More than a year into Vladimir Putin’s invasion, the web of global trade has adjusted to Western sanctions, with a network of middlemen sending cars, electronics and more to Russia.
Tag: Luxury Goods and Services
Miller High Life, ‘Champagne of Beer’, Cans Crushed in Europe
Customs authorities in Belgium forcibly recycled thousands of cans of America’s “go-to lowbrow beer of choice” after they took issue with its slogan: “the Champagne of Beers.”
They Flocked to China for Boom Times. Now They’re Thinking Twice.
Global businesses and industries that rode the China growth wave for years are bracing for the fallout of a slowing economy.
How Sabyasachi Made the Sari Haute
As his country’s most famous designer, Sabyasachi has persuaded Indians to see the luxury in their fashion heritage. Can he persuade Americans too?
U.S. Imposes Sanctions on Yacht Company That Caters to Russian Elites
The Treasury Department also identified four yachts as being linked to President Vladimir V. Putin of Russia.
Why Russian Influencers Are Cutting Up Their Chanel Bags
The iconic French brand is asking customers to attest that they will not use their newly purchased items in Russia, sparking a social media protest.
No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On
Since the invasion of Ukraine began, the increasing financial and reputational risks of doing business in Russia are leading Western brands to halt operations.
Why Bragging About Your Wealth In China Can Get You Censored
Online posts by users showing off their receipts, over-ordering food or scattering money have been deemed vulgar. Regulators say such content leads young people astray.
In China, Bragging About Your Wealth Can Get You Censored
Online posts by users showing off their receipts, over-ordering food or scattering money have been deemed vulgar. Regulators say such content leads young people astray.
India’s Economy Still Weak, Despite a Strong Third Quarter
Covid-19 essentially robbed the country of more than a year of badly needed economic growth. That’s lost ground that cannot be regained quickly.