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Tourists and the Japanese art of pandemic envy

The first tourists have begun to trickle back into Japan, with a few guided tour groups arriving in a small experiment designed to get locals used to the idea of foreign visitors. Prime Minister Fumio Kishida is promising to let in more package tours starting next month as the country starts to reopen. Foreigners have actually been visible for several ...

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Nordstrom, Ralph Lauren are winners

High-end shoppers are still spending, for now at least. After Kohl’s Corp Chief Executive Officer Michelle Gass pointed to a “bifurcation” of consumers, as some Americans traded up to premium brands while others downshifted to cheaper private labels, upmarket department store Nordstrom Inc has continued the polarisation theme. The seller of $1,000 Mach & Mach shoes and $2,000 Burberry trench ...

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Johnson nicks a big idea from Labour for now!

  It’s rare to see the Labour Party offer such a fulsome embrace of a set of Conservative policy announcements. Then again, opposition leader Keir Starmer’s shadow bench was really cheering Boris Johnson’s government adopting Labour calls for a windfall tax on energy companies and more help for consumers hit with cost-of-living increases. Democracy in action. Chancellor of the Exchequer ...

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