Spending on tax free shopping at leading destinations dropped for the first time since 2009 in the second quarter, with spending by Russians down sharply due to the fall in the rouble, according to a tourism shopping specialist.
Cyprus clinched a last-ditch deal with international lenders to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailo
The cheapest jeans buyers are Americans and the most lavish Russians, according to a global study.
The survey by Synovate, a leading global research firm, shows Levis' global dominance in denim.
It said 16 per cent of women would