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Cartier owner's profit sinks as China sales slump
Cartier owner's profit sinks as China sales slump
Business and Economy
by  AFP

Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector. Gucci owner Kering said its sales sank 15 percent in the same quarter due to slowing consumer spending in China.

UN aims to set standards for scandal-hit carbon markets
UN aims to set standards for scandal-hit carbon markets
Business and Economy
by  AFP

Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Observers say it is possible that the text laying out standards for the voluntary system could pass more easily than decisions covering country-to-country carbon trading.