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People passing the Louis Vuitton store on Bond Street which has seen a recent drop in demand for luxury goods and with some stores deciding to move out on 4th February 2024 in London, United Kingdom. Bond Street is one of the principal streets in the West End shopping district and is very upmarket and has been a fashionable shopping street since the 18th century. The rich and wealthy shop here mostly for high end fashion and jewellery. (photo by Mike Kemp/In Pictures via Getty Images)
Finance
Trouble lies ahead for European luxury brands and car makers as China’s slowdown hurts profits, share prices, valuations and jobs
By Kit Rees, Verena Sepp and BloombergJuly 25, 2024
Chicken feet, a key Chinese dim sum menu item, is at risk because Brazil has stopped exporting chickens to China
Finance
Chicken feet, a key Chinese dim sum menu item, is at risk because Brazil has stopped exporting chickens to China
By Hallie Gu and BloombergJuly 24, 2024
people taking the escalator in front of a Dior store in a mall
Retail
LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases
By Prarthana PrakashJuly 24, 2024
Warren Buffett’s Berkshire Hathaway cuts its stake in EV giant BYD to under 5%, dropping below Hong Kong’s disclosure threshold
Finance
Warren Buffett’s Berkshire Hathaway cuts its stake in EV giant BYD to under 5%, dropping below Hong Kong’s disclosure threshold
By Lionel LimJuly 23, 2024
Nvidia is reportedly making another China-focused AI chip as U.S. export controls hit its business in the world’s second largest economy
Tech
Nvidia is reportedly making another China-focused AI chip as U.S. export controls hit its business in the world’s second largest economy
By Lionel LimJuly 22, 2024
Bill Ackman, chief executive officer of Pershing Square Capital
Politics
Bill Ackman warns political chaos around Biden’s withdrawal is an invitation for rivals to exploit U.S. weakness
By Eleanor PringleJuly 22, 2024
Vice President Kamala Harris trends on Chinese social media as users think the U.S. election chaos helps Donald Trump
Tech
Vice President Kamala Harris trends on Chinese social media as users think the U.S. election chaos helps Donald Trump
By BloombergJuly 22, 2024
people gathered around table
AI
The U.S. reigns supreme in AI startups while China ensures chatbots have ‘core socialist values’
By Jason MaJuly 21, 2024
Chinese President Xi Jinping
Finance
Xi Jinping unveils sweeping plans to fix China’s $9 trillion hidden debt crisis
By BloombergJuly 21, 2024
A new round of Trump tariffs on China would drastically slow its economy
Politics
A new round of Trump tariffs on China would drastically slow its economy
By Jason MaJuly 20, 2024
Trump advisor Steve Bannon (L) watches as US President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017
Politics
Trump ‘betrayed’ Elon Musk with ‘EV-bashing’ RNC speech even after his $180 million pledge, GOP strategist says
By Eva RoytburgJuly 19, 2024
Trump invites Chinese automakers to build cars in the U.S.—and says ones they build in Mexico will be hit with tariffs up to 200%
Finance
Trump invites Chinese automakers to build cars in the U.S.—and says ones they build in Mexico will be hit with tariffs up to 200%
By BloombergJuly 19, 2024
Chinese investors dump a record $42.6 billion in U.S. stocks and bonds as the 2024 presidential election nears
Finance
Chinese investors dump a record $42.6 billion in U.S. stocks and bonds as the 2024 presidential election nears
By Masaki Kondo, Winnie Hsu and BloombergJuly 19, 2024
Beijing promises to support ‘high-quality development’—and signals a tolerance of slower growth
Finance
Beijing promises to support ‘high-quality development’—and signals a tolerance of slower growth
By BloombergJuly 19, 2024
Lisa Monaco
Tech
Russian duo confess to cyber heist that forced $500 million in ransom payments
By David Voreacos and BloombergJuly 18, 2024
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