Kris Lin, the owner of a lighting manufacturer in China, was confronted with a difficult decision when he received the first order of the year from a close overseas client: either take it at a loss or advise employees not to return after the Lunar New Year.   "It was impossible for me to...

According to a survey conducted by the US National Retail Federation (NRF), Americans would spend approximately $25.8 billion overall on Valentine's Day (February 14) this year, nearly unchanged from the previous year. 2020 saw the record high of $27.4 billion. With an average of $185.81 prepared...

The Bank of England maintained the benchmark interest rate at 5.25% annually, in line with predictions made by analysts. The British regulator's website states that the Bank of England maintained the basic interest rate at 5.25% annually. Two members of the Bank of England's monetary policy...

According to Bloomberg, China's primary stock index, the CSI 300, dropped by about 1% and hit a five-year low. The newspaper notes that worries that the government is not doing enough to boost the economy and address the protracted real estate crisis caused Chinese stocks to drop 6.3% in January,...

The largest sovereign wealth fund in the world, the State Pension Fund of Norway (often known as the Oil Fund), has reported a record profit of 2.222 billion kroner ($213 billion) for 2023. The fund noted that its 16.1% return on investments was partly attributable to the depreciation of the...

The International Monetary Fund updated its 2024 growth prediction for the economies of developing Asia, citing dangers from China's worsening property sector crisis while maintaining its bullish outlook for India.   It has upgraded its October prediction by 0.4 percentage points to 5.2%...

Giants in the consumer goods industry may experience a slowdown in their robust profit recovery if cautious consumer spending offsets softening input costs following several quarters of sharp inflation, even as product prices begin to fall.   Customers who had originally splurged and endured...

The next major difficulty for the export-oriented nations of central Europe Germany, still licking their wounds from some of the greatest inflation rises in history following the COVID-19 pandemic, is the sick status of the economy.   Following the fall of communism, the region benefited...

Investors poured money back into high-end luxury shares, increasing their market value by almost $70 billion as LVMH's most recent sales numbers gave them confidence that the industry would weather economic challenges, especially in China.   The shopping frenzy contributed to partially...