Chinese consumers may spend less on luxury with the devaluation of the yuan China’s devaluation of its renminbi is intended to boost the country’s slouching trade, but the impact of the altered exchange rate will likely extend to the luxury industry. Following the announcement of the steepest decline in the yuan in the past decade, hard luxury goods companies and automakers such as BMW, Swatch Group and LVMH saw their
By Michael Martina BEIJING (Reuters) – American business groups are lobbying U.S. President Barack Obama to press Chinese counterpart Xi Jinping on technology protectionism concerns during Xi’s upcoming U.S. visit, according to a letter addressed to Obama seen by Reuters. In the letter dated Aug. 11, 19 U.S. business lobbies including the American Chamber of Commerce in China and U.S. Chamber of Commerce, and sector-focused groups including the National Association
ANKARA, Turkey (AP) — Turkey’s military says Kurdish rebels attacked a military outpost in southeast Turkey, triggering a clash that left a soldier and two militants dead.
Federal Reserve policies can benefit U.S. labor markets but cannot alone solve the so-called skills mismatch between workers and employers, New York Fed President William Dudley said on Wednesday. Dudley, in prepared remarks, stressed the need for companies to invest in workforce development to better prepare employees for new technologies on factory floors and other workplaces. The Fed has kept interest rates near zero for six and a half years
NEW YORK (AP) — “Shark Tank” cast member Kevin O’Leary will be a celebrity judge for this year’s Miss America pageant, along with Taya Kyle, widow of “American Sniper” author Chris Kyle, and snowboarder Amy Purdy.
Chinese consumers may spend less on luxury with the devaluation of the yuan China’s devaluation of its renminbi is intended to boost the country’s slouching trade, but the impact of the altered exchange rate will likely extend to the luxury industry. Following the announcement of the steepest decline in the yuan in the past decade, hard luxury goods companies and automakers such as BMW, Swatch Group and LVMH saw their
BIRCH RUN, Mich. (AP) — Donald Trump says his campaign is prepared to lay out specific policy plans. He’s just not ready yet.
From gorgeous beaches to traditional luaus to top-notch surfing, Hawaii offers terrific experiences that should be on every traveler’s list. Here are Fodor’s top picks for a memorable trip.
Heading on vacation soon? Train yourself to relax now so you can really enjoy your trip later.
KABUL, Afghanistan (AP) — An Afghan official says Taliban insurgents have shot dead at least 14 police officers in the southern Helmand province.