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Celebrity handbag designer Nancy Gonzalez jailed for wildlife smuggling: Nancy Gonzalez recruited relatives to smuggle purses made of illicit python and caiman ...
bbc.com/news/world-us-canada-68879020
Quick Glance: Fashion Designer Nancy Gonzalez Sentenced to Prison for Smuggling
- Fashion designer Nancy Gonzalez sentenced to 18 months in prison after smuggling crocodile handbags from Colombia.
- Gonzalez, once an aspiring designer, led a smuggling operation that violated US wildlife laws.
- Despite efforts to bypass immigration regulations, Gonzalez was convicted and faces incarceration.
- Her wealth and lavish lifestyle contrasted with the couriers she recruited, leading to a court ruling.
Huawei sales are soaring in China as Apple sinks: Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the ...
cnn.com/2024/04/23/tech/huawei-apple-smartphone-sales-china-hnk-intl/
Alexis Ohanian makes an unprecedented investment in women’s track: Seeing “tremendous upside” in the sport, the billionaire is funding a women-only event this ...
washingtonpost.com/sports/olympics/2024/04/23/alexis-ohanian-is-funding-women-only-track-event-this-fall/
Black swan hedge fund says Fed rate cuts will signal market crash: While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund ...
reuters.com/markets/us/black-swan-hedge-fund-says-fed-rate-cuts-will-signal-market-crash-2024-04-22/
Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
India's IndiGo places first-ever widebody order for 30 Airbus A350 jets: IndiGo, India's top airline by market share, placed an order with Airbus for 30 A350-900 ...
reuters.com/business/aerospace-defense/indias-indigo-places-order-30-airbus-widebody-aircraft-2024-04-25/
Superfakes: Copycat manufacturers are becoming increasingly skilled at producing knock-off designer handbags
abcnews.go.com/Business/superfakes-copycat-manufacturers-becoming-increasingly-skilled-producing-knock/story
China's EV survival game creates peril - and power: By most measures, the last thing China needs is more electric cars crowding a market with more losers than ...
reut.rs/49Q1bZK
So far 6000 euros for the Ahrtal: The old boys from Fellingshausen keep collecting donations for the Ahr Valley and want to continue to provide help.
giessener-anzeiger.de/lokales/biebertal-ort848760/bisher-6000-euro-fuer-das-ahrtal-93025090.html
Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%: Apple's smartphone shipments in China tumbled 19% in the first quarter of the year ...
reuters.com/technology/apples-q1-phone-sales-china-fall-191-huaweis-up-70-2024-04-23/
iPhone sales are plunging. Here’s why: Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply.
cnn.com/2024/04/15/tech/iphone-sales-plunging/
Quick Glance: iPhone sales plummet. Here's why
- Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.
- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
First-time buyers face toughest test for 70 years, lenders say: First-time buyers depend on two high incomes or parental support, the Building Societies ...
bbc.com/news/articles/c87zgx42m5go
Tsukiji 2030s: A stadium, culinary center and transportation hub: Massive redevelopment plans for the former site of Japan's world-famous fish market aim to turn ...
japantimes.co.jp/business/2024/04/22/companies/tsukiji-market-redevelopment/
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says: Apple's smartphone shipments dropped about 10% in the first quarter of 2024 ...
reuters.com/technology/apple-loses-top-phonemaker-spot-samsung-iphone-shipments-drop-idc-says-2024-04-15/
Google parent Alphabet reclaims spot in $2 trillion valuation club: Alphabet breached the $2 trillion market value mark for the first time since November 2021 on ...
reuters.com/technology/google-parent-alphabet-reclaims-spot-2-trillion-valuation-club-2024-04-26/
German unemployment seen rising to highest level in almost a decade: Germany's economic weakness is finally taking a toll on the labour market ...
reuters.com/markets/europe/german-unemployment-seen-rising-highest-level-almost-decade-2024-04-26/
US new home sales rebound to six-month high; rising mortgage rates a concern: Sales of new U.S. single-family homes rebounded in March from February's downwardly ...
reuters.com/markets/us/us-new-home-sales-rebound-march-2024-04-23/
Cryptoverse: Hold for the halving: Could bitcoin's bumper rally just be getting started this year?
reuters.com/markets/currencies/cryptoverse-hold-halving-2024-04-16/
Quick Glance: Bitcoin 'Halving' Completed, CoinGecko Reports
- Bitcoin, the world's largest cryptocurrency, completed its 'halving' on Friday, a phenomenon that occurs roughly every four years according to CoinGecko.
- Following the 'halving', Bitcoin remained relatively stable, dropping by 0.47% to $63,747.
- The 'halving' was integrated into Bitcoin's code at its inception to reduce the rate of new Bitcoins being created.
- Experts are divided on whether the upcoming 'halving' will boost Bitcoin's price, with some viewing it as already factored in, while others remain skeptical.
Microsoft's AI lead puts Amazon cloud dominance on watch: Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on ...
reuters.com/technology/microsofts-ai-lead-puts-amazon-cloud-dominance-watch-2024-04-24/
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
China leaves benchmark lending rates unchanged, in line with expectations: China left benchmark lending rates unchanged at a monthly fixing on Monday ...
reuters.com/world/china/china-leaves-benchmark-lending-lprs-unchanged-line-with-expectations-2024-04-22/
Donald Trump's media company falls 12%, extends selloff: Shares of Donald Trump's media and technology firm fell as much as 12% on Monday ...
reuters.com/business/media-telecom/donald-trumps-media-company-falls-12-extends-selloff-2024-04-08/
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
There is a lack of staff at Germany's weekly markets: Weekly markets are not only a place for regional produce, but also a meeting place ...
tagesschau.de/wirtschaft/arbeitsmarkt/wochenmaerkte-handel-personal-100.html
TSMC's first quarter profit rises 9%, beats forecasts: TSMC , the world's largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales ...
reuters.com/technology/tsmc-set-report-5-rise-first-quarter-profit-strong-ai-chip-demand-2024-04-18/
Quick Glance: TSMC Forecasts Q2 Growth Due to 'Insatiable' AI Demand
- TSMC, the world's largest chipmaker, forecasts a potential up to 30% increase in sales in the second quarter, driven by strong demand for semiconductors used in artificial intelligence (AI).
- The CEO of TSMC emphasized the insatiable demand for energy-efficient computing power for AI applications, stating that almost all AI innovators are collaborating with the company.
- Benefiting from the AI wave, TSMC expects revenue from AI servers to surpass 20% by 2028. The company anticipates that strong demand for its 3nm and 5nm technologies will support business in the second quarter of 2024.
- Forecasts for 2024 indicate TSMC's positive outlook, with expectations of revenue rising in the low- to mid-20% range. Despite sluggish smartphone demand, the company remains optimistic about the future due to the ongoing demand for advanced chip technologies.
Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO: Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market ...
cnn.com/2024/04/23/investing/chabaidao-ipo-hong-kong-flop/
Quick Glance: ChaPanda's Disappointing Hong Kong Debut Sees 40% Price Drop
- Chinese tea chain Sichuan Baicha Baidao, also known as ChaPanda, had a disappointing debut on the Hong Kong market with a significant price drop in morning trading.
- The shares opened at 15.74 Hong Kong dollars, 10% below its IPO price of HK$17.50, and plummeted close to 40% at one point, closing the morning session at HK$11.34, down by 35%.
China’s growing love of luxury watches remains strong, despite economic headwinds
cnn.com/2024/04/19/style/china-luxury-watches/
Should You Use an Anti-Wrinkle Straw?: Another solution to a problem we didn’t know we had.
nytimes.com/2024/04/15/style/self-care/anti-wrinkle-straws-tiktok.html
US weekly jobless claims remain at low level: The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week ...
reuters.com/world/us/us-weekly-jobless-claims-unchanged-low-levels-2024-04-18/
China to Stop Displaying Real-Time Data for Foreign Flows Into Stocks: China will soon cease displaying real-time data for flows into the world’s second-largest ...
bloomberg.com/news/articles/2024-04-15/china-to-end-live-feed-on-gauge-of-foreign-flows-into-stocks
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Germany says Europe is open to Chinese cars but not at any price: German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market ...
cnn.com/2024/04/15/business/china-germany-chancellor-cars-overcapacity-hnk-intl/
General Motors beats quarterly results targets, raises forecast: General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised ...
reuters.com/business/autos-transportation/general-motors-beats-quarterly-results-targets-raises-forecast-2024-04-23/
Elon Musk is heading to India. He could deliver a big win for Tesla and Narendra Modi
cnn.com/2024/04/19/cars/india-elon-musk-visit-investment-intl-hnk/
According to Gucci: This is the new must-have handbag: Gucci's new "GG Milano" handbag promises to be the most sought-after accessory of the season - read now on ...
elle.de/fashion-taschentrends-gucci-gg-milano-handtasche
Meghan Markle’s New Look Is Taking Shape for Spring: Meghan Markle is precisely the kind of wholesome artisan I would like to purchase homemade jams from: ...
vogue.com/article/meghan-markle-new-look-is-taking-shape-for-spring
Shopping for ‘the classics’: Why the pre-owned luxury watch market is thriving: What’s old is new again, and the longstanding phrase couldn’t be more apropos ...
cnn.com/2024/04/24/style/luxury-pre-owned-watches/
5 Of The Best Alteration, Restoration And Repair Services Online In The UK: I sent my favourite vintage dress, shoes and designer handbag to be restored and ...
elle.com/uk/fashion/g45035410/best-alteration-restoration-repair-services-online/
Jennifer Lawrence chooses this unusual trend color for her bag in spring 2024: Jennifer Lawrence currently seems to have a favorite color. After sweaters and ...
vogue.de/artikel/jennifer-lawrence-tasche-trendfarbe-gelb-2024
Exclusive: Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say
reuters.com/markets/deals/abu-dhabis-largest-islamic-bank-talks-buy-11-bln-stake-indonesian-lender-sources-2024-04-17/
Asking prices for UK homes close to record high, Rightmove says: Prices of homes being sold in Britain are close to their record highs after the biggest annual ...
reuters.com/world/uk/asking-prices-uk-homes-close-record-high-rightmove-says-2024-04-21/
The slouchy, oversized bag is the only It-girl arm candy you need: The return of the Balenciaga Le City bag ushers in an era of messy, lived-in handbags ...
vogue.in/content/the-slouchy-oversized-bag-is-the-only-it-girl-arm-candy-you-need
7 Handbag Colors That Go With Everything: You may be tempted to coordinate your clothing with a tried and true black bag, there’s a rainbow of hues that can ...
instyle.com/handbag-colors-that-go-with-everything-8635936
Focus: Czech arms maker CSG chief eyes place on global stage: Michal Strnad, who a decade ago became head of CSG, a family defence business ...
reuters.com/business/aerospace-defense/czech-arms-maker-csg-chief-eyes-place-global-stage-2024-04-14/
Despite $90 crude, US oil output capped by weak natgas prices: U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market ...
reuters.com/business/energy/despite-90-crude-us-oil-output-capped-by-weak-natgas-prices-2024-04-08/
UK recruiters report slowest growth in starting pay in over 3 years: Starting salaries for permanent staff grew at the slowest rate in over three years last ...
reuters.com/world/uk/uk-recruiters-report-slowest-growth-starting-pay-over-3-years-2024-04-07/
BOJ will hike rates if trend inflation accelerates, gov Ueda says: The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% ...
reuters.com/markets/asia/boj-will-hike-rates-if-trend-inflation-accelerates-says-gov-ueda-2024-04-23/
Ohio senator wants Biden to permanently ban Chinese EVs from US: The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block ...
reuters.com/business/autos-transportation/ohio-senator-wants-biden-permanently-ban-chinese-evs-us-2024-04-11/
Qatar leads Gulf markets higher; Kuwait slips: The Qatar stock market ended higher on Sunday, boosted by gains in communications, energy and finance stocks ...
reuters.com/world/middle-east/qatar-leads-gulf-markets-higher-kuwait-slips-2024-04-07/
Christiania: A Copenhagen hippy commune fights back against drug gangs: Locals start digging up a Copenhagen street as part of a bid to tackle drug-related crime ...
bbc.com/news/world-europe-68740282
Quick Glance: Christiania's Transformation: Ending Illegal Drug Market
- Residents of Christiania in Copenhagen aim to remove Pusher Street after decades of illegal drug trade to make way for renovations.
- The Justice Minister sees the action as symbolically significant, emphasizing the residents' desire to create a new Christiania without a criminal drug market.
- Having long battled authorities, residents now have the opportunity to control and renovate their land to modernize the hippie oasis.
- The community hopes that by dismantling the street and renovating, the illegal drug trade will cease, allowing Christiania to remain a legal and alternative part of Copenhagen.
EV maker Lucid beats first-quarter delivery estimates as price cuts boost demand: Lucid reported first-quarter deliveries above market expectations on Tuesday as ...
reuters.com/business/autos-transportation/ev-maker-lucid-beats-first-quarter-delivery-estimates-2024-04-09/
The History of the Hero: The Lady Dior: Originally named the Chouchou, one very famous royal fan changed this Dior bag forever
harpersbazaar.com/uk/fashion/fashion-news/a60371355/lady-dior/
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
BHP’s Bold $39 Billion Bid to Transform the Mining Landscape: BHP, the world's largest mining firm, has launched a $39 billion acquisition bid for its ...
riotimesonline.com/bhps-bold-39-billion-bid-to-transform-the-mining-landscape/
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Bank of Japan keeps rates steady, tweaks JGB-buying language: The Bank of Japan kept its short-term rates steady on Friday while removing a reference to the ...
reuters.com/markets/asia/bank-japan-keeps-rates-steady-tweaks-jgb-buying-plan-2024-04-26/
This is the new trend bag we'll be seeing everywhere in 2024 - and Dua Lipa is already wearing it
vogue.de/artikel/dua-lipa-trend-tasche-2024
Q1 US GDP shows surprise slowing and uncomfortable inflation: U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot ...
reuters.com/markets/us/view-q1-us-gdp-shows-surprise-slowing-uncomfortable-inflation-2024-04-25/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Meta shares sink on higher AI spending, light revenue forecast: Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and ...
reut.rs/44hescF
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Microsoft-backed Rubrik prices US IPO above range at $32/shr: Rubrik , the cybersecurity software startup that counts Microsoft among its investors ...
reuters.com/markets/deals/microsoft-backed-rubrik-prices-ipo-above-range-32-per-share-source-says-2024-04-24/
Centene's concerns over Medicare market dull Q1 profit beat: Centene said on Friday its Medicare insurance business would face several challenges next year ...
reuters.com/business/healthcare-pharmaceuticals/centene-raises-2024-profit-forecast-strength-commercial-plans-2024-04-26/
Toyota pilots EV pickup trucks in key Thai market: Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in ...
reuters.com/business/autos-transportation/toyota-pilots-ev-pickup-trucks-key-thai-market-2024-04-25/
Comcast tops revenue estimates on streaming growth, strong park attendance: Comcast beat quarterly revenue estimates on Thursday driven by higher-than-expected ...
reuters.com/business/media-telecom/comcast-tops-revenue-estimates-streaming-growth-strong-park-attendance-2024-04-25/
Beijing auto show: Themes and highlights: China's largest auto show opened in Beijing with the biggest names showing off their latest electric vehicles (EVs) ...
reut.rs/3Wbqi6f
These asparagus farmers are in the Rems-Murr district - Amazing things from Beinstein
zvw.de/rems-murr-kreis/diese-spargelbauern-gibts-im-rems-murr-kreis-erstaunliches-aus-beinstein_arid-806947
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Insight: Why BYD's EV exports sell for twice the China price: U.S. and European politicians have raised alarms that their domestic auto industries could be ...
reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/
AstraZeneca leaps after smashing first-quarter forecasts: AstraZeneca sailed past market expectations for quarterly revenue and profit on Thursday ...
reuters.com/business/healthcare-pharmaceuticals/astrazeneca-beats-first-quarter-revenue-profit-estimates-2024-04-25/
Chinese Bond Funds Are Limiting Inflows Amid Buying Frenzy: A growing number of fixed-income funds in China is setting limits on investor inflows ...
bloomberg.com/news/articles/2024-04-26/china-funds-step-up-efforts-to-cool-bond-buying-as-yields-slide
New ASML boss Fouquet must navigate US/China chip war: ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech ...
reuters.com/technology/new-asml-boss-fouquet-must-navigate-uschina-chip-war-2024-04-25/
U.S. sues to block merger of Coach and Michael Kors handbag makers: The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry's US$8 ...
ctvnews.ca/business/u-s-sues-to-block-merger-of-coach-and-michael-kors-handbag-makers-1.6857559
Quick Glance: Dispute Arises Over Fusion Between Tapestry Inc. and Capri Holdings
- Legal actions have been taken by the FTC to block the proposed merger between Tapestry Inc. and Capri Holdings Limited.
- Competition between the involved brands would be at risk with the merger, potentially granting Tapestry a dominant market share in the 'accessible luxury' handbag sector.
- To halt the deal, the FTC is seeking a temporary restraining order and a preliminary injunction, with Tapestry and Capri planning to contest the decision in court.
- Both companies stress that the merger has already been approved by regulators in the European Union and Japan, aiming to finalize the acquisition while battling the FTC lawsuit.
Vietnam delays launch of new stock trading system: Vietnam will delay the launch of the much-expected new stock trading system initially slated for next week ...
reuters.com/markets/asia/vietnam-delays-launch-new-stock-trading-system-2024-04-26/
Microsoft Smashes Earnings Expectations—Stock Up 5%: The world’s largest company continues to impress Wall Street.
forbes.com/sites/dereksaul/2024/04/25/microsoft-smashes-earnings-expectations-stock-up-5/
Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
How burglars made the coveted Birkin bag into criminal currency: A pipeline that starts with residential burglaries is transferring Birkins and other high-end ...
latimes.com/california/story/2024-04-25/how-the-birkin-bag-the-ultimate-fashion-trophy-became-criminal-currency
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
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South Korea prepares new monitoring system to detect illegal stock short selling: South Korea's financial market watchdog said on Thursday it had prepared a new ...
reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
Quick Glance: South Korea introduces monitoring system to curb illegal stock short selling
- South Korea's financial market watchdog has developed a new monitoring mechanism to detect illegal short-selling transactions in the stock market. Institutional investors will be electronically processed and filtered through a central detection system to prevent illegal trades.
- South Korea has made various reform efforts to address the 'Korea discount' in the stock market, where domestic companies have lower valuations compared to global peers due to factors like low dividend payouts and opaque governance structures.
- Last November, South Korea imposed a sudden ban on short selling of shares for the first half of the year after discovering illegal trades by foreign investment banks. Authorities stated that the ban would remain until adequate measures are in place to prevent such practices.
- The FSS aims to implement the new monitoring system swiftly after finalizing it, although no specific date was provided for the implementation.
Electrolux Q1 loss nearly triples on weak demand but beats expectations: Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor ...
reuters.com/business/retail-consumer/electrolux-q1-loss-nearly-triples-weak-demand-beats-expectations-2024-04-26/
EU launches investigation into Chinese medical device market: The European Commission launched a probe into China's public procurement of medical devices on ...
reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/
Hong Kong March home prices up 1.1%, first rise in nearly a year: Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1 ...
reuters.com/markets/asia/hong-kong-march-home-prices-up-11-first-rise-nearly-year-2024-04-26/
Quick Glance: Hong Kong Real Estate Market: Price Recovery in March
- In March, Hong Kong's real estate market saw a price recovery after the financial city lifted restrictions to boost the ailing market.
- Prices dropped by 1.8% in the first quarter, following a 20% decline from their 2021 peak due to higher mortgage rates and a weak market outlook.
- Nevertheless, prices are expected to remain subdued as property developers rushed to introduce new sales with discounts of up to 30%, attracting buying interest from the secondary market.
- A recent report by real estate agency Ricacorp revealed that 30% of transactions for second-hand homes were sold at a loss in the first quarter, with this trend likely continuing into the second quarter.
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates
- The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.
- GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.
- Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.
- Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.
Oil prices on track to snap two-week losing streak: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U ...
reuters.com/markets/commodities/oil-prices-rise-us-official-eases-market-concerns-over-economic-headwinds-2024-04-26/
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