The luxury sector is set to post double-digit growth this year to 191 billion Euros driven by the appetite of the Great China consumers for top-quality goods, according to a study by Bain & Company released on Monday
Argentina's 8th International Oil & Gas Expo, sponsored by the Argentine Institute of Petroleum and Gas is taking place this week in Buenos Aires.
Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said on Monday.
Germany lowered expectations of a breakthrough in the Euro zone's sovereign debt crisis next weekend, saying Sunday's EU summit will not produce a final solution, and kept up pressure on banks to accept bigger write-downs on Greek debt.
European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the Euro zone.
The Red Cross has come out with a report which reveals that ironically today there are more obese people in the world compared to those who suffer from chronic hunger. The organization reports that last year there were 1.5 billion obese people compared to 925 million undernourished people.
With nearly one billion people still suffering from food shortages around the globe, the world must take a united stand against hunger, the United Nations said on Sunday 16 October, marking World Food Day.
Protests at financial mismanagement and government cutbacks have been held in hundreds of cities around the world. Clashes erupted at the biggest rally, in Rome, when riot police intervened after a small group of masked militants attacked property.
The US Treasury has delayed a ruling on whether China manipulates its currency to gain an unfair trade advantage until later this year. It said the move will give us a chance to assess progress following several international meetings. Critics of China say it keeps the Yuan low to keep its exports cheap.
A European Union summit later this month will agree decisive measures to tackle the Euro zone debt crisis, the French finance minister announced on Saturday.