Club Med Chairman Says He Was Pushed Out Amid Rift With Owner
Chairman Henri Giscard d'Estaing said in a letter to employees and a statement that he was abruptly replaced by owner Fosun Tourism Group in a move that went against a previously agreed-upon procedure.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
34 minutes ago
- Bloomberg
European Shares' Gains Aren't a Mirage
Apologies to fans of the monkey-throwing-darts hypothesis, but equity investing is supposed to be a studied approach to earnings growth rather than a lottery. Not so much this year, as Donald Trump keeps trade partners on pins and needles and forces paid prognosticators to take wild swings against their better judgment. So what to make of Europe and its outperformance against the US this year even as Trump threatens 30% tariffs against the bloc?
Wall Street Journal
34 minutes ago
- Wall Street Journal
China's New Plan to Encourage More Births Is Underwhelming
Local governments in China have tried mostly in vain to lift the country's shrinking birthrate with perks, cash rewards and housing subsidies. Now, the central government is stepping in. Beijing plans to pay a basic national subsidy of 3,600 yuan (about $500) per child each year until the age of 3, according to a central government decree released recently on local government websites. It is unclear when the subsidies would start.
Bloomberg
34 minutes ago
- Bloomberg
Work More to Earn Less: France's New Revolution
There's been only one topic of conversation in the brasseries of France this week: Prime Minister Francois Bayrou's proposal to scrap two of three public holidays in the month of May to contain the spiraling budget deficit. In the land of the 35-hour work week, this is tantamount to treason. Most of the public seems to hate it, unions have called it a declaration of war and the far right has called it a provocation. The outrage is a little overdone. Knocking off two public holidays would leave the French with nine, which looks positively Germanic — until you add their 25 paid vacation days, which gets France in almost the same ballpark as Spain. (And no need to mention the extra days that many private-sector workers get for working more than 35 hours.) And while there's been plenty of gnashing of teeth at Bayrou's description of the month of May as 'gruyere' cheese — full of holes — it's kind of true. France is a place where the calendar is a Sudoku puzzle to find the ideal combo of holidays and vacation; this year, it's been possible to strategically place five days' vacation and get 32 days off.
