China’s Golden Week Holiday Spending Falls in Latest Red Flag for Economy China’s Golden Week holiday, a time traditionally marked by high spending and robust economic activity, has shown a worrying trend this year. Recent data reveals that average spending during this year’s Golden Week dipped to a three-year low, painting a concerning picture of […]
Trump’s Nobel Peace Prize hopes dim as focus turns to grassroots peacebuilders
Trump’s Nobel Peace Prize Hopes Dim as Focus Turns to Grassroots Peacebuilders As the Nobel Peace Prize approaches its annual announcement, U.S. President Donald Trump has made headlines for his diplomatic efforts, particularly in brokering peace deals in the Middle East. However, despite his high-profile negotiations, Trump’s chances of winning the prestigious award seem to […]
Fortune watch: Top 10 richest people on earth as Musk hits $500B, wealth totals $2.3T
Fortune Watch: Top 10 Richest People on Earth as Musk Hits $500B, Wealth Totals $2.3T September was a windfall month for the world’s wealthiest. Driven by surging tech stocks and unprecedented market momentum, the combined net worth of the top 10 richest individuals on the planet skyrocketed to a staggering $2.3 trillion. Leading this elite […]
US Consumer Spending Increases Solidly in August
US Consumer Spending Continues to Strengthen in August As the backbone of the American economy, consumer spending has once again shown its resilience and vitality in the month of August. Accounting for more than two-thirds of economic activity, consumer spending saw a solid increase of 0.6 percent, indicating a positive trend in the financial behavior […]
Valentino in Talks With Banks as Luxury Drop Prompts Debt Breach
Valentino in Talks With Banks as Luxury Drop Prompts Debt Breach The luxury fashion industry has been facing unprecedented challenges in the wake of the global pandemic, with even the most prestigious brands feeling the strain. One such brand is the iconic Italian fashion house Valentino, which has found itself in a precarious position as […]
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul South Korea’s art scene has long been known for its vibrancy and innovation, attracting artists and collectors from around the world. However, recent data suggests that the country’s art market is currently facing some challenges, casting a shadow over events like Frieze Seoul. Frieze […]
Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last
Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last Swiss watchmakers have recently found a glimmer of hope amid the looming threat of a new 39 percent U.S. tariff on luxury timepieces. Despite the potential setback, a surge in exports in July has provided a much-needed shield for Swiss watch brands, softening the […]
Ancient DNA solves 1,500-year-old mystery that caused ‘world’s first pandemic’
Ancient DNA Solves 1,500-Year-Old Mystery Behind ‘World’s First Pandemic’ Researchers have finally solved the mysterious culprit behind the “world’s first recorded pandemic” — the Justinianic Plague. This ancient pandemic, which struck between 541 and 750 AD, is estimated to have wiped out up to 50 million people across Europe, Asia, and Africa. For centuries, the […]
MIT’s 1972 global collapse warning revisited: Humanity enters make-or-break decade
MIT’s 1972 Global Collapse Warning Revisited: Humanity Enters Make-or-Break Decade In 1972, the Club of Rome published “Limits to Growth,” a groundbreaking systems analysis that shed light on the interconnectedness of global issues such as population growth, resource depletion, and environmental degradation. The report warned of a potential global collapse if humanity continued on its […]
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Walmart Slumps on Rare Profit Miss, Citing Higher Claims Walmart, the renowned retail giant, recently experienced a rare profit miss, triggering a slump in its stock value. The company cited higher claims as the primary factor contributing to this unexpected financial outcome. While a profit miss is often a cause for concern among investors and […]