The record for the most expensive wine or spirit sold at auction was broken by a rare bottle of whisky, which was bought for $2.7 million. Scotch whisky in the form of the highly sought-after Macallan 1926 single malt bottle can be… Read More ›
Month: November 2023
Declining Foot Traffic In Burberry Stores Hampers Its Design Renovation
Burberry could not be in more of a bad spot for the luxury market recession that followed the post-pandemic boom, with designer Daniel Lee’s initial designs for the British brand beginning to appear in recently renovated stores. Executives issued a… Read More ›
As Luxury Companies Look To Develop, Exclusivity Is The Name Of The Game When It Comes To China’s Wealthiest
The world’s leading luxury companies are vying for the likes of affluent businesswoman Diana Wang in an attempt to expand in China, their second-largest market. Wang, an investor and owner of a fashion brand bearing his name, is based in… Read More ›
What Deals Are Customers Looking For On Black Friday, And When Is It?
Black Friday falls on November 24, this year. Retailers are getting ready for what they think would be another record-breaking worldwide shopping frenzy. Black Friday is typically considered to be the unofficial start of the Christmas shopping season because of… Read More ›
Japan’s Economy Shrinks As The Likelihood Of A Recession Rises
Japan’s economy shrank from July to September, ending two quarters of growth fueled by exports and sluggish consumption. This made the central bank’s efforts to gradually reduce its large monetary stimulus programme more challenging in the face of rising inflation…. Read More ›
China’s Industry Output And Consumption Exceeded Predictions; Property Is Still A Drag On The Economy
Although China’s retail sales and industrial output growth in October exceeded forecasts, the country’s overall economic picture showed notable areas of weakness, with the crisis-ridden real estate sector still threatening a full-blown recovery. The second-biggest economy in the world has… Read More ›
Yellen Said She Is Not In Agreement With Moody’s Assessment Of US Debt
Reversing Moody’s judgement from last week to lower its outlook on US debt, U.S. Treasury Secretary Janet Yellen has stated that the country’s economy is robust and the Treasury market is secure and liquid. “This is a decision I disagree… Read More ›
Auto Manufacturers And Suppliers Pushing For EVs To Have Less Rare Earth Metals
An increasing number of automakers and suppliers are developing electric vehicle (EV) motors that either significantly limit the use of materials dominated by China, or do not contain rare earths. A list of some of the goods that suppliers and… Read More ›
Major Online Retailers Claim Increased Sales After China’s Singles Day Sales Celebration
Alibaba Group announced that during this year’s Singles Day sales period, which ended at midnight on Saturday, its Chinese e-commerce platforms Tmall and Taobao had “positive” year-over-year growth. Competitor JD.com reported that during the sales period, its festival GMV (gross… Read More ›
Delegates To A UN Conference On A Global Plastic Accord To Debate Production Caps
Government representatives are preparing for difficult negotiations over whether to restrict the quantity of plastic generated or simply to concentrate on waste management as the world’s governments begin another round of talks this week on drafting the first-ever convention to… Read More ›
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