France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter.
A former Amazon.com Inc financial analyst pleaded guilty on Thursday to insider trading for tipping a former college fraternity brother about the retailer’s quarterly results before they were made public.
The United States wants the United Nations Security Council to impose sanctions including a ban the country’s exports of textiles and the hiring of North Korean labourers abroad, according to a draft resolution.
It is expected that the retail sales for 2017 is likely to increase between 3.2 to 3.8 per cent rather than the 3.7 to 4.2 per cent forecast in February this year, according to the National Retail Federation (NRF).
A host of French-owned fashion labels spanning Christian Dior to Saint Laurent pledged Wednesday to ban uber-thin models from their advertising and catwalk shows following criticism that the industry encourages anorexia.
Japan and the United States are mulling over a proposal to include export restrictions on North Korean textile products in a new UN Security Council sanctions resolution, a Japanese news agency reported recently.
The Hudson river dumps 300 million clothing fibres into the Atlantic Ocean each day, according to a study in the Marine Pollution Bulletin. Many of the fibres come from aging clothes, rinsed out with the laundry.