Chinese customers are once again shopping in the country’s luxury boutiques, but they are fewer in number and spending less, The Wall Street Journal discovered.
Tag: Economy
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GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs and declining demand.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Layoffs in January were the highest to start a year since 2009, according to outplacement firm Challenger, Gray and Christmas.
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BANK OF ENGLAND NARROWLY FREEZES KEY INTEREST RATE
By a 5-4 vote, Bank of England (BoE) officials held the central bank’s interest rate untouched at 3.75 percent last week, as economists had expected.
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ECB HOLDS INTEREST RATE STEADY
The European Central Bank rate-setting committee (ECB) left the bank’s key interest rate at 2 percent last week.
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TRUMP MAKING BRAIN-DEAD BIDEN LOOK GOOD?
A newly released poll found that a majority of Americans – by a small margin – say they believe former President Joe Biden ran the country better than his successor, Donald Trump.
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SPOTLIGHT: BIGS GETTING BIGGER
Civitas Resources and SM Energy are merging in an all-stock deal worth $13 billion that will create a major natural gas producer in the shale-rich Permian Basin underlying Texas and New Mexico.
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SPECIAL REPORT: THE WORLD’S SHRINKING MANUFACTURING SECTOR
Donald Trump’s recent trade negotiations with China and South Korea seemed positive, but they did little to soothe concerns among the region’s exporters about U.S. demand, Reuters reported.
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BANKS ATTACK ECB’S PLAN FOR A DIGITAL EURO
A battalion of 14 European banks—including heavyweights BNP Paribas, Deutsche Bank, and ING—have warned that the European Central Bank’s (ECB’s) plan to issue a digital euro will undermine the private sector’s payment system.