The French fashion label Chanel has said that the impact of the novel coronavirus pandemic will be felt by the international luxury industry for the next two years, and possibly even longer. The luxury retailer warned that the pandemic will… Read More ›
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Push For Global Digital Tax To Be Continued By UK And Europe Despite US Walkout
Attempts to create a global framework for imposing digital tax on technology companies such as Google, Facebook and Amazon are being continued by the European Union and the United Kingdom despite the United States walking out of the negotiations for… Read More ›
Facebook Refuses To Share Ad Revenues From News Content In Australia
Social media giant Facebook has refused to share advertisement revenues generated from its social media platforms, ignoring the calls from both the Australian government and news companies about sharing advertising revenue with the media. Facebook has instead suggested that it… Read More ›
First Covid-19 Positive Cases In New Zealand After More Than 3 Weeks
Days after lifting almost all restrictions imposed because of the spread of the novel coronavirus pandemic and more than three weeks without reporting any new fresh cases of the viral infection, New Zealand has reported a couple of confirmed cases… Read More ›
Historic Drop In Oil Demand In Current Year, Predicts IEA, Recovery In 2021
The drop in demand for oil for the current year will be the steepest in history, predicted the International Energy Agency on Tuesday. The IEA said that “a more stable footing” over the coming months could be reached by the… Read More ›
Global Luxury Brands See Hope Of Re Bound In ‘Revenge Spending’ Of Chinese Consumers
There is some hope for the global luxury goods industry to stage a revival from the novel coronavirus pandemic related impact on their business as Chinese consumers have finally started to purchase high-end handbags, shoes and jewelry again. However the… Read More ›
Australia Calls On Foreign Students To Chose The Country For Studies As China Advises Students Not To
As Australia still struggles with its latest tensions with China, Australia wants to hold on to the international students studying in the country. Students from all over the world were urged by Australia’s finance minister to “consider Australia” because despite… Read More ›
Facebook’s Acquisition Of GIF Making Firm Now Being Investigated In The UK
Regulators have again put the social media giant Facebook under its scanner this time over the company’s acquisition of a search engine that is often used to find GIFs of John Travolta and dumpster fires. The Competition and Markets Authority… Read More ›
Covid-19 Pandemic Forces Saudi Arabia To Consider Hajj Cancellation: Reports
The coronavirus pandemic has forced Saudi Arabia to consider cancellation of the annual hajj pilgrimage this year, according to a report published by the Financial Times. The hajj is one of the most holy activities for Muslims which involves travelling… Read More ›
Global Coronavirus Lockdown Hits Luxury Food Industry Hard
The outbreak of the coronavirus pandemic across the world has resulted in the temporary closure of thousands of restaurants while many economies have slipped into recession which has severely hit the global demand for premium foods like wagyu beef, bluefin… Read More ›