Tag #Luxury Goods

Showing 1 to 12 of 76 results

cnnespanol.cnn.com
🌐 85% Global Worthiness
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US Restricts Iranian Diplomats' Access to Wholesale Stores and Luxury Goods

The Trump administration imposed new restrictions on Iranian diplomats visiting the US for the UN General Assembly, limiting their access to wholesale stores like Costco and luxury goods, citing concerns about the Iranian regime and support for the Iranian people.

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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US Restricts Iranian Diplomats' Shopping in New York

The Trump administration has barred Iranian diplomats in New York from shopping at wholesale clubs and buying luxury goods without State Department approval, citing the Iranian people's hardships.

Progress

52% Bias Score

No Poverty
cincodias.elpais.com
🌐 85% Global Worthiness
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European Luxury Brands Face Profit Squeeze Amidst Global Economic Slowdown

Major European luxury groups, including LVMH and Kering, experienced a significant drop in operating profit margins during the first half of 2024, largely due to decreased global tourism, US tariffs, and a weakened dollar; they are responding with price increases and cost-cutting measures.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Panamanian Geisha Coffee Sets Record Price at $30,204 Per Kilogram

At the Best of Panama auction, Geisha coffee from Hacienda La Esmeralda sold for a record $30,204 per kilogram, showcasing Panama's specialty coffee as a luxury good and driving coffee tourism in Boquete, a small mountain town near the Costa Rican border.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Luxury Market Slump: A Potential Setup for a Comeback

Global luxury sales declined significantly in 2024, underperforming expectations; however, historical data and current economic indicators suggest a potential rebound driven by increased wealth in China and the US, and the return of Chinese tourists.

Progress

44% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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US Imposes 39% Tariff on Swiss Goods Over Trade Dispute

President Trump imposed a 39% tariff on Swiss imports in August 2025, citing a $48 billion trade deficit attributed to Swiss companies 'taking advantage' of the US market and Switzerland's perceived unwillingness to address the imbalance; this affects Swiss luxury goods, impacting 18% of Swiss expor...

Progress

40% Bias Score

Reduced Inequality
arabic.cnn.com
🌐 85% Global Worthiness
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US Restricts Iranian Diplomats' Shopping in New York

The US State Department imposed restrictions on Iranian diplomats visiting New York for the UN General Assembly, limiting their movement and requiring permission for wholesale shopping and luxury purchases over \$1000.

Progress

44% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Greek Audit Office Halts €76.5M Food Tender

The Hellenic Audit Office suspended the Attica Region's €76.5 million tender for food supplies to the needy due to anti-competitive clauses, delaying aid to vulnerable populations and highlighting systemic procurement issues.

Progress

16% Bias Score

Zero Hunger
dw.com
🌐 85% Global Worthiness
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LVMH Profit Down 15% Amidst Luxury Market Slowdown

LVMH, owner of Louis Vuitton and Dior, reported a 4% revenue drop and 15% decline in operating profits in the first half of 2024, reflecting a broader slowdown in the luxury goods market due to reduced consumer spending, geopolitical uncertainty, and US tariffs.

Progress

44% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Fabergé Sold for $50 Million

Gemfields sold Fabergé, the renowned jeweler known for its Imperial Easter eggs, to the US investment firm SMG Capital for $50 million due to financial difficulties and operational challenges, marking the end of an era for the company and allowing Gemfields to reinvest in its mining operations.

Progress

44% Bias Score

Decent Work and Economic Growth
thetimes.com
🌐 35% Global Worthiness
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Field Watch Review: Eight Diverse Models Compared

Eight field watches are reviewed, ranging from £280 to £2,670, showcasing diverse designs, features (e.g., GMT, chronometer), and brand heritage, reflecting a growing market segment for durable and stylish timepieces.

Progress

12% Bias Score

cincodias.elpais.com
🌐 85% Global Worthiness
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European Luxury Sector Slumps 12.5% Amidst Economic Headwinds

Weakening consumer demand in China, coupled with a strong euro and new tariffs, caused a 12.5% year-to-date decline in the European luxury sector in 2024, impacting brands like LVMH, Kering, and Hermès, despite some firms maintaining growth.

Progress

56% Bias Score

Reduced Inequality

Showing 1 to 12 of 76 results