Stichting Pensioenfonds ABP Sells Tesla Stock Europe’s largest pension fund Stichting Pensioenfonds ABP has sold its entire EUR 571 million (approximately USD 585 million) stake in Tesla Inc in the third quarter, partly due to disagreement with Elon Musk’s compensation package. First reported by Dutch newspaper Het Financieele Dagblad, the article stated that poor working conditions at…
The wine industry is at a turning point as the world enters a new financial quarter in 2025. This is driven by changing political environments, consumer tastes, and the unrelenting advance of climate change, affecting how wine is made, sold, and consumed worldwide. LUXUO aims to predict five significant changes impacting the global wine trade…
This year, the beauty and wellness industry is witnessing an exciting fusion of innovation and tradition. As modern technologies and ancient beauty philosophies converge, various brands are reinventing skincare and beauty products to balance efficacy, sustainability, and indulgence. With the rise of mindful consumerism, the new mantra is about simplifying routines and elevating experiences, with…
Andrew Pang, Suntory Global Spirits Regional Brand Ambassador, S.E.A 2025 marks a new chapter for LUXUO as it sharpens its focus on its unique selling point: profiling corporate leaders and business entrepreneurs. As part of this evolution, LUXUO is excited to introduce the LUXUO Lens series, spotlighting visionary leaders. In the inaugural edition, LUXUO sits…
Collin Seow, the founder of SF5 Pte Ltd (a ACRA-registered entity that has been operating for over 11 years in Singapore) and a seasoned trader, has spent years perfecting his craft and sharing his knowledge with aspiring traders. From his first trade in Singapore stocks to devising the TradersGPS system, Seow’s journey is one of…
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Syria’s debt to Iran is estimated at USD 30 billion. This figure, originating from the Office of the Iranian Presidency, was leaked in August 2023. It represents the price Iran has paid since 2011 to keep Assad in power. The repayment of this massive debt is all the more unlikely given that those now in…
The Golden Globes is back for its 82nd edition, officially kicking off awards season with a cascade of couture, charisma, and enough sparkle to rival the night sky. From boundary-pushing timepieces to breathtaking high jewellery, these standout looks redefined red carpet glamour. Hiroyuki Sanada in IWC BEVERLY HILLS, CALIFORNIA – JANUARY 05: Hiroyuki Sanada attends the 82nd…
The latest Amels 60 features exterior design by Espen Øino; CGI render Damen Yachting announced the sale of the latest Amels 60 hull, in late December, 2024 The owner of the new 197-footer Amels 60 Project 6007 was represented in the sale by Rory and Sean Moran from Moran Yacht & Ship who are also…
As luxury fashion brands face intensifying competition for profit margins, 2025 has already witnessed the industry’s leading players taking decisive actions to shape the competitive landscape. LVMH-backed investment firm L Catterton acquired a majority stake in Japanese denim brand Kapital, adding to its extensive brand portfolio. Meanwhile, Kering made headlines with fashion’s first entertainment company…