Latest news with #Richter
Hypebeast
14 hours ago
- Entertainment
- Hypebeast
Fondation Louis Vuitton to Open Monumental Gerhard Richter Retrospective
Summary Just ahead of Art Basel Paris this October,Fondation Louis Vuittonwill unveil a landmark retrospective dedicated to seminal German artistGerhard Richter. Spanning the entirety of the institution's 10-gallery space, the eponymous exhibition will mount 270 works across mediums, marking the most comprehensive survey of Richter's career to date. The exhibition builds on Richter's longstanding relationship with the Fondation, where he was first featured in its inaugural collection showcase in 2014, and now, over a decade later, the artist returns with a sweeping presentation that traces more than six decades of artistic innovation. From his earliest figurative experiments in the 1960s to his most recent abstract and glass works, completed in 2024, the exhibition will include work across mediums, including his iconic oil paintings, steel sculptures, pencil and ink drawings, watercolors and over-painted photographs, underscoring Richter's deep engagement with materiality and perception. Expect an array of Richter's most acclaimed works, among them are'Uncle Rudi'(1965),'Gudrun'(1987),'Woman Reading'(1994) and'Self Portrait'(1996), alongside his 48Portraits, Cage Paintings, SilikatandSabine mit Kindseries. Co-curated by Dieter Schwarz and Nicholas Serota, the former directors of Kunstmuseum Winterhur and Tate, the show—which promises a display'unmatched both in scale and in chronological scope'—joins a growing list of monographic exhibitions at Fondation Louis Vuitton that spotlights prolific names in modern and contemporary art, The exhibition is set to open on October 17 and will remain on view through March 2, 2026. Check out the museum's website for more information on the upcoming showcase. Fondation Louis Vuitton8 Av. du Mahatma Gandhi,75116 Paris, France
Cision Canada
19 hours ago
- Business
- Cision Canada
Canadian Food Industry Responds to Escalating U.S. Tariffs with Strategic Shifts in Supply, Pricing, and Market Focus Français
MONTRÉAL, July 15, 2025 /CNW/ - As U.S. tariffs continue to disrupt global trade, Canadian food manufacturers and distributors are taking swift and strategic action to counter the impact of rising costs, supply chain instability, and cross-border uncertainty, according to a comprehensive summary on the state of food manufacturing in Canada, released by Richter. Based on insights gathered from senior leaders across the food sector, Richter's summary reveals that companies, already navigating post-pandemic recovery, are now facing compounding trade challenges. In response, many are adopting new tactics, including renegotiating supplier contracts, diversifying supply sources, and adjusting pricing models. "Tariffs are adding cost pressure and volatility just as we're regaining stability," said one foodservice distributor consulted by Richter. "Many companies are now embedding tariff clauses and shifting suppliers entirely." Key findings from Richter's analysis include: Diversifying the supply base: Companies are reducing reliance on U.S. inputs by exploring Canadian, European, and Asian suppliers. For example, one leader in beverage manufacturing is looking closer to home and finding results; "about 40% of our raw material costs are currently US-sourced, and we plan to reduce this to about 20%. We've found some Canadian suppliers at 60-70% of US costs with better lead times." Renegotiating Supplier Contracts: Operators are renegotiating contracts to include volume-based discounts, flexible pricing terms, and risk-sharing mechanisms. One leader in the meat processing industry commented: "we negotiated volume discounts and better terms with core suppliers." Managing Input Costs: Cost-conscious changes in materials and product formats are helping mitigate inflation without major operational overhauls. Selective Price Increases: Tiered and SKU-level pricing strategies are being implemented to balance cost recovery and customer sensitivity. For example, a leading meat processor comments: "We adopted a two-tier pricing strategy: absorption on premium, pass-through on commodity SKUs." Operational Adjustments: Companies are increasing inventory buffers and warehousing capacity to manage transit disruptions and cost spikes. A leading seafood distributor comments: "We usually hold a safety stock of around eight weeks. We have pushed that out now to about 10 weeks." However, this also raises concerns about warehousing costs, which could further erode margins if not managed carefully. Despite these tactical responses, Richter warns that the sector needs a more strategic, long-term response to build resilience in the face of continued trade instability. The firm outlines six priority actions: Diversify sourcing at a strategic level Restructure cross-border operations Invest in forecasting and scenario planning tools Redesign pricing and commercial models Pursue new domestic and international markets Explore vertical integration for critical inputs "Tariff disruption is no longer a short-term issue—it's a structural shift," said the summary. "Canadian food businesses must proactively transform their supply chains, pricing strategies, and market exposure if they hope to thrive in this evolving trade environment." To read the full summary, click here. Richter is a Business | Family Office that provides strategic advice on business matters and on families' financial and personal objectives across generations. With close to 100 years of experience advising at the intersection of family and business, Richter has developed an integrated approach to help business owners find sustainable success. Whether business, personal, or both, Richter is uniquely positioned to address the needs of Canada's most successful entrepreneurs, private clients, business owners and business families and help them chart a clear path to shape their legacy for the future. Founded in 1926, Richter's 600-person multidisciplinary team continuously innovates to create value for our people, clients, and community in Canada and in the US.
Business Recorder
2 days ago
- Climate
- Business Recorder
4.4 magnitude earthquake jolts Balochistan
A moderate earthquake measuring 4.4 on the Richter scale struck parts of Balochistan late Monday night, causing panic among residents but no immediate reports of casualties or damage. According to the Pakistan Meteorological Department (PMD), the tremor was recorded at 22:31 PST on July 14, with its epicentre located 43 kilometres southeast of Kalat in Balochistan. The depth of the quake was measured at 40 kilometres beneath the surface, with coordinates of 28.88°N latitude and 67.09°E longitude. Another mild earthquake jolts Karachi Tremors were felt in several areas, including Barkhan and nearby localities such as Mehma Samand Khan, Kharrar Buzdar, Rarah Sham Radkan, and Chhapar, where residents reported walls and windows shaking during the quake. Many people rushed out of their homes in fear as the ground trembled for several seconds. Local authorities confirmed there were no immediate reports of injuries or infrastructure damage. However, emergency services have been placed on alert as a precautionary measure.
Morocco World
2 days ago
- Climate
- Morocco World
5.5-Magnitude Earthquake off Almería Coast Felt Across Northern Morocco
Rabat – A strong earthquake struck early Monday morning off the coast of Almería, southern Spain, sending tremors across the western Mediterranean that were distinctly felt in northern Morocco. According to the Spanish news agency EFE , the earthquake , which measured 5.5 on the Richter scale, occurred at 7:13 a.m. local time, with its epicenter located approximately 32 kilometers off the Almería coast, at a shallow depth of about 2 kilometers below the seabed. The quake was felt across a wide area of the Mediterranean basin, including southern Spain, Gibraltar, northern Algeria, and large parts of northern Morocco. In Morocco, residents of Tangier, Tetouan, Al Hoceima, Nador, and the occupied cities of Ceuta and Melilla reported feeling noticeable tremors. Nasser Jabour, director of Morocco's National Institute of Geophysics, confirmed that the seismic waves were strong enough to reach the Moroccan Mediterranean coastline, although no casualties or property damage were reported in either Morocco or Spain as of the time of writing. Jabour explained that the magnitude of this earthquake is considered moderate, noting that preliminary estimates indicate its impact on the Moroccan side was at level three to four on the European intensity scale. Authorities in Spain have called for calm among residents and visitors, stressing that the situation remains under control. Monitoring teams are maintaining vigilance for any possible aftershocks. Although Spain is not as seismically active as countries along major fault lines, its southern and eastern regions do experience periodic earthquake activity, sometimes strong enough to be felt widely. Tags: Earthquakemorocco earthquakespain earthquake
Local Spain
2 days ago
- Climate
- Local Spain
Q&A: What we know about the earthquake in southern Spain
An earthquake struck off the coast of Murcia and Almería this morning at 7.13 am, according to data from Spain's National Geographic Institute (IGN). It placed the epicentre at a depth of two kilometres and about 32 kilometres away from Níjar in Almería, in southeast Spain. How big was the earthquake? Initial reports this morning estimated the quake to be a magnitude of 5.5 or 6 on the Richter scale. Later on, however, Javier Fernández Fraile, a seismologist with the National Seismic Network, confirmed it was 5.4. A 5.4 magnitude earthquake is considered moderate but strong enough for people to feel it, although damage to well-built buildings is not common. Where in Spain was the earthquake felt? According to IGN data, in 57 municipalities in Almería as well as in 21 in Granada, nine in Jaén and five in Málaga . It has also been felt in the Levante area, in 27 municipalities in Murcia and seven in Alicante, as well as in Albacete, Ciudad Real, Madrid and Melilla. Some locals interviewed in the Spanish press have said the tremors lasted "around 30 seconds", others have said the movement was not very violent but that it lasted "three to five minutes". Was anyone hurt or injured? Andalusia and Murcia's 112 emergency services have reported dozens of calls due to the earthquake but have so far have not received any reports of injuries. Was there any damage to buildings? Again the 112 service confirmed that no one has reported damage to personal property. There was, however, slight damage to Almería Airport, where part of the cafeteria roof collapsed due to the aftershock around 9:55 a.m. this morning. No injuries were recorded and the airport is functioning as normal. What should I do If I'm in an area affected by the earthquake? Alerts were sent to mobile phones in the area with a set of recommendations and instructions. These included putting on shoes before moving around, even inside the home, and checking for the smell of gas. If you do smell gas, it is advisable to turn off the building's supply or evacuate if it is not possible to do so safely. The message warned of the need to avoid damaged structures, check for cracks or signs of possible collapse, and avoid touching downed power lines or using damaged chimneys. In coastal areas, people were advised to move to higher ground after the quake due to the risk of a tsunami. Is there a possibility of a tsunami? Initially warnings were sent out in coastal areas as a precaution, but the tsunami warning has now been cancelled and it is no longer considered to be a threat by the authorities. What is the likelihood of more aftershocks or another earthquake? The IGN has recorded several new tremors in the area with magnitudes between 3.4 and 1.8. This means that there could be a few more. "Possible aftershocks are not ruled out', according to Fernández. The earthquake occurred in an area of high seismic activity, located on the border between the African and Eurasian tectonic plates, so future earthquakes in the area can't be ruled out. There have been several earthquakes in the region throughout history. The worst one was in 1522 which was the most destructive ever recorded in Spain. The epicentre was in the Alpujarras in Granada, but around 80 percent of the homes Almería were also destroyed. The areas with the highest seismic activity in the country is the Cordilleras Béticas region, located in the southeast of the Iberian Peninsula. This area encompasses parts of Andalusia, Murcia, Valencia, as well as the provinces of Alicante, Almería, Cádiz, Granada, Málaga, and Murcia. Nieves Sánchez, vice president of the Official College of Geologists, warns that Málaga and Granada are currently the areas at greatest seismic risk in Spain and does not rule out the possibility of a major earthquake occurring at any time.
