Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship
Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of one of its best-known handbags to more than €10,000 ($10,725).
Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of one of its best-known handbags to more than €10,000 ($10,725).
Chipotle Mexican Grill Inc. is telling its employees not to include chicken in their own meals, as surging customer demand has crimped supply.
Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.
Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a big hike and delivering additional tightening since then.
Banks in the UK may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
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