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Bernard Arnault Ordered to Pay €22.5 Million in Back Taxes, Plans Appeal

Ut World July 6, 2026 0

Bernard Arnault, CEO of luxury conglomerate LVMH and France’s richest person, has been ordered by the Paris Administrative Court of Appeal to pay nearly €22.5 million in back taxes. The ruling requires Arnault and his wife to pay €12.96 million in additional tax assessments related to 2010, Continue Reading

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Puma’s 2025 Results Plunge as Restructuring Plan Targets 2027 Recovery

Ut World February 28, 2026 0

German sportswear giant Puma reported a difficult end to 2025, posting revenue of €7.3 billion—down more than 13% year on year—while operating profit swung sharply to a €357 million loss from a €549 million profit in 2024. Over two years, the company has shed €1.3 billion in revenue, reflecting currency pressures, weak consumer demand, and […]Continue Reading

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Maldives: Indian troops to exit country as China gains foothold

Ut World March 9, 2024 0

India is preparing to withdraw its initial contingent of military personnel from the Maldives due to the island nation’s shifting alignment towards China. Approximately 80 Indian troops are set to be withdrawn by Sunday, meeting a deadline set by Maldivian President Mohamed Muizzu, who has shown pro-China inclinations. The Indian military presence in the Maldives Continue Reading

Business

Centre to intervene to stabilise Rupee

Ut World September 15, 2018 0

The instability that the Indian Rupee has suffered in the recent times is the most serious issues the Indian economy is facing at this moment, as per an observer’s opinion. It is clear that some serious measures have to be taken to stabilise the Rupee, if what the observer has found out is right and […]Continue Reading

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India likely to face huge pressure from US to ditch Iran oil deals

Ut World July 5, 2018 0

India, which is the second largest oil importer from Iran after China, is likely to suffer heavy pressure from its prime western ally –the United States- to reconsider its trade relations with Tehran, including its oil import, and its infrastructural projects in the Arab nation such as Chabahar port and railway projects. Actually, even during […]Continue Reading