
French shipping giant CMA CGM offers to buy Air Belgium
PARIS, April 30 (Reuters) - French shipping giant CMA CGM announced on Wednesday an offer to buy Air Belgium, which would strengthen CMA CGM's presence in the aviation sector.
CMA CGM, which also owns an 8.8% stake in Air France KLM (AIRF.PA), opens new tab, said it would keep the Air Belgium brand and that its takeover would safeguard 124 jobs at Air Belgium.

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Reuters
19 minutes ago
- Reuters
UK mortgage approvals fall in April
LONDON, June 2 (Reuters) - The number of mortgages approved by British lenders for house purchase fell to 60,463 in April from 63,603 in March, Bank of England data showed on Monday. Economists polled by Reuters had forecast that there were 63,000 mortgage approvals in April.


Fashion United
an hour ago
- Fashion United
Dior confirms Jonathan Anderson as creative director
Jonathan Anderson has assumed the entire creative direction at Dior. The Northern Irish designer will oversee the women's, men's and haute couture collections, the French fashion house announced on Monday on the social media platform Instagram. He will present his first collection for Dior Men on June 27 during Paris Fashion Week. 'It is a great honour to join the House of Dior as creative director of both Women's and Men's collections," said Anderson in a quote on LinkedIn. "I have always been inspired by the rich history of this House, its depth, and empathy. I look forward to working alongside its legendary ateliers to craft the next chapter of this incredible story.' Anderson takes over for Chiuri Speculation had long been rife about whether Anderson might take on this role. After he was appointed the new menswear head in mid-April and the departure of Maria Grazia Chiuri, the fashion house's previous artistic director, was officially announced at the end of last week, expectations grew even higher. 'I have followed [Anderson's] career with great interest since he joined the LVMH group over ten years ago," said Dior CEO Delphine Arnault. "I am convinced that he will bring a creative and modern vision to our House, inspired by the fabulous story of Monsieur Dior and the codes he created. He will be supported by our teams and our incredible ateliers who will bring his creativity to life.' Anderson joins Dior from Loewe. He served as chief designer at the Spanish fashion house, which, like Dior, is part of the French luxury goods group LVMH, for 11 and a half years. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@


Reuters
2 hours ago
- Reuters
South African rand gains before manufacturing PMI, vehicle sales data
JOHANNESBURG, June 2 (Reuters) - The South African rand gained some ground against a weaker dollar in early trade on Monday, ahead of a purchasing managers' index (PMI) survey for the domestic manufacturing sector and vehicle sales figures. At 0602 GMT, the rand traded at 17.9475 against the dollar , about 0.2% firmer than Friday's closing level. The Absa PMI for May is set to be released at 0900 GMT and will shed light on manufacturing conditions in Africa's most industrialised economy. Local investors will then turn their focus to vehicle sales (ZAVEHY=ECI), opens new tab data due around 1200 GMT, giving a snapshot of consumer demand for big-ticket items. Nedbank economists said they expect annual growth in new vehicle sales to have accelerated from 11.9% in April to 20.4% in May, reflecting last year's low base and easing financial conditions due to interest rate cuts. The dollar last traded about 0.2% weaker against a basket of currencies as U.S.-China trade tensions continued to simmer and investors turned defensive ahead of U.S. jobs data. South Africa's benchmark 2035 government bond was little changed in early deals, with the yield up 0.5 basis points at 10.16%.