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World Economy Apr 10, 2026

Stefano Gabbana Resigns as Chair of Dolce & Gabbana Amid Debt Negotiations and Potential Stake Sale

Co‑founder Stefano Gabbana stepped down as chair of Dolce & Gabbana on 1 January 2026, citing a nat…
Stefano Gabbana left his post as chair of Dolce & Gabbana effective 1 January 2026, describing the move as part of a "natural evolution" of the company’s organisational structure and governance.The luxury house stressed that the resignation will not affect Gabbana’s creative responsibilities within the group.According to Bloomberg, Alfonso Dolce – Domenico’s brother and the group’s chief executive – assumed the chairmanship in January, taking over the role from the co‑founder.Sources indicate that Gabbana is exploring options for his 40 % equity stake as the brand continues negotiations with its bank lenders. In parallel, former Gucci chief Stefano Cantino has been appointed to a senior management position as part of the reshuffle.A D&G spokesperson added that the company “has no statement to make at this time” regarding its debt position, as talks with banks remain ongoing.The Italian label, founded in 1985, is grappling with a slowdown in the high‑end fashion market, a trend intensified by uncertainty surrounding the war in Iran – a region that represents a crucial market for luxury brands.In March, Dolce & Gabbana hired Rothschild & Co as its financial adviser to prepare for creditor discussions. At that point the group carried €450 million (£391 million) of bank debt, incurred after a 2025 refinancing aimed at supporting a new growth strategy while preserving independence. Lenders had temporarily waived certain borrowing terms.Ownership of the company remains split: each designer holds a 40 % stake through a holding vehicle, while the remaining shares are owned by Alfonso Dolce and their sister Dorotea.Founded by Stefano Gabbana and Domenico Dolce, the brand quickly became synonymous with a “molto sexy” Italian aesthetic, gaining global visibility after Madonna commissioned costumes for her 1993 Girlie tour. By 2009, Dolce & Gabbana reported a turnover of €1 billion.Despite its commercial success, the house has faced a series of controversies over the past 15 years, ranging from accusations of racism and homophobia to backlash over culturally insensitive advertising, which have at times threatened its market position.
#gabbana #dolce #amp
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World Apr 10, 2026

Iran's Nuclear Leverage Grows Amid US-Israeli Conflict

The ongoing conflict between the US and Israel and Iran has given Tehran new leverage in its nuclea…
The ongoing conflict between the US and Israel and Iran has significantly altered the dynamics of the nuclear programme negotiations. Former US envoys who dealt with Iran have stated that the US-Israeli attack on Iran and Tehran's subsequent closure of the Strait of Hormuz have given Iran new tools and resolve to resist pressure to shutter its nuclear programme.Two senior negotiators for the Joint Comprehensive Plan of Action (JCPOA), the Obama-era agreement to limit Iran's nuclear uranium enrichment in exchange for sanctions relief, said the Trump administration's war had handed Iran a coveted weapon by demonstrating its ability to cut off the Strait of Hormuz, an economic chokehold that one negotiator said would help Iran 'balance the asymmetry of power' with the US.Alan Eyre, a former diplomat who helped negotiate the JCPOA, noted that 'this administration, to say it more politely, cannot unsoil the bed. There's no way to get back to the status quo ante before this war started.'In 2018, Donald Trump withdrew the US from the JCPOA, which barred Tehran from enriching its uranium to weapons-grade. Trump called the deal 'one of the worst and most one-sided transactions' the US had ever entered into.However, after a strategy of high pressure – first through returning sanctions and then, after Trump's return to power in 2025, a war that was meant to destroy Iran's nuclear and ballistic missile capabilities – the current US administration has found itself in more complex negotiations than before its campaign of economic and military strikes.Robert Malley, a Yale lecturer who was former special envoy to Iran under Joe Biden and a lead negotiator on the JCPOA, said: 'The strait of Hormuz wasn't an issue before the US decided to strike. You have all the issues inherited from the past, but you just added a few, because the US has handed Iran a tool that it always had, but it never thought of using, or never felt it could.'The chances for a comprehensive agreement addressing all of the US and Iran's grievances appear slim. While the Obama administration sought to negotiate exclusively on Iran's nuclear programme in the lead-up to the 2015 agreement, the Trump administration has sought a broader deal limiting Iran's ballistic missiles programme and its support for regional proxies, such as Hezbollah in Lebanon and the Houthis in Yemen.
#iran #trump #administration
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Politics Apr 10, 2026

Hezbollah's Role in Iran Ceasefire Talks Sparks Stalemate

Hezbollah's involvement is a major obstacle in Iran ceasefire negotiations, complicating efforts to…
The ongoing Iran ceasefire talks have hit a roadblock, with Hezbollah's role emerging as a significant sticking point. The militant group's involvement in the negotiations has raised concerns among various stakeholders, making it challenging to achieve a peaceful resolution.Hezbollah, a Shiite Islamist organization based in Lebanon, has been closely aligned with Iran, which has been a key player in the conflict. The group's presence in the talks has sparked fears that Iran's interests may not be fully addressed, potentially undermining the ceasefire.Efforts to broker a ceasefire have been ongoing, with multiple parties involved in the negotiations. However, the issue of Hezbollah's involvement has complicated matters, highlighting the complexities of the conflict and the need for a comprehensive solution.
#Hezbollah #Iran #Ceasefire negotiations
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Politics Apr 10, 2026

Netanyahu Calls for Direct Talks with Lebanon Amid Ongoing Conflict

Israeli Prime Minister Benjamin Netanyahu has called for direct talks with Lebanon 'as soon as poss…
Israeli Prime Minister Benjamin Netanyahu has announced that his government is ready to hold direct talks with Lebanon, following a series of devastating Israeli attacks that killed over 300 people and threatened a fragile US-Iran ceasefire.In a statement released on Thursday, Netanyahu said that the negotiations will focus on disarming Hezbollah and establishing peaceful relations between Israel and Lebanon. This move comes a day after Israeli attacks across Lebanon resulted in significant casualties and raised concerns about the stability of the region.The Israeli attacks have killed at least 303 people and wounded over 1,000 in central Beirut and other areas of Lebanon. Lebanon's Prime Minister, Nawaf Salam, has declared Thursday a 'national day of mourning' in response to the attacks.Netanyahu's announcement comes as Hezbollah has rejected direct negotiations with Israel, stating that the Lebanese government should demand a ceasefire as a precondition before further steps. An official source has also confirmed that there will be no talks before a ceasefire is secured.The situation remains volatile, with Iranian President Masoud Pezeshkian warning that Israeli strikes on Lebanon would render negotiations meaningless. The US and Iran are set to meet in Islamabad, Pakistan on Saturday for talks on ending the war, with concerns growing about the impact of the conflict on the fragile ceasefire deal.
#Benjamin Netanyahu #Hezbollah #Lebanon
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News Apr 10, 2026

US Democrats Urge Trump to Enforce Iran Ceasefire in Lebanon

US Democrats warn President Trump that Israel's attacks on Lebanon risk collapsing the US-Iran ceas…
A group of US Democrats has strongly condemned Israel's intensifying attacks on Lebanon, warning that the escalation threatens to undermine the fragile ceasefire between the US and Iran. The attacks, which have killed at least 303 people in Lebanon, have sparked concerns that the ceasefire may not hold if Israel continues its aggression.Congress members, including centrist and progressive Democrats, have urged President Donald Trump to take action to rein in his ally, Israeli Prime Minister Benjamin Netanyahu, and ensure that the ceasefire applies to Lebanon. They argue that Netanyahu's actions are not aligned with US interests and risk drawing America into a broader regional war.Pakistan, which mediated the ceasefire, had explicitly stated that the truce applies to Lebanon. However, Israel and the US have contradicted this account, with Trump and his aides denying that Lebanon is part of the deal. This has sparked concerns about the viability of the ceasefire and the potential for further conflict in the region.Democrats on the House Foreign Affairs Committee have slammed the US response, saying that such a misunderstanding during high-stakes negotiations would be a sign of incompetence. They are calling on Trump to pressure Israel to stop its attacks on Lebanon and ensure that the ceasefire holds.
#lebanon #ceasefire #israel
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Politics Apr 10, 2026

Iran's Khamenei Claims 'Final Victory' Over US and Israel Amid Fragile Ceasefire

Iran's supreme leader, Mojtaba Khamenei, claims a 'final victory' over the US and Israel in their r…
Iran's supreme leader, Mojtaba Khamenei, has declared a 'final victory' in the war against Israel and the United States, despite a fragile ceasefire being threatened by Israel's continued offensive on Lebanon.Marking 40 days since his father, Ayatollah Ali Khamenei, was killed in a US-Israeli attack, Khamenei stated that Iran had 'astonished the world' during the course of the war. He emphasized that Tehran is not seeking war but is fighting for its legitimate rights.Khamenei warned that Iran will not leave 'criminal aggressors' unpunished and will demand compensation for damages and the blood of martyrs and the wounded. He also mentioned that Iran will move towards a 'new phase' regarding the Strait of Hormuz, which has been effectively blockaded since the war began.The US and Iran agreed to a two-week ceasefire mediated by Pakistan, allowing for negotiations to take place. However, Israeli air strikes across Lebanon on Wednesday killed over 300 people, threatening the truce amid disagreements on whether Beirut was part of the agreement.Khamenei stated that Iran is ready to respond if attacks resume, saying 'our hands are on the trigger'. Despite this, he emphasized that Iran will not renounce its legitimate rights under any circumstances, considering the entire resistance front as a whole.Delegations from Iran and the US are expected in Pakistan on Saturday to hold talks on ending the war.
#Iran #Khamenei #United States
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News Apr 09, 2026

Israel's Lebanon Attacks Threaten US-Iran Ceasefire

Israel's recent attacks on Lebanon have raised concerns about the fragility of the US-brokered ceas…
Hours after the US and Iran announced a ceasefire, Israel launched a series of airstrikes on Lebanon, killing hundreds and injuring thousands. The attacks have been widely condemned, with many questioning whether Israel's actions were intended to undermine the ceasefire.The bone of contention lies in whether or not Israel's strikes on Lebanon were included in the ceasefire agreement. Pakistan, which brokered the deal, said they were, while Israel claimed they were not.The US has sided with Israel, with President Donald Trump calling the violence in Lebanon 'a separate skirmish'. However, this stance has been met with criticism from many, including Iran, which has reimposed its blockade of the Strait of Hormuz in response to the attacks.Israel's Prime Minister Benjamin Netanyahu has faced intense political pressure since the US and Iran signed the ceasefire, which had little or no active involvement from Israel. Netanyahu's war aims have not been achieved, angering those who supported the war.Under the terms of the truce, a 10-point peace plan put forward by Iran has been accepted as a starting point for negotiations. However, Israel's attacks on Lebanon have raised concerns about the viability of the ceasefire and the potential for further escalation in the region.Some analysts have accused Israel of trying to prolong the broader war against Iran and collapse any ceasefire prospects. 'Israeli officials will no doubt claim that this was a super sophisticated operation against necessary security targets', but others see it as an attempt to 'act as provocateurs-in-chief'.The attacks have also sparked criticism within Israel, with opposition leaders Yair Lapid and Yair Golan condemning Netanyahu's actions and accusing him of lying about the war aims and outcomes.
#israel #lebanon #iran
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Video Apr 09, 2026

Israeli Settlers Enter Al‑Aqsa Mosque Compound After Reopening, Escalating Jerusalem Tensions

On 9 April 2026, Israeli settlers entered the Al‑Aqsa Mosque compound shortly after it was reopened…
On 9 April 2026, a group of Israeli settlers moved into the Al‑Aqsa Mosque compound in Jerusalem shortly after the site was reopened to worshippers. The incursion, reported by Al Jazeera, sparked immediate concern among Palestinian authorities and international observers, who warned that such actions could further inflame long‑standing tensions over the holy site.Witnesses described the settlers as storming the compound, prompting a rapid response from local security forces attempting to restore order. The episode underscores the fragile security environment surrounding the Temple Mount/Haram al‑Sharif area, a flashpoint in the Israeli‑Palestinian conflict.Analysts note that the incident may have broader implications for diplomatic efforts in the region, potentially affecting ongoing negotiations and the stability of the broader Middle East. The event also raises questions about the enforcement of access agreements that govern the sensitive religious site.
#israeli #settlers #storm
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News Apr 09, 2026

US and Iran to Hold Crucial Talks in Pakistan Amid Ongoing Conflict

High-stakes negotiations between the US and Iran are set to take place in Pakistan this weekend, ai…
Pakistan's capital, Islamabad, is preparing to host critical talks between US and Iranian officials this weekend, in a bid to revive a faltering ceasefire and bring an end to the devastating conflict in the Middle East.The negotiations, scheduled to begin on Saturday, will be led by US Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf, with Pakistani officials facilitating the discussions.The talks are taking place against a backdrop of escalating tensions in the region, with Israel's intensified bombing of Lebanon and Iran's attacks on its Gulf neighbors. A two-week ceasefire was agreed upon by both Washington and Tehran, facilitated by Pakistan, but it is already under strain.Key issues on the agenda include Iran's 10-point proposal for peace, which calls for Iranian oversight of the Strait of Hormuz, the withdrawal of US combat forces from the Middle East, and a halt to military operations against allied armed groups. The US has not formally accepted these terms, but President Trump has described the plan as 'workable'.One of the major obstacles to a lasting settlement is Israel's continued aggression in Lebanon, which has resulted in over 200 deaths. Iran has warned that it may abandon the ceasefire if Israeli strikes continue, while the US has insisted that the ceasefire terms do not cover Lebanon.Despite the challenges, analysts believe that a modicum of agreement between the US and Iran on key issues, such as the nuclear issue and the Strait of Hormuz, may be possible. However, Israel's absence from the talks is seen as a significant structural challenge to a lasting settlement.
#talks #pakistan #iran
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