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CHINESE LUXURY MARKET
China's luxury demand recovery may remain elusive, forcing global brands to rethink growth: Bernstein reportA report by Bernstein indicates that the luxury goods industry faces challenges due to reduced Chinese consumer demand. Economic factors su...- Driving a wedge in the EU EV marketChinese automobile companies are presenting their advanced technologies at the Paris auto show to attract European buyers. European car man...
- Global Market: European shares rise as lower oil prices lift sentiment; tech stocks slideEuropean markets saw an uptick, driven by declining oil prices that buoyed sentiment across numerous sectors. However, the technology indus...
- LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...
- Goodbye sightseeing, hello selfcare: The nearly trillion-dollar business of getting your life backWellness travel is transforming holidays as Indian travellers increasingly prioritise fitness, sleep, stress relief and personal wellbeing ...
- Why electric vehicles sales are lukewarm in America, but hot in EuropeElectric vehicle sales in the United States have dropped 30.7% this year following the expiration of a federal subsidy. In contrast, Europe...
- Tata Motors' Jaguar rolls out £130,000 Type 01 luxury EV as British brand begins electric rebootJaguar has unveiled the Type 01, a luxury electric grand tourer with a price tag of £130,000. Orders are set to open in early 2027, and del...
- As Thailand cracks down on foreigners, a tourist paradise reconsiders its welcomeThailand is facing a growing backlash against foreign influence in its tourist hotspots, particularly southern islands such as Koh Phangan,...
- BMW to cut 8,000 jobs in Germany as AI-led restructuring takes shapeBMW plans to eliminate around 8,000 jobs in Germany as part of its cost-cutting restructuring plan. The German luxury automaker aims to enh...
- LVMH Scion Antoine Arnault adds luxury carmaker Delage to his investment portfolioAntoine Arnault, the 49-year-old executive in his father's sprawling luxury empire LVMH, is the latest to join the roster of wealthy shareh...
- Global funds, same tech bet? The diversification trap Indian investors may missMany Indian investors mistakenly believe they diversify their portfolios by adding foreign countries. However, numerous global indices ofte...
- Europe's STOXX600 falls as autos, telecoms lead broad sell-offEuropean stocks took a downturn on Friday, primarily influenced by the disappointing outlook from Volkswagen and considerations surrounding...
- 'Loneliness' in China is now a $1 trillion 'singles economy' in the world's second most populous country with 1.4 billion peopleChina’s growing number of people living alone is driving a $1 trillion singles economy, with businesses offering products and services tail...
- Bernard Arnault falls out of top 10 richest people as US tech billionaires dominate global rankingsBernard Arnault has fallen out of the world’s top 10 richest people for the first time since 2017, with his fortune dropping $65 billion th...
- Luxury watchmakers say Gen-Z buying trends call for bold changesSwiss watchmakers face declining exports and a need for innovation. GenZ consumers seek excitement and emotion over status and brand loyalt...
- Vietnam’s coffee farmers are betting on durian to strike it rich in ChinaVietnamese farmers are shifting from coffee cultivation to durian farming. This change is driven by immense Chinese demand for the pungent ...
- Natural diamond prices have fallen 20-30% from post-pandemic highs: Paul Rowley, De BeersNatural diamond prices have stabilised after a significant correction, with larger stones seeing price increases. De Beers is now focusing ...
- Hyundai goes big on India with 26 new models as it plots 100+ vehicle global offensiveHyundai is gearing up for an extensive expansion, aiming for over one hundred global vehicle launches and enhancements by 2030. In India, t...
- Global Market: Porsche stock falls as MHP sale, weak revenue keep investors on edgePorsche shares faced pressure as investors assessed its €320 million MHP sale to TCS and a €1.25 billion technology partnership. The deal s...
- Estee Lauder bets on fragrances and skincare to deliver strong annual profitEstee Lauder projects robust annual profits that are set to surpass Wall Street's expectations. The company's growth is heavily fueled by l...
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