Business

Turkish cryptocurrency boss arrested in Albania

The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, the Turkish interior ministry said on Tuesday.

Business

Study: Hope for US boost pushes global luxury goods recovery

Luxury brands are already cashing in on promises of a 21st-century version of the "Roaring '20s" in the United States, where hefty stimulus packages and an advanced vaccine campaign are accelerating post-pandemic recovery ...

Business

Cost controls, luxury sales help Daimler weather pandemic

Car and truck maker Daimler increased its profits by 48% to 4.0 billion euros ($4.8 billion) in 2020 thanks to extensive cost-cutting and a sales recovery in the second half for its highly profitable Mercedes-Benz luxury ...

Business

Chinese shoppers spend big in post-virus Singles' Day binge

Chinese shoppers splurged more than $100 billion in the world's biggest shopping event of the year, in a huge spending spree that suggests the country's all-important army of consumers is fighting back after months of pandemic ...

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