Tag Heuer changes tune, now looking at smartwatches

Barely a few months after dismissing Apple's smartwatch, the new chief executive of luxury Swiss watchmaker Tag Heuer conceded Tuesday that such a hi-tech gadget might after all have a place in his firm's line-up.

Fedex sees huge day for 'Cyber Monday'

US delivery giant FedEx said Wednesday it expects its busiest day in company history with some 22 million shipments around the world on "Cyber Monday" which falls December 2.

iPhone faces challenge in crowded Chinese market

The iPhone's magic as China's must-have smartphone is eroding. Last year, eager buyers in Beijing waited overnight in freezing weather to buy the iPhone 4S. Pressure to get it—and the profit to be made by reselling scarce ...

Swiss watchmakers keep cool in wait for Apple smartwatch

Swiss watchmakers are warily eyeing Apple's reported progress towards creating a "smartwatch", but say they are not too worried about the tech goliath's likely incursion into their traditional turf.

New Caledonia bans shark fishing

The government of the Pacific paradise of New Caledonia said Wednesday it had decided to ban fishing of sharks, which are being decimated to feed growing demand for luxury goods.

Researchers dig into why global consumers buy luxury goods

(Phys.org)—A young woman in Tokyo pays 243,000 Yen for a Louis Vuitton suitcase emblazoned with the company's iconic monogram. A continent away, another woman purchases the same suitcase at the company's store on New York's ...

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