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Germany Bans Support for Hamas

Germany will ban all activities and organizations supporting Hamas, after days of anti-Israel protests in Berlin and elsewhere, Chancellor Olaf Scholz said Thursday. Hamas is already labeled as a terrorist organization in Germany, but now Berlin will prohibit any activities in support of the group

Zara s Owner Will Feel the Chill This Winter

Dec. 15, 2020 9:54 am ET Zara’s owner is having to shut stores again in the crucial run up to Christmas. The fashion retailer’s fast-growing online business may not patch the hole as well as might be hoped. Spain-based Inditex , the world’s largest clothing retailer, said on Tuesday that sales over the three months through October fell 10% at constant exchange rates compared with the same period of 2019. The company had almost recovered to precrisis sales levels when the second wave struck. Markets like Spain and Ireland imposed tighter rules on nonessential retailers from mid-October. With new restrictions coming into force this week in parts of the U.K., Germany and the Netherlands, the question is whether Inditex’s digital business—which is much larger today than it was before the pandemic—can claw back lost store sales any faster than it did during the first wave of restrictions. The answer seems to be a qualified no based on the data s

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