After more than a year on the downward slope, sales of luxury watches began to rebound again last year. At the annual SIHH fine watch show in Geneva, manufacturers say sales are now on the uptick.
Legendary luxury watch brands, for which Switzerland is known worldwide, originate from La Chaux-de-Fonds and Le Locle. The watchmaking metropolis has been a UNESCO World Heritage Site since 2009.
Conditions at prisons in Indonesia are often poor and overcrowded, but officials at a prison in West Java have been arrested for allegedly providing "luxury" facilities for prisoners who are able to pay a price.
EU manufacturers lose billions of euros annually as a result of a rising flood of counterfeit goods being brought into the bloc, a fresh report has shown. The situation is expected to get even worse in the years ahead.
The stock market has a new star sector: cannabis companies. The drug is conquering the United States and the legalization campaign is also pulling some big investors into the business, including Coca-Cola.
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