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Watches of Switzerland Shares Plummet Following Rolex's Acquisition of Bucherer

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Summary: Watches of Switzerland shares are experiencing a significant decline in the London markets following the news of Rolex 's acquisition of Bucherer . The acquisition marks the latest chapter in the century-old relationship between Rolex and Bucherer . Swiss competition regulators are examining the takeover's potential impact on Bucherer 's global supplier relationships . Watches of Switzerland emphasizes that there will be no disruption to Bucherer 's regular business operations due to the acquisition . Despite the historic...

BRICS: An economic club or a G7 challenger? - BBC Newsnight

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Summary: BRICS , a group of developing countries including Brazil, Russia, India, China , and South Africa, is expanding and gaining influence on the global stage. The organization faces challenges in balancing its economic goals with geopolitical considerations and maintaining relations with Western powers. China 's role in BRICS raises questions about the organization's direction and potential anti-Western stance. BRICS seeks to share global power with other middle powers and redefine the global order. ...