Global economy

Fashion industry reels as coronavirus shuts shops and cancels orders

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Report warns 80% of firms face a highly uncertain future if stores close for two months

The super-rich: another 31,000 people join the ultra-wealthy elite

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Ranks of those worth over $30m swell to 513,000 despite global growth slowdown

Trade war: France hits back over US tariff threat on cheese and champagne – business live

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Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French food, drink, handbags and porcelain

Wealthy people are spending less – are they seeing signs of a recession?

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A recent USB report found wealthy investors are increasing their cash reserves, adding to growing evidence suggesting they see trouble on the horizon

Global stock market rout leaves world with 57 fewer billionaires

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Big fall in wealth in China as combined fortunes of ultra-rich dips for first time since financial crisis, says UBS

Online retail fuelling rapid rise in sales of fake goods, says OECD

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Counterfeits worth $590bn a year made up 3.3% of global trade in 2016, report finds