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Business

Piaget jewellery heist suspects arrested in France: source

French police have arrested five people, including a veteran jewel thief, in connection with an armed heist in broad daylight at a Paris store of luxury brand Piaget, a source close to the case said Wednesday. In the August 1 robbery, the gang made off with 10 to 15 million euros (10.5 to 15.8 million dollars) worth of jewellery and watches,...

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Fashion

Turbulent time for Swiss watchmakers in China

Swiss watchmakers are facing turbulent times in one of their top markets, as the already shrinking luxury sales in China are compounded by the recent devaluation of the yuan. Global financial markets are still reeling from the Chinese central bank's sudden devaluation of the yuan earlier this month, which allowed the currency to plunge nearly...

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