott was: "You should probably concentrate on the girls' league." "Save your opinion for what to make for dinner," another comment said. Scott, when people thought she was Neville, on the other hand, received comments such as: "The most objective opinion I've seen from you." “I’ve seen some of the replies that have come into Jill, which were my tweets,” Neville told the Guardian. “‘Get back in the kitchen’, ‘Stick to the game you know, love’, that type of condescending, ignorant tweet … there’s no doubt that in football, women who have an opinion on men’s football basically get told to go back in their box.” Neville added the issue of equality for women’s sport has been important to him since he was a child when his mum got banned from playing football for the boys’ team in the 70s. He now watched football with his children. "The idea they can’t have an opinion on football without having their gender referred to is ridiculous,” he said. Meanwhile, Scott has experienced sexism throughout her life. “I don’t want to tell a sob story, but I remember my first day at senior school, which is daunting anyway,” Scott said. “A lot of people knew I played football. "One boy said: ‘You can’t play football, you’re a girl.’ And I stuck up for myself and chased after him. He tripped me up and I ended up in hospital with a fractured elbow. When I look back at stuff like that, that was just because I played football. I saw him in the pub recently and he came to say well done on winning the Euros … I nearly broke his elbow.” She added: “It’s moments like that where I think it has been tough and, without knowing it, from a young age I started building resilience against that,” Scott says. “Sometimes with resilience we then think we just have to take things and take comments. But I think now if girls go to school and a boy says: ‘Women’s football is crap,’ they’ll be like: ‘Well, we did win the Euros.’ They’ve got a bit of fighting talk behind them.” Scott believes "there has been a big change” in attitudes to women's sport since England won the Euros in 2022. “But we had to go out and do the unthinkable just to get a bit of respect for women’s football," she added. "Fortunately enough we did do it [win the Euros]. But I think this campaign highlights that there’s still a lot of trolls out there.” Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-09-15 18:24
Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%
A Chinese industry association has reported that sales of passenger cars rose 10.2% in October over a year earlier as makers ramped up promotions and customers opted for electric and hybrid vehicles
2023-11-08 19:19
'The Idol' episode 5 preview teases a tense end to the season
For better or worse, The Idol has nearly come to an end. Max has now
2023-06-26 17:56
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