Latest in Government
Pound Leaps Following Resignation of Liz Truss as Prime Minister, Shortest Tenure in History
A leadership election is to be completed within the next week, and she will remain as prime minister until a…
It’s Slow Steam Ahead for Container Cargo Volumes at West Coast Ports
September is usually peak season for holiday imports, but this year the schedule changed, with early imports…
What Does China’s Communist Party Congress Mean for the Luxury Market?
According to Barclays, signs of normalization will likely appear by March 2023 after the second Congress of…
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British Brands, Retailers ‘Disappointed’ by Tax-free Shopping Reversal
Less than a month ago, Prime Minister Liz Truss' government promised to restore the tax-free shopping scheme…
New York Governor Signs Law to Promote State-produced Textiles
The New York Textile Act will provide support and funding for farmers who produce plant and animal fibers in…
The U.K. to Bring Back Tax-free Shopping for Overseas Visitors
The decision provides a much-needed boost in trade for the British retail sector.
Six Minutes With New York City Mayor Eric Adams
Public safety, local manufacturing and educational opportunities are priorities for the city's leader.
Weak Pound Holds Steady Against Dollar, Euro as Truss Named British PM
Truss beat rival Rishi Sunak after a six-week campaign that began following Boris Johnson's resignation.
Busy West Coast Ports Expecting a Traffic Slowdown
As retailers slash inventories, less cargo is expected on the docks.
Switzerland Bans Imports of Russian Gold and Gold Products
The impact of the measure may be limited as Russian imports amount around 1 percent of the gold entering…
Bullish on China’s Duty-free Future, LVMH, Kering Show at Hainan Expo
LVMH signed a deal to set up a bonded warehouse in the zone dedicated to the group's perfume and cosmetics…
Industry Entrepreneurs Disappointed, Concerned in Wake of Prime Minister Mario Draghi’s Resignation
Draghi's international credibility was seen as key to lead Italy out of the crisis.
Italy’s Prime Minister Mario Draghi’s Resignation Impacts Stocks, Bonds
General elections are expected in the fall, while President Sergio Mattarella has reportedly asked Draghi to…
Railway Worker Strike Averted as Biden Intervenes to Move Stalled Negotiations Forward
A railway strike would have spelled trouble for importers bringing goods through U.S. ports.
Italian Fashion, Luxury Associations Express Support to Prime Minister Mario Draghi
Altagamma, Camera della Moda and Confindustria are all standing behind Mario Draghi, who is expected to…