Human Rights Watch accused Zimbabwe's armed forces of torture and forced labour in the eastern Marange diamond fields, saying it believes the illegal diamond trade is a likely revenue source for senior ZANU-PF officials.
The Kao group announced that work would start on a new eco-technology research centre just south of Osaka in January 2010. This project was unveiled a few days after the launch of a new mantra for the group: “enriching lives, in harmony with nature”.
The Swiss watch industry is facing its sharpest drop in demand in more than two decades as the wealthy put off buying expensive timepieces and retailers slow orders as they try to get rid of excess stock.
Swiss horologer Zenith, part of the globally leading luxury group LVMH, is negotiating with the representatives of its staff over new reductions in personnel, which will, according to a union source, translate to seventy redundancies, around a third of all employees.
Luxury goods groups admit they are reluctant to lay off key craftsmen in the economic downturn and some are turning to hiring and salary freezes as the makers of leather goods, jewelry, watches and cars await a recovery.