Global luxury sales set to hit record this year, study says
MILAN (AP) — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger,…
AP
Indonesia signs deals to accelerate clean energy transition
NUSA DUA, Indonesia (AP) — Indonesia signed deals with international lenders and major nations on Tuesday that will bring billions…
Asian shares fall on jitters over missile landing in Poland
TOKYO (AP) — Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a…
China consumer, factory activity down as virus controls rise
BEIJING (AP) — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in…
Japan’s economy shrinks as consumers hold back on spending
TOKYO (AP) — The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined…
Buffett’s firm cuts stakes U.S. Bank, BYD; adds chip maker
OMAHA, Neb. (AP) — Warren Buffett’s company slashed its stake in U.S. Bank’s parent company and also sold shares in…
Fed’s top financial regulator urges ‘guardrails’ for crypto
WASHINGTON (AP) — The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would…
Frontier, 5 other airlines to refund more than $600 million
Frontier Airlines and five foreign carriers have agreed to refund more than $600 million combined to travelers whose trips were…
Another union rejects deal with nation’s freight railroads
OMAHA, Neb. (AP) — A third railroad union has rejected its agreement with the nation’s freight railroads, increasing the chances…
MacKenzie Scott acknowledges another $2B in donations
NEW YORK (AP) — Megadonor and novelist MacKenzie Scott announced almost $2 billion in donations to 343 organizations in a…