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Mulberry reported a 19% revenue decline to £56.1 million for the six months ending September 28, 2024, amid a challenging luxury market. Newly appointed CEO Andrea Baldo announced a strategic overhaul, including cutting 85 jobs, as the company seeks to return to profitability in a difficult economic environment.
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The US Navy's missile defense operations have incurred significant costs, totaling $1.85 billion from October 2023 to October 2024. This expenditure raises concerns about sustainability and the availability of interceptors like the SM-3, especially amid evolving threats from Iran and China.
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As Egypt and Saudi Arabia enhance their tourism offerings, travelers are drawn to rich cultural experiences and luxurious resorts. Egypt's historical sites and Saudi Arabia's modern attractions are reshaping perceptions, making these destinations increasingly appealing for global tourists.
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Recent Houthi attacks in Yemen's Hadramawt province have raised tensions as US airstrikes target Houthi positions. The assaults coincide with ongoing maritime threats in the Red Sea, highlighting the Houthis' evolving military capabilities and their ties to Iran and Hezbollah.
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The Iran-backed Houthi rebels have escalated missile and drone attacks on military and civilian vessels in the Red Sea, prompting a robust response from the US Navy. Concerns grow over potential Russian support for the Houthis, which could further destabilize the region and disrupt global shipping routes.