France says U.S. blocking global digital tax talks

Nearly 140 countries are negotiating the first major rewrite of international tax rules in a generation to account for the rise of big digital companies like Google and Amazon.With a blueprint for a deal due from the Organisation for Economic Cooperation and Development (OECD) next month, the aim of reaching an agreement by a year-end deadline is looking increasingly challenging.

Washingt…

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China seeks trade firewall with U.S. allies in rush of ambassador meetings

Some of the western diplomats involved in the meetings with Fu Ziying, who is also a vice-commerce minister, have viewed the approaches as a sign of how anxious Beijing is getting about the expanding conflict with Washington, the sources said.U.S. President Donald Trump has threatened to impose tariffs on $150 billion in Chinese imports to the U.Sคำพูดจาก Read more

French lawmakers approve bill to apply penalties on fast fashion

The bill calls for gradually increasing penalties of up to 10 euros per individual item of clothing by 2030, as well for a ban on advertising for such products.All voting lawmakers unanimously approved the bill, which will head to the senate before it can become law.คำพูดจาก สล็อตเว็บ…

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Global tech on edge as WTO weighs e-commerce tariffs

The WTO’s 164 members will present their views on the topic on Wednesday, the final scheduled day of a four-day ministerial conference.Keisal Peters, trade minister of St Vincent and the Grenadines, who is leading discussions, said at the conference that divergences remained. As time ran out, WTO members should consider meeting halfway, he added.คำพูดจาก Read more

British consumers count the pennies ahead of June election

Britons are starting to feel the strain of rising prices after last year’s vote to leave the European Union sent the pound plunging, recent data and industry surveys have indicated.Official data last week showed British retail sales recorded their biggest quarterly fall in seven years at the start of 2017, while on Monday a survey from Deloitte said consumer confidence softened last month.ค…

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Global economic growth forecasts cut again by OECD

The Organization for Economic Co-Operation & Development forecast in its interim outlook report that the world economy would grow 3.3 percent in 2019 and 3.4 percent in 2020.Those forecasts represented cuts of 0.2 percentage points for 2019 and 0.1 percentage points for 2020, compared to the OECD’s last set of forecasts in November.

“High policy uncertainty, ongoing trade tensions, an…

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Luxury industry faces more selective and reasonable consumers

According to the seventh edition of the ‘True-Luxury Global Consumer Insight’ study, the luxury industry will gradually recover its losses and will not return to how it was in 2019 until 2022 or 2023. This research, carried out by BCG in association with Altagamma, focuses in particular on the tip of the iceberg, meaning the top consumers who spend around €39,000 ($43,960.41) annually on …

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N Brown sets emissions target, gets SBTi approval

And its near-term, science-based greenhouse gas (GHG) emissions targets have been endorsed by the Science Based Targets initiative (SBTi), which assesses companies’ targets and ensures that they are in line with the latest climate science under the Paris Climate Agreement. By 2030, the group has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46% from a 2021 base y…

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Natura urges Brazil to protect Amazon after fires hit suppliers

Soon to become the world’s fourth-largest beauty group after acquiring rival Avon Products Inc, Natura is advocating sustainable development of the Amazon without antagonizing right-wing President Jair Bolsonaro, who has called for greater economic exploitation of the vast region.”It seems to me the new government is critical of existing control mechanisms but has not yet set in motion alternat…

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Millions unemployed as coronavirus ravages U.S. economy

The deepening economic slump was also amplified by other data on Thursday showing manufacturing activity in the mid-Atlantic region plunged to levels last seen in 1980 and homebuilding tumbling by the most in 36 years in March.The reports followed dismal reports on Wednesday of a record drop in retail sales in March and the biggest decline in factory output since 1946. Economists are predicting…

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