The Persian New Year shopping period accounts for a significant share of local retailers’ annual turnover but this year’s takings are down due to economic headwinds and social unrest.

The report published today by the world’s leading climate science body, the United Nations Intergovernmental Panel on Climate Change, summarizes the panel’s output over the past five years, amounting to some 10,000 pages of dense scientific prose. This synthesis is succinct at 37 pages, and its message is blunt: Burning fossil fuels is threatening human well-being and the stability of much of life on Earth, and our chance to avoid the most severe impacts is fast moving out of reach.

Scott is stepping down as creative director of Moschino after 10 years, the Italian fashion brand said Monday.

John Lewis Partnership Plc may dilute its famous employee-owned structure to raise new investment as UK retail conditions worsen, the Times reported, without saying where it got the information.

Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the Chinese company ramped up efforts to get its story heard in Washington before an important hearing next week.

L’Oreal SA and Permira are among suitors competing for a stake in high-end cosmetics brand Aesop, people with knowledge of the matter said.

On June 15, the LVMH-owned fur and leather house will open the doors of its new factory in Tuscany to press and clients to present its Mens Spring/Summer 2024 collection.

The owner of Kay Jewelers and Zales attributes the dip in engagements this year to the dating dry spell during the depths of the pandemic.