Latest news with #Challenges
LeMonde
09-07-2025
- Business
- LeMonde
Hermès family edges out Bernard Arnault in new ranking of France's richest
The latest issue of Challenges magazine, which hits French newsstands on Thursday, July 10, will feature a major change to its list of the 500 richest people in France. Bernard Arnault, founder of the luxury conglomerate LVMH, has lost his long-held top spot to the Hermès family and the roughly 100 descendants of Thierry Hermès (1801-1878), founder of the luxury goods group. Arnault and his family had held the number one position since 2017. Challenges valued the Hermès family fortune, which controls 66.7% of shares in the luxury house, at €163.4 billion (a 5% increase from 2024). In contrast, the wealth of Arnault and his family, who hold 48% of LVMH's capital, fell to €116.7 billion (a decrease of 38.6%), according to estimates by the business magazine based on stock market valuations. The 2025 ranking reflects ongoing changes in the luxury industry, whose growth has slowed since mid-2024. Yet Hermès outperformed its rivals in 2024. Its net profit rose by 6.8%, according to Challenges, while LVMH's fell by 17%. As a result, Arnault's conglomerate, which generates nearly €85 billion in sales, lost 25% of its value in a year, while Hermès' stock (with €15.2 billion in revenue in 2024) gained more than 2.5%.
India.com
08-07-2025
- Politics
- India.com
'India lost 1 Rafale fighter aircraft during Operation Sindoor because...', Dassault CEO rejects Pakistan's claim of..., Pakistan is now...
Rafale jet- File image Pakistan's claims on downing Rafale jets rejected: In a massive revelation exposing the propaganda of Pakistan, Eric Trappier, the Chairman and CEO of the defence company responsible for making the Rafale fighter jets used by India, has dismissed Pakistan's claims about having shot down three Rafale fighter jets of the Indian Air Force during Operation Sindoor. In an interview to French magazine Challenges, Trappier has said that 'What Pakistan is claiming about downing three Rafales is simply not true.' Why India lost one Rafale fighter aircraft during Operation Sindoor? However, the Dassault CEO has also clarified that India lost one Rafale fighter aircraft due to a technical failure at high altitude during Operation Sindoor. The Dassault CEO has further specified that the Spectra electronic warfare systems did not record any hostile engagements during Operation Sindoor, which exposes the propaganda of Pakistan. The Chairman of the company has made it clear that has no official communication from the Indian Air Force indicating any such losses have been received. 'What we already know is that what the Pakistanis are saying about destroying three Rafale planes is inaccurate,' Trappier said. In the interview just ahead of the Paris Air Show, Trappier highlighted the formidable reputation of the Rafale as a premier multirole fighter jet. 'If you want a single aircraft capable of air-to-air combat, reconnaissance, ground strikes, nuclear deterrence, and aircraft carrier deployment, Rafale is unmatched,' he asserted. What did Pakistan claim during Operation Sindoor? Notably, Pakistani Defence Minister Khawaja Muhammad Asif had earlier claimed that Pakistani forces downed five Indian aircraft, including three Rafales, and captured Indian soldiers during a retaliatory attack following India's airstrikes during Operation Sindoor. However, it has not released any evidence to support these claims. (With inputs from agencies)
The Star
22-06-2025
- Politics
- The Star
Brunei aligns with Asean vision for inclusive, future-ready education
Minister of Education Datin Seri Setia Dr Romaizah Md Salleh in a group photo. - Photo: MOE BANDAR SERI BEGAWAN: Minister of Education (MoE) Datin Seri Setia Dr Romaizah Md Salleh emphasised Brunei Darussalam's commitment to elevate higher education institutions to be globally recognised for their academic reputation, employer recognition, faculty quality and impactful research, producing workforce-ready graduates with evolving skills. She made these comments attending the Asean Ministers of Education Roundtable on Accelerating Innovative Strategies: Mitigating Out of School Children and Youth (OOSCY) Challenges, and the Asean Higher Education Ministers' Roundtable: 'Envisioning the Next Decade and Beyond'. In conjunction with the Asean-Malaysia Chairmanship 2025, the Ministry of Education and the Ministry of Higher Education, Malaysia held two ministerial meetings from June 17 to 20 in Langkawi, Malaysia. The Asean Ministers of Education Roundtable on Accelerating Innovative Strategies: Mitigating OOSCY Challenges was officiated by Malaysia's Minister of Education Fadhlina Sidek. The minister emphasised the need to tackle deficits in foundational learning, skill gaps, and youth unemployment, as these issues worsen the challenge of out-of-school children and youth. She underscored Malaysia's commitment to providing equitable access to quality education and opportunities for all young people, especially those currently out of school, to participate meaningfully in society. Dr Romaizah also presented an overview of Brunei Darussalam's Compulsory Education Act, highlighting how it has been strengthened by reducing the mandatory school entry age to five years. This crucial change aims to provide earlier access to schooling for children. To support this, a range of initiatives have been introduced, specifically to assist vulnerable groups. These include programmes like Bantuan Keperluan Persekolahan Tahunan, by providing school essentials and school feeding programmes, all designed as part of a broader effort to address educational challenge. During the Asean Higher Education Ministers' Roundtable, with the theme 'Envisioning the Next Decade and Beyond', Dr Zambry Abdul Kadir highlighted the necessity for higher education institutions to become more inclusive, agile and responsive to real-world demands in the face of rapid technological and industrial changes. Dr Zambry underlined that the goal is to enhance collaboration among governments, academia, and industry to prepare youth for future jobs and create pathways fostering an innovative and cohesive Asean that leaves no one behind. Permanent Secretary (Core Education) at the MoE Dr Shamsiah Zuraini Kanchanawati Tajuddin and officials from the Ministry of Education, Brunei Darussalam were also in attendance during the meetings. Prior to the ministerial roundtable meetings, Permanent Secretary (Core Education) at the MoE Dr Shamsiah attended the Asean Education Forum on June 8 to discuss among issues on pertinent information, research findings and sharing of best practices to enhance the accessibility of education for marginalised and disadvantaged children and youth. - Borneo Bulletin/ANN
Mint
18-06-2025
- Business
- Mint
Asim Munir USA visit: Rafale brand patron Dassault Aviation share price gains after falling 1% in a month
Dassault Aviation, the company behind the Rafale brand, saw its share price gaining less than a percent to €306.40 during Wednesday's trading session. The Rafale jet manufacturer stock has declined over 1.23 per cent, delivering flat returns. Dassault Aviation shares attracted significant investor attention after the Indian armed forces carried out Operation Sindoor on May 7, 2025. With escalating tensions between India and Pakistan, the stock initially soared by up to 66 percent before eventually giving up those gains. On June 15, dismissing Pakistan's assertion that three Rafale jets were downed during the May 7–10 conflict with India, Dassault Aviation CEO Eric Trappier called Islamabad's claims 'inaccurate.' 'The Indians haven't communicated, so we don't know exactly what happened. What we already know is that what the Pakistanis are saying is inaccurate,' Trappier told French magazine Challenges. Highlighting that the success of a military mission cannot be measured only by the lack of casualties, the Dassault CEO said, "When you operate combat aircraft, you are carrying out a mission. The mission's success is not having zero losses, it's having achieved its objectives.' The French aerospace giant produces the Rafale jets, which are the most advanced fighter aircraft in the Indian Air Force's fleet. Pakistan had previously claimed that it had shot down six Indian fighter jets during the period between May 7 and 10, amid the conflict. The hostilities began after India carried out strikes on terror camps located in Pakistan and Pakistan-occupied Kashmir under Operation Sindoor, launched in retaliation for the April 22 terror attack in Pahalgam. The Rafale jet manufacturer shares have gained giving siginificant returns over 74 per cent in a year and 62 per cent in six months. Dassault Aviation's share price is getting the attention of market bulls because Pakistan Army Chief Asim Munir is visiting the USA and meeting US President Donald Trump today, according to Avinash Gorakshkar, Head of Research at Profitmart Securities. ' The market is expecting some big defence-related announcements followed by Indian retaliation. For India, Rafale brand patron Dassault Aviation Ltd is considered a good counter option, and hence, Dassault Aviation's share price is rising today. However, this rise is entirely speculative and may not be sustained for long until and unless a concrete deal is signed between the Indian government and the defence company,' Gorakshkar said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
New Indian Express
15-06-2025
- Politics
- New Indian Express
'Simply not true': Dassault CEO rubbishes Pakistan's claim of downing Rafales
Eric Trappier, Chairman and CEO of Dassault Aviation, has categorically dismissed Pakistan's claims of shooting down three Indian Rafale jets during Operation Sindoor. In an interview with Challenges, a French magazine, Trappier affirmed that Dassault has received no official communication from the Indian Air Force (IAF) indicating any Rafale losses, firmly branding the Pakistani narrative as false. 'The reports of Indian Rafales being lost are not accurate,' Trappier stated. 'The Indians haven't communicated, so we don't know exactly what happened. What we already know is that what the Pakistanis are saying is inaccurate,' Trappier told the magazine. He further added, 'What Pakistan is claiming about downing three Rafales is simply not true.' He stressed that the outcome of modern air operations must be judged by mission objectives, not disinformation. 'When you operate combat aircraft, the goal isn't simply to avoid losses, it's to accomplish the mission,' he said, underlining that success in modern warfare is measured by strategic outcomes, not casualty counts. Drawing a historical parallel, he remarked, 'No one said the Allies lost World War II because they suffered troop losses.' 'We'll see whether there were any losses and whether the mission objectives were met. When the full truth emerges, some may be in for a surprise,' he added.
