In an economy that’s barely expanding, France presages larger tax increases and spending cuts next year. France’s Socialist government unveiled 7.2 billion euros ($9 billion) of tax increases to meet deficit-reduction goals and avoid bond-market punishment, according to bloomberg. The largest new levy will be a one-time surcharge on wealthy individuals’ assets to raise 2.3 billion … Read more
As global jewellery market is set to grow faster than other luxury industries, Louis Vuitton is expanding its jewelry segment with a dedicated store on Paris’ Place Vendome, the Heart and Soul of High Jewellery. The new Paris store will sell both mid-range items, from as little as 650 euros ($820), to diamond and sapphire-encrusted … Read more
Airbus to establish first assembly line in United States In a major strategic announcement, Airbus said it will establish a manufacturing facility in the United States to assemble and deliver A320 Family aircraft. Located at the Brookley Aeroplex in Mobile, Alabama, it will be the company’s first U.S.-based production facility. The facility in Alabama will … Read more
Nasa, Boeing, Lockheed Martin, and Gulfstream scientists work to build a supersonic jet that would fly more than 2,485 mile per hour, and can fly its passengers from London to Sydney in just four hours. The biggest obstacle scientists are working to overcome is the sonic boom that was produced by the Concorde supersonic jet. … Read more
The first of its kind, the inaugural L2’s Digital IQ Index: Fragrance report benchmarks the digital competence of global fragrance brands, looking at 350 data points across four dimensions: Site, Digital Marketing, Social Media, and Mobile. L2’s Digital IQ Index: Fragrance study attempts to quantify the digital competence of 63 fragrance brands, and, as always, … Read more
Designer Vivienne Tam unveiled her Hong Kong Hotel luxury suite New York-based fashion designe Vivienne Tam unveiled her one-of-a-kind minimalist suite at Hong Kong’s Hotel Icon, Tsim Sha Tsui East’s premier hotel. Taking up 861 square feet, the Hotel Icon suite is fully decked out in Tam’s signature “China Chic” style, with splashes of vivid color … Read more