Global luxury sales set to outpace pre-COVID levels this year, Bain says
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.
Lessons learned from the massive shift to online learning due to COVID-19
The surge in online learning in the People’s Republic of China during the coronavirus outbreak highlights the importance of infrastructure
Analysis: Valuing Argentina’s peso: It could cost the Peronists an election
Argentina’s embattled currency could cost the ruling Peronist party an election – and its key majority in the Senate.
Marketmind: Melt up?
As confidence grows that the world’s biggest central banks are in no hurry for raising interest rates despite progress on the jobs and post-COVID reopening fronts, stock markets have powered to new record highs. A stronger S&P 500 close on Tuesday would see it notching its longest winning streak since 2004.
Japan panel urges govt to launch $88 bln university fund
Japanese premier Fumio Kishida’s new advisory panel called for an $88 billion university fund on Monday and another one aimed at backing research and development on digital and green innovation as pillars of the country’s new growth strategy.
Global COVID-19 cases hit 250 million, eastern Europe infections at record levels
Global COVID-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.
StanChart flags flat annual income despite strong Q3 profit; shares drop
Standard Chartered (STAN.L) forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday.
Factbox: Asia-Pacific countries begin to open selectively for international travel
Asia-Pacific countries, which have had some of the world’s strictest border controls and quarantine rules during the pandemic, are starting to open selectively to fully vaccinated international travellers as well as their unvaccinated children.
Taiwan to woo backers at APEC for bid to join Pacific trade pact
Taiwan will seek support for its bid to join a trans-Pacific trade pact when it attends a meeting of economic leaders of the Asia-Pacific group APEC next week, President Tsai Ing-wen said on Tuesday.
World leaders seek ways to strengthen global supply chains
U.S. President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as climate change and even planned attacks.
