Italian prosecutors have accused AZ Operations, a subcontractor of LVMH-owned Dior, of exploiting unregistered workers, exposing major flaws in the luxury goods giant’s auditing and oversight practices. The investigation, reported by Reuters, revealed that despite passing official audits in 2023, AZ Operations was allegedly operating as a front for New Leather Italy, a company that … Read more
The Karachi Port Trust (KPT) is facing criticism for recommending a vital dredging contract to a non-compliant Chinese company, despite strong opposition from its technical committee, according to a report. The move raises transparency concerns over public procurement processes and threatens critical infrastructure deadlines. The contract includes maintenance dredging of 4 million cubic meters of … Read more
Nvidia, the American semiconductor giant, is seeking European regulatory approval for its proposed $700 million acquisition of Israeli artificial intelligence startup Run:ai, following a request from the Italian antitrust watchdog. Although the acquisition does not meet the EU’s usual revenue threshold for review, the Italian Competition Agency has cited potential risks to fair competition within … Read more