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.

Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.

Marine Le Pen, leader of the National Rally party, was recently convicted by a French court of embezzling European Union funds, resulting in a five-year ban from holding public office. This ruling marks a significant setback for her political career and her ambitions for the presidency.

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