Europe

Italian police have conducted raids at the offices of luxury brands, including Bulgari and Chanel, amid allegations of labour exploitation involving Chinese subcontractors. This investigation by Milan prosecutors targets multiple firms, including Prada and Givenchy, highlighting concerns over supply chain practices within the luxury sector.

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Ukrainian President Volodymyr Zelenskyy has dismissed Mykhailo Fedorov as Defence Minister following a cabinet reshuffle. Fedorov confirmed his removal on social media, reflecting on his contributions and the need for continued military reform. Interior Minister Ihor Klymenko is expected to succeed him.

The world’s wealthiest five men have more than doubled their fortune since 2020 from $405 billion to $869 billion last year, the charity Oxfam said Monday in a report published as the global elite hobnob at the World Economic Forum in Davos this week. Yet since 2020, nearly five billion people worldwide have grown poorer, Oxfam said. Pointing to the level of “staggering, obscene inequality”, Oxfam International Interim Director Amitabh Behar told FRANCE 24’s Yuka Royer that the world is “entering into an era of billionaire supremacy”.

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