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3 mins read

All eyes on China: Rush of foreign investors can do little to stave off a slowdown, says World Bank

​​China's last public holiday of the year, the Golden Week, which ended on October 7 and commemorat…

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2 mins read

The China threat and the EV slowdown— 2 takeaways from a busy few weeks in auto news

EV leaders are facing roadblocks heading into the final quarter of 2024.

Nora Naughton   


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1 min read

China's EVs are fueling a big oil demand slowdown

China's oil demand growth is down this year, mostly due to the country's massive shift to EVs and …

Kelly Cloonan   


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China's Communist Party begins key meet to stem economic slowdown, following 4.7% dip in GDP

China's GDP dipped to 4.7 per cent in the second quarter, the government said on Monday, as the rul…

PTI   


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Miu Miu is hot right now — and Prada's chic sibling is helping it buck the luxury slowdown

Prada reported surging sales during the most recent quarter at Miu Miu, its Gen Z-favored brand.

Maria Noyen   


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1 min read

The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025

The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but…

Theron Mohamed   


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2 mins read

Asian markets decline amid economic slowdown fears, experts say limited impact on India

Asian stock markets on Monday plummeted early as selling pressure mounted after lower-than-expected…

ANI   


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1 min read

Toyota and BMW are the latest casualties in China's evolving EV market

Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face gro…

Tom Carter   


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4 mins read

Why Ralph Lauren, the all-American luxury brand, is a hit in China

As luxury brands struggle to resonate with Chinese consumers, Ralph Lauren is thriving by leaning i…

Maria Noyen   


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4 mins read

Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race

Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while ri…

Tom Carter   


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2 mins read

Global manufacturing production rapidly moving toward emerging markets like India, says IMF

The International Monetary Fund (IMF), in its latest World Economic Outlook report, has highlighted…

ANI   


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1 min read

Luxury stocks are on the slide again as China's stimulus plans disappoint

Luxury sector stocks are suffering as European markets react to China's economic uncertainty and la…

Nora Redmond   


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3 mins read

China retains 5% growth target for 2024 as economy struggles to shake off slowdown

Grappling with economic slowdown and dwindling business sentiment, China has fixed a modest officia…

PTI   


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China's stock markets are partying like it's 2008, overwhelming systems

The euphoria was thanks to Beijing's big-bang stimulus announcement, that showed urgency and concer…

Huileng Tan   


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2 mins read

Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus

LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese …

Kelly Cloonan   


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2 mins read

China's attempts to save its flailing housing market haven't boosted confidence among top Wall Street analysts

Analysts say the new measure to prop up its struggling property market aren't enough to solve bigge…

Kelly Cloonan   


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2 mins read

China's luxury market has been in a slump, and we're about to find out how bad it really is

Bellwether LVMH reports third-quarter revenue on Tuesday, which could indicate how the rest of the …

Lian Kit Wee   


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2 mins read

'Time is running out' for China to hit its growth targets, economist says

With no clear sign of a stronger growth stimulus, China likely won't reach its 5% annual growth tar…

Kelly Cloonan   


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3 mins read

Wider Middle East conflict threatens the global economy — when the US and China already face headwinds, experts say

The escalating unrest in the Middle East is a global threat, on top of a US hurricane and a raft of…

Theron Mohamed   


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Luxury brands are slashing prices in China

Luxury brands like Burberry and Balenciaga have been offering big discounts in China to try to reel…

Alexandra Bacon