A new European eyewear giant worth more than 50 billion euros ($52.5
billion) is set to emerge as Italy's Luxottica — owner of Ray-Ban and
Oakley glasses — merges with French lens manufacturer Essilor.
Essilor International SA said Monday it had reached a share exchange deal with Luxottica's main shareholder, Delfin, to create a combined company making both frames and lenses.
Shares jumped in both Luxottica, which is based in Milan, and Essilor, headquartered near Paris.
A Turkish cargo plane crashed Monday in a residential area just outside
the main airport in Kyrgyzstan, destroying half of a village and killing
at least 37 people in the plane and on the ground, the Emergency
Situations Ministry said.
The Boeing 747 crashed at 7:40 a.m. local time while approaching Manas airport, south of the capital, Bishkek, in this Central Asian nation.
In a departure from the leniency typically given South Korean big
businesses, prosecutors on Monday requested the arrest of the de facto
head of Samsung Electronics, the country's most valuable company, in an
influence-peddling scandal that has toppled the country's president.
Lee Jae-yong, the 48-year-old vice chairman at Samsung Electronics, faces allegations of embezzlement, of lying under oath during a parliamentary hearing and of offering a bribe of 43 billion won ($36 million) to a long-time friend of impeached President Park Geun-hye, according to Lee Kyu-chul, a spokesman for a special prosecutors' team investigating the political scandal.
Twenty-six inmates were killed in eruptions of violence inside two
prisons in northern Brazil, officials said Sunday as they quelled the
latest in a string of jail disturbances across the country in which more
than 100 people died within two weeks.
The state security office for Rio Grande do Norte state had reported earlier in the day that there were 27 deaths, but later lowered that by one. It also said all bodies had now been counted.
Bahrain on Sunday carried out its first executions since an Arab Spring
uprising rocked the country in 2011, putting to death three men found
guilty of a deadly bomb attack on police.
The executions of the Shiite men drew swift condemnation from human rights groups and sparked intense protests by opponents of the Sunni-ruled government, who see the charges as politically motivated. Activists allege that testimony used against the condemned men was obtained through torture.