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Burberry Reports Smaller-than-Expected Dip in Q1 Sales

Fashion · London

Burberry Reports Smaller-than-Expected Dip in Q1 Sales

50% Left coverage: 6 sources

Burberry's retail sales fell by a less-than-expected 1% in the first quarter, it said today, in early signs of a recovery for the British luxury brand struggling with underperformance.See the Story

LVMH Profits Tumble 22% as Luxury Headwinds Persist

Christian Dior · Paris

LVMH Profits Tumble 22% as Luxury Headwinds Persist

Coverage: 2 sources

Fashion and leather goods revenue declined 8% for the first half of the year, although new creative directors at Dior and Loewe could change that trajectory.See the Story

Trump’s AI Plan Calls for More Open-Sourcing Despite China Concerns

Donald Trump · United States

Trump’s AI Plan Calls for More Open-Sourcing Despite China Concerns

Coverage: 2 sources

US President Donald Trump’s “AI Action Plan” included some unexpected support for open-source and open-weight models, despite concern from members of the administration that China is benefiting from the US’ shared knowledge. The framework suggests that a strong American open-source AI network has “geostrategic value” because it could underpin businesses and academic research globally, becoming the dominant technology. “While the decision of whet…See the Story

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