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An investigation into conditions at Italian factories found that workshops making leather goods for Dior and Armani exploited foreign labor to produce high-end products at a fraction of their retail price.
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The New York Times - Business
Saks Owner Is Said to Acquire Neiman Marcus in High-End Retail Deal
HBC, the parent of Saks Fifth Avenue, would acquire Neiman Marcus for $2.65 billion. -
ABC News - World
EU commission approves Lufthansa purchase of long-troubled Italian airline ITA, with conditions
The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competitionEuropean Union -
BBC News - Top stories
Police investigate after mum admits ending life of terminally ill son
Police say they are looking into reports relating to "an apparent case of assisted dying" in 1981. -
Yahoo Sports - Sports
Euro 2024: UEFA investigating after Turkey’s Merih Demiral makes far-right hand gesture in win over Austria
Merih Demiral threw up a "wolf" salute that is commonly associated with a far-right Turkish nationalist group after scoring a goal on Tuesday in Germany. -
MarketWatch - Business
Gold prices settle at 1-month high as silver jumps 4%
Gold futures posted their highest settlement in about a month on Wednesday, while silver prices climbed by 4%, with both precious metals supported by weakness in the U.S. dollar and bond yields following the release of downbeat economic data. -
MarketWatch - Business
Oil prices end higher on light trading volume as supply drops more than expected
Oil prices settled higher Wednesday, on light trading volume ahead of the Independence Day holiday, after official U.S. data revealed a drop of more than 12 million barrels in crude inventories and a weekly rise in implied gasoline demand. -
ESPN - Sports
$25 hot dogs, sky-high ticket prices: Lack of fans shows Copa is too expensive
For years, the U.S. has been viewed as some sort of "golden goose" by world soccer. This Copa, however, has shown that there is a ceiling on what fans are willing to pay. -
The Wall Street Journal - World
China Reopened to Foreign Students. Americans Are Staying Away.
There were more than 11,000 U.S. students in China before the pandemic. Now there may be fewer than 1,000.China -
Yahoo News - World
Egypt names new defence, foreign ministers amid regional unrest
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MarketWatch - Business
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases.
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The Wall Street Journal - World
India's Sensex Rises 0.3%, Led by Tech, Auto Stocks
Indian shares were higher, led by gains in tech, auto and bank stocks, as hopes for Fed rate cuts helped buoy markets across Asia.India -
The Wall Street Journal - World
China Reopened to Foreign Students. Americans Are Staying Away.
There were more than 11,000 U.S. students in China before the pandemic. Now there may be fewer than 1,000.China -
The Wall Street Journal - World
Making Money on the Election Trade Is Harder Than Ever
The obvious lesson: Trades based on voting results are a gamble on unreliable polling. -
The Wall Street Journal - World
He Won a Big Netflix Deal. Then Saudi Arabia Convicted Him as a Terrorist.
The predicament of the animated-film maker Abdulaziz Almuzaini, a U.S.-Saudi citizen, shows the limits of reform in the kingdom.Netflix -
The Wall Street Journal - World
Opposition Labour Party Set to Score Massive Win in the U.K.
The election result is likely to be the latest example of growing voter frustration with incumbent political parties across many democracies.