Archive for December 2012
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From Chanel to Dior, Hermes to Vuitton, the giants of the French luxury industry will swoop into Istanbul in January in a joint drive to build ties with the booming market and Middle Eastern trade
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Lufthansa, Germany's number one airline, said Tuesday that its passenger numbers fell in November. A Lufthansa statement said the airline group carried 7.691 million passengers last month, 1.3 percent fewer than in November 2011. Lufthansa
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The French government denied a newspaper report Wednesday that Industrial Recovery Minister Arnaud Montebourg is considering nationalising an aluminium plant owned by Anglo-Australian mining group Rio Tinto. Le Monde newspaper reported that the move is
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China will account for one-third of the estimated $175 billion global market for luxury goods by 2015, as growing wealth spurs demand for top-end goods, consultancy McKinsey said Tuesday. Chinese consumers now account for around
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US-led talks in New Zealand on a free trade deal for the Asia-Pacific region have made some progress but have a long way to go to reach a pact to dismantle entrenched trade barriers by
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Germany signalled on Wednesday it was ready to back plans for the European Central Bank to be made the chief supervisor of banks, raising the prospect of a breakthrough on the European Union's most ambitious
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India's government announced an inquiry into lobbying practices by Wal-Mart Stores Inc on Wednesday after a report that the giant retailer had pressed US lawmakers to help gain access to foreign markets. Wal-Mart disclosed in
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Greece's foreign lenders hailed a bond buyback as a success even though it narrowly fell short of a target to cut the country's debt, paving the way for Athens to get long-delayed aid to avoid
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Greece's foreign lenders hailed a bond buyback as a success even though it narrowly fell short of a target to cut the country's debt, paving the way for Athens to get long-delayed aid to avoid
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Britain's unemployment total has shrunk by the biggest three-month amount for more than a decade, with a record number of people in work, official data showed on Wednesday. The number of unemployed people fell by
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