The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization (WTO) to its knees.
Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday’s Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos was in its Baby Powder.
EU antitrust regulators fined U.S clothing company Guess €40 million ($45.3 million) on Monday for illegally blocking cross-border sales in Europe, part of a crackdown on illegal practices blocking e-commerce in the EU.
Consumer spending fell again last month in the UK, according to the latest Visa UK Consumer Spending Index, compiled by IHS Markit, with clothing & footwear one of the categories suffering the fastest spending drop.
Having predicted the rise of blended retail this holiday season, the NPD Group has reported on the trend of “hands-free shopping”, further highlighting the fragrance and watch categories as ones to watch this December.
Adidas has confirmed that it is looking into accusations against designer Gosha Rubchinskiy after screenshots of a conversation between the designer and an underage boy were alleged to show inappropriate conduct.