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🇫🇷🇨🇳 The cost of living crisis has reached the people who buy Birkin bags. Shares of LVMH and Hermès have crashed about 40% this year, and the luxury giants now trade at their cheapest valuations in more than a decade. Wealthy Chinese shoppers have pulled back, war-driven inflation is squeezing spending, and Dubai’s shopping hubs have been disrupted by the Middle East war. Somewhere a billionaire is choosing between a 3rd yacht and a 4th Birkin. Tough times. Source: Bloomberg / Writer: Julie


🇫🇷🇨🇳 The cost of living crisis has reached the people who buy Birkin bags.

Shares of LVMH and Hermès have crashed about 40% this year, and the luxury giants now trade at their cheapest valuations in more than a decade.

Wealthy Chinese shoppers have pulled back, war-driven inflation is squeezing spending, and Dubai’s shopping hubs have been disrupted by the Middle East war.

Somewhere a billionaire is choosing between a 3rd yacht and a 4th Birkin. Tough times.

Source: Bloomberg / Writer: Julie


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EU-Canada ‘love story’ needs more than warm words, senior MEP warns


EU-Canada ‘love story’ needs more than warm words, senior MEP warns

European Parliament’s point man on Canada, Tobias Cremer, told Euronews that the planned “associate membership” should include an institutional framework formalising closer ties between the EU and Canada.

READ MORE : http://www.euronews.com/2026/10/23/eu-canada-love-story-needs-more-than-warm-words-senior-mep-warns

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, “Pissed off the Wrong People” – Who Taught Diddy Everything He Knows?



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Trump team preparing for potential indictment Trump team preparing for potential indictment 2:46, Trump team preparing for potential indictment




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, Former FBI director Robert Mueller, special counsel in Trump-Russia probe, dies at 81




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Firefighters pull a survivor from the rubble after a magnitude-7.0 earthquake struck China’s remote Tibet region, killing at least 16 people, according to state media.


Firefighters pull a survivor from the rubble after a magnitude-7.0 earthquake struck China’s remote Tibet region, killing at least 16 people, according to state media.
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Президент США призвал республиканцев к активности на выборах в Конгресс



Президент США призвал республиканцев к активности на выборах в Конгресс

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On this day in 1944, US and Australian warships take on what’s left of Japan’s Combined Fleet at Leyte Gulf. Remembered as the largest sea battle ever, the four-day clash shatters the Imperial Japanese Navy. ‘I felt that it was the end,’ said Japan’s navy minister, Admiral Yoni.


On this day in 1944, US and Australian warships take on what’s left of Japan’s Combined Fleet at Leyte Gulf. Remembered as the largest sea battle ever, the four-day clash shatters the Imperial Japanese Navy. ‘I felt that it was the end,’ said Japan’s navy minister, Admiral Yoni.

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Cyprus police open investigation into financial affairs of Roman Abramovich



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Investors Pause AI Selloff as Nasdaq Futures Edge Up


Plus: Luxury stocks sink amid signs a long-awaited rebound hasn’t materialized. And oil prices rise as Iran threatens a wider retaliation to any U.S. escalation. Daniel Bach hosts. Sign up for WSJ’s free What’s News newsletter . Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.