GRENCHEN, Switzerland, March 6 The world's largest watchmaker Swatch Group has reached an undisclosed agreement in principle with Swiss competition officials over watch movements to third parties, the luxury watchmaker's chief lawyer said on Wednesday.
"We have reached an agreement...the next step is to take it to the entire Weko commission which we expect sometime towards the end of March, and then decide how to proceed," Swatch lawyer Hanspeter Rentsch said at a press conference.
Rentsch gave no details of the agreement reached with Weko officials. (Reporting by Katharina Bart)
RPT-UPDATE 1-With healthcare bill dead, U.S. Republicans turn to taxes
WASHINGTON, March 24 After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.