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Global luxury sales could return to pre-COVID levels this year, Bain says
May 17, 2021
Global luxury sales could return to pre-COVID levels this year, Bain says
(Reuters) - The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
In world's top copper region political risk rises
May 17, 2021
In world's top copper region political risk rises
(Reuters) - In South America's copper-rich Andes political risk is rising as high poverty and debt levels amid the COVID-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders.
Royal Caribbean cancels new cruise line from Israel over unrest
May 16, 2021
Royal Caribbean cancels new cruise line from Israel over unrest
FLORIDA (Reuters) – Cruise operator Royal Caribbean (RCL.N) is cancelling a new line that had been scheduled to run from Israel to Greece and Cyprus from next month, citing regional security concerns.
Less than 3% of US small businesses could face tax hikes under Biden plan: White House
May 15, 2021
Less than 3% of US small businesses could face tax hikes under Biden plan: White House
WASHINGTON (Reuters) – Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden's jobs and infrastructure plan, according to a new analysis by the White House on Friday.
Toshiba's European business hit by cyberattack
May 14, 2021
Toshiba's European business hit by cyberattack
TOKYO (Reuters) – Toshiba Corp's (6502.T) European business has been hit by a cyberattack, a source familiar with the situation said on Friday, with public broadcaster NHK identifying the perpetrators as DarkSide, the group the U.S. FBI blamed for the Colonial Pipeline attack.
Asia shares alarmed by US inflation scare, count on calm Fed
May 13, 2021
Asia shares alarmed by US inflation scare, count on calm Fed
HONG KONG (Reuters) – Asian shares slipped to seven-week lows on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.