A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the US company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed.
Luxury watchmakers Bulgari and Breitling and a handful of Swiss brands are gathering in Geneva this week for a scaled-down industry exhibition, braving the coronavirus pandemic to try to revitalise demand.
An agreement on a package of tariff reductions that will increase market access for hundreds of millions of dollars in US and EU exports was announced by United States Trade Representative Robert Lighthizer and European Union Trade Commissioner Phil Hogan on Friday evening. These tariff reductions are the first US-EU negotiated reductions in duties in more than two decades.
A full bounceback from the euro zone’s deepest recession on record will take two years or more, according to a Reuters poll of economists who also said there is a high risk the job recovery underway reverses by the end of 2020.
Apple has become the first US company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments orchestrating people’s lives.
Ryanair will cut capacity by 20% in September and October due to "notably weakened" bookings in recent days, news wires reported. The airline said the drop was driven by "uncertainty over recent Covid case rates in some EU countries". The cuts will mostly be in flight numbers as opposed to route closures.
US companies whose fortunes are linked to China are pushing back against the Trump administration’s plans to restrict business transactions involving Tencent Holdings Ltd’s WeChat app, the Wall Street Journal reported on Thursday.
The halt on global tourism earlier this year inflicted chaos on Tui Group, the world's largest travel company, which reported on Thursday a €1.4 billion ($1.65 billion) net loss in the April-June period.