Japan’s retail sales slump the most since 2015 as tax hike hits demand

The Japanese government increased the nationwide sales tax to 10% from 8% on Oct. 1, in a bid to fix the industrial world’s heaviest public debt burden, which is more… Read more

Hermès closes all production sites in France until end March

“In compliance with various governmental instructions, we have closed all our stores in France and in some other European countries,” wrote Hermès’s CEO Axel Dumas in a letter to the… Read more