The U.S. current account deficit dipped to a near two-year low in the first quarter as the Covid-19 pandemic restricted the flow of goods and services, while companies continued to repatriate profits back home.
U.S. consumer confidence tumbled to near a six-year low in April as tough measures to curb the spread of the novel coronavirus sharply disrupted economic activity and threw millions of Americans out of work.
Temperley's auditor has cast doubt on its ability to continue as a going concern in its latest accounts, but its CEO said it's looking forward to breaking even this year and being profitable next year.
Sportmax was launched in 1969 as the avant-garde label of Italian fashion group Max Mara. It is now retracing its 50-year history with a book and a capsule collection, and is about to renovate its Paris boutique.