Daily LInks
1. Cartier is in the sights of LVMH Moet Hennessy Louis Vuitton SE, according to Swiss paper Finanz und Wirtschaft. There are “whispers” in the luxury industry of a potential takeover of Cartier-owner Cie Financiere Richemont SA by LVMH. – Read More on Bloomberg
2. German carmakers survive first round of climate lawsuits: German carmakers made it unscathed through a series of lawsuits led by environmental groups demanding they restrict their carbon emissions, with the final ruling issued on Friday – but the battle is not over, with all plaintiffs pledging to appeal. – Read More on Reuters
3. Amendments to China’s Trademark Law – Improving IP Use and Protection: New amendments to the China trademark law seek to improve the use and protection of trademarks by tackling anti-competitive behavior and simplifying some registration procedures. – Read More on China Briefing
4. OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger: “Inflation is starting to tick down, but we are not on top of the inflation challenge yet. There is more work to be done to tackle inflation and that comes with risks.” – Read More on CNBC
5. TJX Sales Climb as Consumers Hunt for Bargains: The tightening in consumer spending is expected to be a boon for TJX and other off-price retailers as customers, wary of a potential recession on the horizon, become more sensitive to higher prices and hunt for more bargains. – Read More on the WSJ
