Multi-millionaire Owner of Ban Leonardo Del Vecchio passes away One of Italy’s richest businessmen and chairman of eyewear manufacturer EssilorLuxottica (ESLOF), Leonardo Del Vecchio, passed away on Monday at the age of 87, according to his company. The company released a statement saying, “EssilorLuxottica regrettably announces today that its chairman has passed away,” and… Continue reading Multi-millionaire Owner of Ban Leonardo Del Vecchio passes away
Due to inflation, consumers are feeling even worse about the US economy. According to a carefully watched University of Michigan survey issued on Friday, US consumer morale reached a new record low in June as inflation worries grew. The preliminary reading of 50.2 that was issued two weeks ago was slightly below the… Continue reading Due to inflation, consumers are feeling even worse about the US economy.
Chinese developers are attempting to sell homes by offering free hogs and wheat as down payments. To entice buyers, some Chinese real estate developers would do everything. The unorthodox sales techniques highlight the dismal status of China’s enormous real estate market, from accepting grain or garlic as partial payment to providing live pigs as… Continue reading Chinese developers are attempting to sell homes by offering free hogs and wheat as down payments
The G7 country with the greatest inflation is the United Kingdom British consumer price inflation hit a 40-year high of 9.1 percent last month, the highest rate among the Group of Seven nations and highlighting the severity of the cost-of-living crisis. Soaring food prices were a major factor in this increase. The reading,… Continue reading The G7 country with the greatest inflation is the United Kingdom