Self-destructive behaviour: Burberry not aloneBurberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of...
Plagued by cuts, Lebanon survives on floating power plantsLebanon has for decades struggled with daily power cuts that leave residents sweating through their shirts summer after sticky summer. The bankrupt national power company, unable to build new power pl...
50 years after Concorde, US start-up eyes supersonic futureBoom Supersonic’s aircraft is expected by the company to fly for the first time next year. The Concorde was retired following an accident in 2000 in which a Concorde crashed shortly after takeoff from...
In Senegal, China’s President Xi pledges stronger Africa tiesChina's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge...
IMF warns G20 economic leaders that tariffs hurting global economyThe International Monetary Fund (IMF) warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump threat...
VW to temporarily park cars due to new emissions testing bottlenecksVolkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday. Carmakers are rushing...
G20 ministers call for greater dialogue on trade tensions: draftFinance ministers and central bankers from the world's largest economies meeting in Argentina said heightened trade and geopolitical tensions pose an increased risk to global growth and have called fo...