The Crippling Effects of Unnecessary War

LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict. LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis,...

An Israeli airstrike in central Gaza on Sunday killed three family members, including a six-month-old baby, as the IDF continues its constant violations of the US-backed ceasefire deal. Medics told Reuters that the Israeli strike hit an apartment in the Nuseirat Refugee Camp and killed Mohammad Abu ‌Mallouh, Alaa Zaqlan, and their six-month-old infant Osama. Photos from […]

Chinese Grid Operators Resist Plans To Boost Renewables To Power AI Authored by Charles Kennedy via OilPrice.com, Grid operators are concerned that the Chinese drive to hike the share of renewable electricity powering AI would raise the risks for power firms as peak demand at data centers is difficult to forecast. Industry analysts and officials have told Reuters that the Chinese strategic priority of having renewables power the majority of electricity demand at data centers by 2030 may not be feasible. “From what we understand, they (data centers) cannot really adjust power consumption load much,”...