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China's Sanya holiday hotspot shuts duty-free malls, venues to curb COVID

By Casey Hall SHANGHAI, Aug 5 (Reuters) - Sanya, a top tropical holiday destination on China's southern Hainan island, began closing its duty free malls on Friday in response to a worsening COVID-19 outbreak. Since China shut its international borders in early 2020 to curb the spread of COVID-19, Hainan's duty-free industry has boomed, becoming a vital channel for global brands from Gucci to Coach, La Mer to L'Oreal OPREP.PA to reach Chinese shoppers.
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American tourists splurge in Paris boutiques as euro slides

By Mimosa Spencer and Doyinsola Oladipo PARIS, July 15 (Reuters) - American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time in two decades on fears that rising energy prices triggered by the Ukraine conflict could tip the European Union into a prolonged economic crisis.
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Swatch Group upbeat as China comes out of lockdown

* H1 sales up 7.4% at constant currency * China lockdowns hit sales in April, May * Confirms goal of double-digit sales growth this year * Shares rise 1% By Silke Koltrowitz ZURICH, July 14 (Reuters) - Swatch Group UHR.S stuck to its forecast for double-digit sales growth this year after pandemic lockdowns in China had less impact than feared on the world's biggest watchmaker's first-half results on Thursday.
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European shares gain on defensives, but still down for the week

* China cuts 5-year loan prime rate by 15 bps * STOXX ends week lower, erases big declines from earlier * Richemont cautious on China growth * Other luxury stocks slide May 20 (Reuters) - European shares rose on Friday, with a boost from defensive sectors after hopes of an economic recovery in major trading partner China were bolstered by more central bank stimulus, though they still ended the week in the red.
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European shares firm after ECB stands pat on policy

(There will be no European market report on Friday and Monday on account of Good Friday and Easter. Reuters will resume coverage on Tuesday, April 19.) * ECB confirms plans to end stimulus; gradual rate hikes eyed in Q3 * STOXX 600 rises 0.7% * Volkswagen down on glum outlook * Tech stocks underperform By Anisha Sircar and Sruthi Shankar April 14 (Reuters) - European shares rose on Thursday as the ECB kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the
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