The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a further upward revision of data reflecting stronger consumer spending and investment than earlier estimated.. Both adjustments "primarily reflected upward revisions to consumer spending" as well as non-residential fixed investment, the Commerce Department said, in its final GDP estimate for the quarter.
Dozens of trade union members and disgruntled employees protested Thursday at the ultra-luxury La Samaritaine shopping store in the heart of Paris, causing managers to shut its doors.. Wearing red vests with the union's emblem, they could be seen standing among the displays of luxury handbags, make up and clothing even after management shut the store in the morning.
Global mining firm BHP must stand trial in the UK to face an estimated £10 billion ($12 billion) damages claim over a deadly 2015 dam collapse in Brazil, a judge has ruled.. Following several years of preliminary court hearings, judge Finola O'Farrell ruled in a judgement published Wednesday that the case must go to trial.
Online retail giant Amazon can potentially be held responsible when third-party sellers on its website misuse trademarks, the European Court of Justice said on Thursday.. The firm argued Amazon itself was breaching its trademark by hosting adverts for shoes from third-party sellers featuring its trademark red sole.
Turkish President Recep Tayyip Erdogan on Thursday announced the third major minimum wage hike in a year to try and combat a historic jump in consumer prices ahead of crunch elections. . On Thursday the Turkish leader said the country would boost the monthly take-home pay to a minimum of 8,500 liras ($455).
France's privacy watchdog said Thursday it has fined US tech giant Microsoft 60 million euros ($64 million) for foisting advertising cookies on users.. Google and Facebook were sanctioned by the French regulator with fines of 150 million and 60 million euros respectively for similar breaches around their use of cookies.
The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.. The outcome drew a sharp rebuke from Washington Wednesday, with US Trade Representative spokesperson Adam Hodge saying the country "strongly rejects the flawed interpretation and conclusions" of the panel report.
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world's biggest exchange for crypto assets.. For Leigh Drogen of Starkiller Capital, it would be "armageddon" for short-term crypto asset prices if Binance collapsed.
Assistants wielding multiple livestreaming mobile phones are now as crucial to Roshan Melwani's tailor shop as the measuring tapes, needles and fabrics that have made his Hong Kong family business so famous.. "People can get 10 suits in Hong Kong with the frequency they get one suit in Saville Row," Andy Chan, President of the Hong Kong Tailors Association, told AFP. "This is why everybody came to Hong Kong to get a custom-made suit for them."
Asian markets extended a Wall Street advance into Thursday as forecast-busting US earnings and consumer confidence data tempered worries about a deep recession.. All three main indexes on Wall Street ended more than one percent higher, while European equities also barrelled along.
