Global Business Report: Brexit, Bank of Russia, Cartier

Global Business Report: Brexit, Bank of Russia, Cartier

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Business

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Hard

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The Bank of England decided to keep its interest rate at a historic low, citing concerns about inflation and GDP growth. Barclays' chairman expressed concerns over Brexit, suggesting it could worsen the UK's situation. The Bank of Russia highlighted economic challenges due to low oil prices and increased inflation risks. Richemont, a luxury goods company, reported a decline in sales, particularly in Asia, with a significant drop in Swiss watch exports to Hong Kong.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What trend was observed in Christmas sales for Cartier Jewelry in 2000?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did Swiss watch exports to Hong Kong change in November?

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