MILAN, Italy — While the global luxury sector faces a pronounced slowdown, Italian high-fashion house Brunello Cucinelli continues to demonstrate remarkable financial resilience. The brand announced it is raising its full-year 2026 sales growth expectations to 12%, bucking the downward economic trends currently plaguing massive multi-brand conglomerates like LVMH. Exceptional Third-Quarter Performance The upward revision follows a stellar third-quarter financial report. Driven by sustained demand across international markets, the luxury label achieved a 13.5% surge in third-quarter revenue, with sales reaching...

Read more

Belgian biopharmaceutical pioneer and EACCNY premium member Flen Health has achieved a critical regulatory milestone in its expansion into the United States healthcare market. The company announced a successful pre-IND (Investigational New Drug) meeting with the U.S. Food and Drug Administration (FDA) for its highly anticipated topical drug candidate, VES gel. The advanced, enzyme-based formulation is designed specifically to treat chronic diabetic foot ulcers, a widespread and severe medical condition that currently lacks highly effective, rapid-healing therapeutic options. Following positive alignment...

Read more

German biofuel company Synthec Fuels AG announced a massive $1.5 billion expansion into the U.S. to build a sustainable aviation fuel (SAF) refinery in Hayward, WisconsinSupported by a $120 million tax incentive package, the facility will partner with Johnson Timber to convert 900,000 tons of woody biomass into 50 million gallons of eco-friendly jet fuel annually. The project serves as a major economic game-changer for the region's rural economy. The incentive package was signed into law specifically to target the...

Read more

More than four-fifths (84%) of surveyed security and finance leaders expect cyber budgets to rise over the next twelve months—up from 78% last year—as nearly three-fifths (58%) cite AI in their top cyber budget priorities Even as frontier AI models are rolled-out, less than two-fifths (39%) have a fully formalised and operational continuity plan that specifically addresses cyber risks Half (50%) identify attacks targeting AI systems among the cyber threats they’re least prepared to address, yet just over...

Read more

LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €57.1 billion in the first nine months of 2026. Organic revenue growth came to 2%. Backed by its diverse range of businesses, LVMH remained very solid in an uncertain geopolitical and economic environment, and maintained its innovative momentum. In the third quarter, organic revenue growth reflected the impact on business activity of a less buoyant environment in China, while the United States, Europe and Japan saw...

Read more

IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, a number of summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found...

Read more

Under Ireland’s 2026 EU Council Presidency, Arthur Cox sponsors a Dublin event on the future of European company law and the “EU Inc.” / 28th regime proposals, with keynotes from EU Commissioner Michael McGrath and Irish Minister Peter Burke. An event hosted by the Dublin European Law Institute at Dublin City University, in The Helix on Thursday 29 October 2026. 08/10/2026Events Held as part of Ireland’s 2026 Presidency of the Council of the European Union programme of associated events, the discussion will...

Read more

Eight state attorneys general sued OpenAI on 14 October, alleging ChatGPT was marketed as safe while harming users, especially minors – a sign that states are using existing consumer protection laws to regulate AI without waiting for federal rules. Key Points The attorneys general of Arizona, Arkansas, Idaho, Iowa, Kansas, Montana, Nebraska, and West Virginia sued OpenAI in their respective state courts, alleging deceptive practices related to ChatGPT’s safety. Some states also assert privacy, product liability, and other claims. The...

Read more

The U.S. Court of International Trade has certified a class of importers seeking refunds of IEEPA duties on finally liquidated entries – an important development for European and American companies that paid these tariffs. On October 8, 2026, the U.S. Court of International Trade (CIT) granted a broad class certification for importers subject to the International Emergency Economic Powers Act (IEEPA) tariff regime, which the Supreme Court of the United States (SCOTUS) invalidated on February 20 (see Update of February...

Read more