Richemont Sales Fall As Luxurys China Woes Linger
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‘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 cutsFinancial 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 Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - 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 -
U.S. Car Sales Hit a Five-Year High in 2024
Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.Inc. - Jan. 3 -
Ford and GM report best annual U.S. sales since 2019
Both General Motors and Ford reported their best annual U.S. new vehicle sales since 2019, prior to impacts from Covid and yearslong supply chain problems.NBC News - 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 -
Labor groups cheer Biden dismissal of US Steel sale as businesses bristle
Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of steelmaker U.S. Steel by Japanese rival Nippon Steel over ...The Hill - Jan. 3 -
Biden blocks sale of U.S. Steel to Japan's Nippon Steel
President Biden has blocked the acquisition of U.S. Steel by Japanese company Nippon Steel. NBC News' Kelly O'Donnell reports on how the president came to the decision and the impact it could have.NBC News - 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 -
Biden says he will block US Steel sale to Nippon Steel
President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...The Hill - Jan. 3 -
UK mortgage approvals fall in November
Unexpected decline interrupts recovery in housing market activityFinancial Times - 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 struggleCBS Sports - Jan. 2 -
Tesla Saw Its First Annual Sales Decline in a Dozen Years
Tesla saw a 1.1 percent decrease from 2023 sales.Inc. - Jan. 2 -
Tesla Shares Slip After First Annual Sales Decline
The electric-car company led by Elon Musk no longer has the market to itself. Investors are focusing on autonomous driving and other new technologies.The New York Times - Jan. 2 -
Tesla sales declined for first time in a decade
Tesla sales for 2024 declined for the first time in 10 years despite enticing financing offers and low-priced leases. CBS MoneyWarch correspondent Kelly O'Grady has more on the alarming trend. ...CBS News - Jan. 2 -
Reinsurance costs fall as sector deploys record capital
Decrease follows two years of bumper profits for providersFinancial Times - Jan. 2 -
Here’s the Reason U.S. Auto Sales Could Accelerate in 2025
Reduced inventories of cars amid enduring supply chain limitations are finally expanding again, lowering prices for buyers, and fueling sales growth for dealers.Inc. - Jan. 2 -
Tesla's annual sales drop for the first time in a decade
Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.CBS News - Jan. 2 -
Brompton profits almost wiped out after lower UK and Europe sales
British folding bike specialist cites economic headwinds and sector’s challenges as earnings drop below £5,000Financial Times - Jan. 2 -
Real estate trends for 2025: Regional sales, interest rates, more
From home sales ramping up in the South to when mortgage interest rates could come down, NBC’s senior business correspondent Christine Romans shares everything to know before buying a home in 2025.NBC News - 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 marketFinancial Times - Jan. 2 -
Pigs in blankets and fizz help boost Lidl Christmas sales
The supermarket chain said it achieved its best Christmas on record in 2024, although growth has slowed.BBC News - Jan. 2 -
Social pressure holds back sales of alcohol-free drinks, research finds
Other challenges include price and taste expectations, with Gen Zers most likely to succumbFinancial Times - Jan. 2 -
How to invest in a much-changed China
While Trump threatens punitive tariffs, investors need to understand how much the country has altered in recent yearsFinancial Times - Jan. 2 -
BYD, Chinese EV Peers Post Record Sales for December
Chinese electric-vehicle makers have benefited from a government trade-in program in the world’s largest market for EVs.The Wall Street Journal - Jan. 1 -
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 -
Belgium becomes first EU country to ban sale of disposable vapes
Products banned on health and environmental grounds, while Milan outlaws outdoor smoking . Belgium has become the EU first country to ban the sale of disposable vapes in an effort to stop young ...The Guardian - 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 -
China Reckons With Years of Excess
Overindebtedness, overbuilding and overcapacity are causing problems at home and abroad.The Wall Street Journal - Jan. 1
