Richemont Sales Fall As Luxurys China Woes Linger

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

Luxury goods groups drive European stocks to highest level in a month

LVMH and Hermès push up Cac 40 after Richemont’s better than expected sales

Financial Times - 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

Falling Child Vaccinations

U.S. vaccination rates against once-common childhood diseases are falling.

The New York Times - Jan. 13

Stormers dent Sale's chances of qualification

Stormers cruise past Sale Sharks to claim a bonus-point victory and kickstart their Investec Champions Cup campaign in round three.

BBC News - Jan. 11

DC's Amazon lawsuit reminds us that safety is a luxury for Black Americans

While America was getting more violent, it was Black Americans who felt the increase most acutely.

The Hill - Jan. 11

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

Italy’s luxury wineries rely on illegal migrant workers

Barolo, Barbaresco and other high-end wines made in Langhe region grapple with dependence on undocumented labourers

Financial Times - Jan. 10

Questions over attack linger as New Orleans brings in security expert

New Orleans is facing lawsuits and investigations surrounding its safety barriers as the Super Bowl and dozens of Mardi Gras parades loom.

CBS News - Jan. 9

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

Greggs shares drop on sales slowdown

UK bakery chain blames ‘subdued high street footfall’ for weaker earnings

Financial 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

British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models

BMW-owned Rolls Royce Motor Cars, like other luxury car brands, has seen an uptick in demand for bespoke and complex car models in recent months.

CNBC - Jan. 8

How long will Genesis be the inconspicuous luxury brand?

Yahoo News - 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

Trudeau resigns as inflation and other economic woes keep toppling leaders around the world

The move by Canadian Prime Minister Justin Trudeau is a fresh sign of how inflation and other economic headwinds have hammered incumbent parties around the world in the past 12 months.

MarketWatch - Jan. 6

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

New Orleans attacker fell into extremism after marital and financial woes

Shamsud-Din Jabbar once worked at a major accountancy, but a chaotic family life undermined his stability. Shamsud-Din Jabbar’s descent into religious extremism unfolded over years – but his deadly ...

The Guardian - Jan. 4

‘There will be a bit of a slump’: London braced for luxury hotel glut

Biggest number of room openings in more than a decade prompts concerns about oversupply and price cuts

Financial Times - Jan. 4

In severe bird flu cases, the virus can mutate as it lingers in the body

A 13-year-old girl in British Columbia who was hospitalized with bird flu for several weeks late last year harbored a mutated version of the virus, according to a report published this week in the ...

NBC News - Jan. 3

Biden blocks US Steel sale

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...

The Hill - Jan. 3

Thai PM declares luxury handbags, watches among $400 million in assets

Thailand's youngest-ever leader has more than 200 designer handbags worth over $2 million, as well as property in London and Japan, her party said.

CBS News - Jan. 3

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

Timeline of New Orleans attack: Suspect's marital, financial woes come into focus

As a portrait begins to emerge of the suspect behind the deadly New Orleans attack, federal investigators have laid out a timeline of events.

ABC News - 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

Google’s antitrust woes spark analyst downgrade of Alphabet’s stock

JMP Securities cited “the risk of antitrust penalties that could significantly impact Google’s U.S. distribution of search and search revenue.”

MarketWatch - Jan. 3

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

Inter continue to overcome Lautaro Martinez's attacking woes, advance to Supercoppa Italiana final

The Nerazzurri managed to beat Atalanta 2-0 in the semifinals as the Argentine continues to struggle

CBS Sports - Jan. 2

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

How Katz’s Deli’s Legal Woes Started With the 2011 Zagat Guide

The Lower East Side institution agreed to make renovations to accommodate people with disabilities, long after a “most popular” restaurants list put it under Justice Department scrutiny.

The New York Times - Jan. 1

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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