Richemont Sales Fall As Luxurys China Woes Linger

WH Smith High Street sales fall amid talks to sell stores

High street sales dropped 6% in the 21 weeks to January 25, the retailer said.

BBC News - 6h

Leading China Property Developer Reports Huge loss, in Sign of Widening Real-Estate Woes

Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.

The Wall Street Journal - 2d

World's largest luxury group LVMH posts better than feared full-year sales

The world's largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.

CNBC - 23h

Tech stocks fall as China's DeepSeek sparks U.S. worries about the AI race

Tech stocks plunged Monday morning, as fears mounted that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI development.

NBC News - 2d

Vanke’s woes reignite fears for China’s property sector

Real estate developer says it expects $6.2bn annual loss and announces sudden resignation of chair and chief executive

Financial Times - 2d

Dollar falls after Trump hints at softer stance on China tariffs

US president also says he would like to see interest rates to fall ‘a lot’

Financial Times - 5d

GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025

DETROIT — General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this ...

NBC News - 5d

GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025

General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq.

CNBC - 6d

China urges state-backed funds to buy more stocks amid market slump, falling bond yields

China's financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more A-shares.

CNBC - 6d

EU plans subsidy for EV car sales to counter China

Teresa Ribera says European Commission weighing up measure demanded by Germany

Financial Times - 6d

Polar vortex slams U.S. as snow lingers in the South

Frigid temperatures are keeping snow on the ground in parts of the South as some cities in the North report dangerously low temperatures. CBS News Pittsburgh's Erika Stanish reports, and Skyler ...

CBS News - 6d

Spurs' woes continue with Pape Matar Sarr injury

Tottenham Hotspur have been dealt another injury blow manager Ange Postecoglou confirming Pape Matar Sarr will miss the side's Europa League trip to Hoffenheim on Thursday.

ESPN - 6d

Apple's Smartphone Sales Slump in China as Huawei Gains Market Share

The U.S. tech giant’s fourth-quarter iPhone sales fell 18% in the world’s largest smartphone market.

The Wall Street Journal - Jan. 21

'Very worried' - Saliba injury adds to Arsenal woes

Mikel Arteta has admitted he is "very worried" about William Saliba's injury after the Arsenal defender missed Saturday's 2-2 draw against Aston Villa on Saturday.

ESPN - Jan. 20

China benefits from ‘dragon year’ birth boost but population falls again

Policymakers respond with tax breaks and other measures as figures reveal third consecutive year of decline

Financial Times - Jan. 17

Luxury’s ‘America first’ moment

Flush stock market investors and newly-minted crypto bros have clearly been busy with festive shopping

Financial Times - Jan. 17

China’s population falls for a third straight year, posing challenges for its government and economy

China’s population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world’s second most populous nation.

NBC News - Jan. 17

Shares of Cartier owner Richemont jump 16% as sales rise in December quarter

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

CNBC - Jan. 16

Richemont stock is surging by the most ever. Other luxury plays are jumping too.

The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.

MarketWatch - Jan. 16

When U.S. allies have undersea cables severed, suspicion falls on Russia and China

A series of incidents involving undersea cables has drawn attention to their vulnerability and cast suspicion on vessels from Russia and China.

NBC News - Jan. 14

China Officials Discuss Option of TikTok Sale to Elon Musk

Beijing officials preparing options for after Donald Trump’s inauguration have examined possible openness to a deal for TikTok’s U.S. operations with the owner of X.

The Wall Street Journal - Jan. 14

U.K. Grocers' Stocks Fall on Cost Woes Despite Positive Christmas

Shares in Tesco, Sainsbury’s and M&S have fallen as higher salaries and increased national insurance contributions, together with inflation and higher-for-longer interest rates, set the tone for a ...

The Wall Street Journal - Jan. 10

Violent protests in China after student falls to his death

Protesters and police clash after a boy is found dead at his school dormitory.

BBC News - Jan. 9

As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury

With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.

The New York Times - Jan. 9

The Secret Sauce to Fixing the N.B.A.’s Ratings Woes

Rivalries spark fireworks, and the league is desperate for a new one, a columnist for The Athletic writes.

The New York Times - Jan. 8

Lamar attributes playoff woes to being 'too antsy'

Ravens quarterback Lamar Jackson attributes his 2-4 mark in the postseason to being "too antsy," but says he has found a way to balance that out.

ESPN - Jan. 7

China’s biggest football club kicked out of league as financial woes mount

Guangzhou FC’s struggles relate to collapse of property developer China Evergrande

Financial Times - Jan. 7

China rushes to reassure investors as equities and renminbi fall

CSI 300 down 4.2% this year and currency slides to 15-month low as Donald Trump’s return weighs on markets

Financial Times - Jan. 6

Tesla posted record China sales in 2024. But this year is going to be tough as competition heats up

Tesla faces fresh threats as Chinese automakers double down on domestic market in the face of hefty export tariffs in the U.S. and European Union.

CNBC - Jan. 6

Assad’s fall is an opportunity for a US win over China

Trump may believe that Syria is “not our fight,” but the competition with China is very much ours and will undoubtedly be a focus of his administration.

The Hill - Jan. 5

Ford, Rivian stocks get boost from sales after rival Tesla’s numbers fall short

Rivian and Ford shares are on the rise after both carmakers touted growth in EV sales.

MarketWatch - Jan. 3

Apple offers rare iPhone discounts in China as foreign smartphone sales drop

Apple Inc. has kicked off the new year with iPhone discounts in China, underlining the challenges facing the tech giant in one of the world’s most populous countries.

MarketWatch - Jan. 3

Foreign phone sales plunge 47% in China, spelling trouble for Apple

Apple is under pressure in China as a result of rising competition from domestic brands, in particular Huawei.

CNBC - Jan. 3

China Adds to Sanctions of U.S. Defense Contractors Over Taiwan Arms Sales

Beijing sent a fresh warning to President-elect Donald Trump of the tools it can use to protect national interests.

The Wall Street Journal - Jan. 3

Kweichow Moutai Expects to Meet Revenue Growth Target Despite China Market Woes

Chinese liquor giant Kweichow Moutai expects to meet its revenue growth target for 2024 despite subdued consumer sentiment and slumping wholesale prices in its home market.

The Wall Street Journal - Jan. 2

Sweden's green industry hopes hit by Northvolt woes

Financial problems at battery maker Northvolt have shaken hopes for Sweden's green industry sector.

BBC News - Jan. 3

China’s electric-vehicle leader BYD posts record sales in 2024

Bigger companies beat targets as intense competition rocks world’s biggest car market

Financial Times - Jan. 2

Kyrgios shrugs off lingering wrist pain in tight doubles loss with Djokovic

Djokovic double fault at 8-6 disastrous for star pairing Kyrgios heads home to ponder Australian Open return A fluent and upbeat Nick Kyrgios shrugged off the pain in his surgically repaired ...

The Guardian - Jan. 1

Richemont Sales Fall As Luxurys China Woes Linger

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