The U.S. threat of tariffs on French goods from handbags to Champagne proved just a glancing blow to giants like LVMH and Kering this week, as investors refused to give up their decade-long love affair with luxury goods.
US Treasury Secretary Steven Mnuchin is urging countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation, according to a letter released Wednesday.
France and the U.S. on Tuesday said they would seek to ward off a trade war after Washington threatened tariffs on French products including cosmetics and handbags and Paris warned of retaliation backed by the EU.
Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain.
The volume of Black Friday payment transactions in Britain as of 10 a.m. was up 12.5% versus last year, initial data showed on Friday, bringing some cheer to UK retailers in need of a tonic after a troubled year.