Quick Glance: Highlights from Milan Fashion Week
- Cate Blanchett and Juliette Binoche at the Giorgio Armani show for the Spring/Summer 2024 collection.
- Dolce & Gabbana showcases its latest creations for the Spring/Summer 2024 collection.
Quick Glance: Dutch 'Indiana Jones' Art Detective Recovers Stolen Van Gogh
- Arthur Brand, in cooperation with the Dutch police, has solved this case.
- Brand was informed by a criminal source about the purchase of the stolen Van Gogh.
- The man, Peter Roy K., is currently in prison for another crime.
- The painting was retrieved in close coordination with the Dutch police.
Quick Glance: Toyota suspends production at two Japan plants after supplier accident
- Toyota has temporarily halted operations at three production lines in two domestic plants following an accident at a supplier.
- The accident at supplier Chuo Spring, which manufactures engine and valve springs for vehicles, also caused production disruption at Toyota Auto Body and Toyota Industries subsidiaries.
- A spokesperson for Chuo Spring stated that an explosion occurred at their Fujioka plant, resulting in facility damage. The police and fire department are currently investigating.
- Toyota will decide on Tuesday whether to resume production at the affected plants on Wednesday, according to the spokesperson.
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Quick Glance: Citigroup surpasses forecasts on greater loan income; shares rise
- Analysts were informed by Chief Executive Officer Jane Fraser that the bank is preparing for a small recession later this year, which might be exacerbated by a more severe credit constraint.
- Citi's deposits were roughly steady year on year at $1.33 trillion, as investors transferred their wealth into money market funds in search of higher payouts.
- However, Fraser and Mason told analysts that the bank observed an increase in deposits in March, primarily from companies.
- Nonetheless, the bank experienced an increase in investment grade debt issuance in the first quarter and anticipates a rebound in investment banking activity in the second half of the year.
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