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Associated PressStudy finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes
The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. At the same time, there has been less rejuvenation in the offerings.
ReutersUS manufacturing production surges in May
Production at U.S. factories increased more than expected in May, recouping all the declines in the prior two months, but the momentum is unlikely to be sustained amid higher interest rates and softening demand for goods. Manufacturing output jumped 0.9% last month following a downwardly revised 0.4% drop in April, the Federal Reserve said on Tuesday.
PA Media: UK NewsNew report on Battle of Orgreave handed to Government
Campaigners say the report includes new information on policing of the clashes with striking miners 40 years ago.
