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currency crisis

World news about “currency crisis” published by euronews.

09/03 18:44 CET

Russia’s recession sees profits slide for European luxury goods and tourism

Russia’s recession sees profits slide for European luxury goods and tourism

Russia's slide into recession has predictably hit European tourism and luxury goods firm hard. Despite making dramatic reductions and cost-cutting measures to limit the damage, there are few signs things will get better soon. According to the UN's World Tourism Organisation…