Baku Energy Week 2025 showcases Azerbaijan's energy diplomacy, renewables and regional influence
Baku Energy Week, a key event in the global energy calendar, attracts over 2,000 delegates and 240 companies annually. Now in its 30th year, it highlights Azerbaijan's commitment to installing 6.5 GW of renewable capacity by 2030, representing over 35% of its energy grid.
The event also underscores Azerbaijan's strategic role in energy diplomacy, with pipelines linking the Caspian Sea to Europe via the Southern Gas Corridor.
Discussions focus on balancing energy security, green transition, and geopolitical cooperation, reflecting Azerbaijan's evolving energy ambitions and partnerships with global players like Germany and Masdar.
Renault's share prices had dropped by 6.9% by early afternoon in Paris, while Kering was traded 9.6% higher, as Luca de Meo, the Italian CEO of Renault Group, suddenly resigned from his post on Sunday.
According to media reports, he will join the struggling Gucci-owner Kering as the global Luxury group's new CEO.
French carmaker Renault announced the departure of its CEO on Sunday evening, saying that Luca de Meo will stay on until 15 July 2025 and that the process to appoint a new Chief Executive Officer has already begun.
The Italian CEO has been in office for five years and saw Renault's share price nearly double under his watch as he oversaw a post-pandemic turnaround at Renault.
'For 5 years, Luca de Meo worked to put Renault Group back where it belongs. Under his leadership, our company has found a healthy base, it now has a magnificent range of products and has returned to growth,' said Chairman of the Board of Directors Jean-Dominique Senard.
Even though Kering has yet to confirm the appointment, hiring Luca de Meo fits the firm's efforts to transform the debt-laden luxury conglomerate.
The French fashion house, which owns brands including Gucci and Saint Laurent, has been struggling for years. The company has recently posted worse-than-expected results for the first quarter of the year. Sales of its flagship brand, Gucci, fell by 25%.
Kering has lost nearly 80% of its share price since 2021.
The 58-year-old Italian executive is going to be appointed as the CEO of Kering within the next few days, Bloomberg News reported, citing unnamed sources.
Kering's current CEO and President, François-Henri Pinault, appears to have decided to separate the two roles, with him retaining the latter, in an attempt to reorganise the struggling brand.
Kering has not responded immediately to Euronews' request for comment.
As for the next CEO of the Renault Group, several names are circulating, including Denis Le Vot, Dacia's CEO and Maxime Picat, director at rival Stellantis. Renault have yet to confirm any names.
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Local France
an hour ago
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France shuts Israeli weapons booths at Paris Air Show
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Fashion Network
an hour ago
- Fashion Network
Casio launches its first automatic timepieces
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Fashion Network
an hour ago
- Fashion Network
Vivatech: Innovations to remember from the 2025 edition
The Parisian innovation event Viva Technology has changed significantly since its launch in 2016. Robots, drones, and vehicles, once omnipresent, have gradually faded away, as have metaverses. This has paved the way for personalization solutions, soft mobility, and sustainable approaches, which provides an overview of. At the center of the show were the pavilions of French giants LVMH and L'Oréal Paris. The former, which presented its awards on Thursday, June 12, showcased its Machine Zero tool for detecting impurities in cashmere, as well as the Reflex Logistic augmented reality business management tool used by Dior. The Rigsters product digitization tool, developed by OKCC, was also on display, along with its bottle-decorating robotic arm. On the Bulgari side, the Dev4side product authentication tool was featured, alongside a virtual pinball machine and a Sephora vending machine. The L'Oréal pavilion was no less busy, where visitors could try a variety of services, such as the Noli personality diagnosis tool launched a year ago, a Hyperlook Studio providing make-up advice, La Roche-Posay 's dermatological suggestion device, and Lancôme 's "nano-surfacer". Beauty Genius enabled visitors to experiment with the creation of personalized campaigns using artificial intelligence (via AI from Adobe, Omi, or Google). However, Cosmo International was the most intriguing, with its process for capturing the real scent of flowers without the use of chemicals, as explained by Valentino 's Private Talk fragrance over the past year. Not far away, at the Meta stand (notably, Facebook and Instagram), the ambitions of metaverses invading both private and professional life have fizzled out. Yet, crowds kept flocking to try the camera glasses developed with Ray-Ban. There was another pair of eyeglasses that drew attention on the Elcyo stand. With a crystallized lens that analyze gaze trajectory, these glasses adjust sharpness in real-time. Engo offered augmented-reality eyewear for sports activities. Linné Paysage presented Bionocta, a light devoid of harmful blue waves, which won a gold medal at the Concours Lépine, created by the artistic directors of the Texworld trade shows. On the sound front, Skyted offered a headset that enables listeners to understand you almost in a whisper, even amidst a hubbub. Enough to interest major retailers. Likewise, the virtual showcase concept from AWS, courtesy of Amazon, allowed customers to virtually try on a look through projection on a glass screen. France's Holoprods offered screens that create the illusion of a hologram projected into the air, which can be interacted with. Fashion and beauty In clothing, Ashirase offered a directional guidance system integrated into shoes, operating through vibration, particularly designed for the visually impaired. In the same vein, Vibra's haptic feedback screens facilitate interaction with software. Even more intriguing was the Sensora headset, which measures in real-time the emotional impact of a product, campaign, or experience (visitors were offered macaroons, as an example). The Vrai tool can detect counterfeit goods, as demonstrated with two Lacoste polo shirts (one of which is fake). Optikan analyzes material structures, from wool to cardboard and wood. Still on materials, VivaTech was an opportunity to discover EFpolymer, a 100% organic, biodegradable polymer with superabsorbent properties. The same goes for United silk, whose process extends silk's applications to food and cosmetics packaging, and even medical tools. Italy's Damo presented its certification tool for the fashion industry. While Metown showcased its 3D product scanning tool, GenAI continued to broaden the possibilities of 3D printing. In beauty, Nocibé showcased its luminous brands and facial and skull helmets, while Evelab Insight explained its facial analysis device used by Shiseido, Body Shop, and Estée Lauder. Transport and logistics In logistics, Pony's sailing transport solutions were on display, while GBMS specialized in container security analysis. Appload acts as an intermediary between companies and shippers. Okular Logistics focused on heavy-duty corporate moves, while Optioryx optimized warehoused flows. DPD (La Poste) presented its rolling robot for deliveries, as well as a tricycle dedicated to fresh produce. Soft mobility was indeed present at every corner of the show. Besides Newt's futuristic autonomous minibus, bike carriers from Pelican, South Africa's Mellowvans, and Maillon Mobility were on offer. The Strasbourg-based company Karbikes provided a variation of this type of vehicle, while the ultra-low consumption U Live car garners attention.
