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Hong Kong Exits 'Golden Era' in Retail as Mainland Tourists Cut Back on Luxury Spending

Hong Kong Exits 'Golden Era' in Retail as Mainland Tourists Cut Back on Luxury Spending

Hong Kong's retail sector has seen a 7.3% decline in 2024, mainly due to reduced spending by mainland Chinese tourists despite a surge in visitor arrivals.


What's Open, Closed on Labor Day 2024: Banks, Government Offices, Retail and Grocery Stores, Restaurants and More

This Labor Day 2024, banks and government offices will be closed but most major retailers and restaurants will remain open with varying hours, and other sectors will open for a limited time.

Nbcuniversal’s Olympics Strategy Draws 30 Million Viewers and $1.2 Billion in Ad Revenue

NBCUniversal's overhaul of its Olympics coverage led to a record $1.2 billion ad revenue and more than 30 million viewers for the 2024 Paris Games, thanks to a revamped strategy focused on Peacock.

Weight Loss Drugs Users 33% Less Likely to Die From Covid-19, Study Reveals

A new study reveals that semaglutide, a key ingredient in Ozempic and Wegovy, reduces the risk of dying from Covid-19 by 33%, [otentially boosting its market value.


Latest News

Disney CEO Bob Iger Speaks At The New York Economic Club
Bob Iger is intensely focused on finding his successor before his contract ends in December 2026, with former Morgan Stanley CEO James Gorman leading the search committee amid ongoing challenges for Disney.
X to be Banned in Brazil After Missing Deadline for New Legal Representative
Elon Musk's X is likely to be blocked in Brazil after missing a deadline to appoint a new legal representative, escalating a dispute with local authorities over compliance with regulations.
Spain Offers to Pay Tech Workers $17,000 If They Relocate to Rural Extremadura Region
Spain will pay digital nomads and remote tech workers up to $17,000 to move to its rural Extremadura region as part of a $2 million effort to combat depopulation.
US Economic Growth Paces Stronger Than Expected, Thanks to HIgh Consumer Spending
The US economy grew at a 3.0% annualized rate in Q2 2024, driven by strong consumer spending and a rebound in corporate profits, reflecting continued economic growth.
US Miners Rush to Secure Loans Over Fears of Trump's Potential Return and Block Funding
US miners and battery recyclers are rushing to secure government loans before January due to concerns that a re-elected Donald Trump could block crucial funding for domestic mineral production.
US Plans to Buy Up to 4.5 Million Barrels of Oil for Strategic Petroleum Reserve
US crude oil prices rose to $74.92 per barrel on Thursday, driven by supply disruptions in Libya and weak demand from China.
Kilows: Crushing Barriers to Widespread Electric Vehicle Adoption with Transformative Charging Infrastructure Solution
Kilows integrates patented components into an energy storage system that transforms the way charging stations are deployed. Unlike conventional deployment methods that rely on large-scale grid connections, which are impractical, expensive, and unavailable where they are needed most, Kilows technology enables rapid modular deployment and high-power charging where power is minimally available.
Ryanair CEO Proposes Two-Drink Limit to to Prevent In-Flight Aggressive Behaviors
Ryanair CEO Michael O'Leary proposes a two-drink limit for passengers at airports to combat increasing in-flight disorder and violent incidents.
RUSSIA-INTERNET-TELEGRAM
Following CEO Pavel Durov's detention in France over accusations of inadequate moderation, reports from BBC showed that Telegram has refused to join key child protection programs.
A screenshot of the brave internet browser with the linux build by Manjaro.
Brave has laid off 27 employees, reducing its workforce by 14%, amid ongoing concerns about the financial impact of its recent AI ventures.
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