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European Luxury Brands Suffer Massive Market Value Loss European luxury companies have experienced a staggering market value decline of $240 billion in recent months, and the downturn may not be over. This dramatic drop is primarily driven by the worsening economic situation in China, a crucial market for high-end goods.

Yellen’s Optimistic Outlook Amidst Job Data Concerns Treasury Secretary Janet Yellen offered reassurance regarding the strength of the U.S. economy on Saturday, stating that the country is experiencing a “soft landing” despite recent weak job reports. Speaking at the Texas Tribune Festival in Austin, Yellen emphasized that the

China’s CPI Growth Below Expectations China’s consumer price index (CPI) rose by just 0.6% year-on-year in August, falling short of the 0.7% increase anticipated by economists in a Reuters poll. This modest rise reflects a broader trend of subdued inflation, influenced by declining costs in transportation,

China’s Property Market Remains Challenging China’s property market has yet to find its bottom, according to Bill Winters, CEO of Standard Chartered. In an interview with CNBC’s JP Ong, Winters highlighted the ongoing difficulties within China’s real estate sector, which continues to exert pressure on both

Introduction The Detroit Lions kicked off their season with a nail-biting 26-20 overtime win against the Los Angeles Rams on Sunday. The game was a rollercoaster, culminating in a thrilling finish that saw Detroit’s Jameson Williams and David Montgomery play pivotal roles. Here’s a recap of the exciting

Guotai Junan Securities and Haitong Securities, two major state-backed Chinese brokerages, have announced a merger that will reshape the $1.7 trillion brokerage industry. The deal, which involves a share swap, will create a leading firm with assets totaling 1.6 trillion yuan ($226 billion), surpassing Citic Securities to become

Domino’s Pizza Enterprises is under legal scrutiny after being served a shareholder class action alleging misleading or deceptive conduct related to its performance in Japan. The action, filed by Australian legal consultancy Echo Law, targets shareholders who invested in the company between August 18, 2021, and November 3, 2021.