Luxury Brands Pivot to the U.S. as Chinese Spending Slows
The luxury goods industry sets its sights on the United States to drive growth in 2025. This shift comes as...
January 23, 2025Section
Europe and Russia
Europe is where the old industrial order is being reordered – by an energy shock, a two-speed split between a sunlit south and an open north, trade friction and a shifting security map from Ukraine to the UK. The Rio Times covers Europe for the emerging-market reader: the economies, markets, energy transition, trade and politics that move global capital and set the terms Latin America trades on. This hub gathers our daily Europe coverage and links it to the wider Global South story.
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Libya Seeks Strategic Partnership with Turkey to Boost Economic Growth
(Analysis) Libya aims to strengthen its strategic partnership with Turkey, according to recent statements from Libyan officials. The Libyan Economy...
January 22, 2025
EU Proposes €1 Billion Fund to Support Farmers in Mercosur Trade Deal
EU Proposes €1 Billion Fund to Support Farmers in Mercosur Trade Deal. EU Mercosur farmer protests coverage and expert analysis...
January 21, 2025
Leaked German Memo Predicts Seismic Shifts in U.S. Democracy Under Trump
A confidential memo from Germany's ambassador to the United States has sparked controversy. Andreas Michaelis wrote the document on January...
January 21, 2025
Lufthansa Buys ITA Airways for €325M, Takes Control of Italian Skies
In a €325 million deal, Lufthansa Group has finalized its acquisition of a 41% stake in ITA Airways, marking a...
January 18, 2025
War Consumed Nearly a Quarter of Russia’s Liquid Assets in 2024, Says Finance Ministry
The ongoing conflict in Ukraine has severely drained Russia's financial resources. According to the Russian Ministry of Finance, the war...
January 16, 2025
French A.I. Startup Mistral Valuation Soars to €5.8 Billion, Challenges U.S. Dominance
French startup Mistral AI closed a €600 million funding round on January 16, 2025. The generative artificial intelligence company's valuation...
January 16, 2025
German Economy Contracts 0.2% in 2024, Second Consecutive Year of Decline
Germany's GDP fell 0.2% in 2024, following a 0.3% drop in 2023 — Europe's longest slump in decades. See what's...
January 15, 2025
North Korean Troops Face Suicide Orders in Ukraine Conflict
Ukrainian forces captured two North Korean soldiers in Russia's Kursk region, as reported by President Volodymyr Zelensky on January 11,...
January 14, 2025