Business
Bulgari CEO eyes India for growth as China luxury demand weakens
LVMH-owned jeweller Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown.…
Tag
Demand
Business
China’s EV boom threatens to push petrol demand off a cliff
From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with charging posts in…
Business
CrowdStrike raises annual forecast on steady cybersecurity demand
CYBERSECURITY firm CrowdStrike raised its annual revenue and profit forecasts and beat third-quarter revenue on Tuesday (Nov 26), betting…
Business
China Oct industrial profits narrow decline but demand remains weak
By Qiaoyi Li, Joe Cash and Liangping Gao BEIJING (Reuters) -China's October industrial profits narrowed their earlier declines, helped by…
News
Prosecutors demand 20-year jail sentence for husband in mass rape trial
French prosecutors have demanded a 20-year jail sentence for Dominique Pelicot, who is accused of drugging his former wife Gisèle for a…
Lifestyle
Used cooking oil the new black gold as it rides biofuel demand, limited supply
Europe is the largest consumer of the feedstock globally, but regulatory uncertainty in US, Europe still a hurdle GLOBAL demand for used…
Business
Thousands demand lower rents at Barcelona demo
Thousands of protesters marched through Barcelona on Saturday demanding lower rents in Spain's second city. Barcelona, which has already…
Business
Swiss watch exports fall again amid plummeting demand in China
SWISS watch exports fell for a second straight month in October as a sharp drop in shipments to China offset growth in the US. Exports of…
Fashion
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in…
Business
Burger King parent Restaurant Brands misses sales estimates on muted demand
RESTAURANT Brands missed estimates for quarterly revenue on Tuesday (Nov 5) due to weak demand across key businesses such as Tim Hortons,…
Business
Marriott trims 2024 profit forecast on sluggish China domestic travel demand
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and…
Business
Philips cuts annual sales outlook on weak demand from China
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s…
Business
India’s Adani Wilmar posts profit in Q2 on higher demand for edible oils
INDIA’S Adani Wilmar reported a profit for the second quarter on Thursday (Oct 24), buoyed by higher demand for its edible oils and food…
Business
3M raises profit forecast after quarterly beat on electronics demand
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its…
Business
Moody’s raises full-year profit forecast above estimates on strong product demand
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in…
Business
Weak China demand puts brakes on Holiday Inn owner IHG in third quarter
HOLIDAY Inn owner InterContinental Hotels Group (IHG) reported a sharp slowdown in room revenue growth in the third quarter as weak demand…
Business
IEA says oil demand growth weakness to continue on China and EVs
GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to…
Business
Singapore’s role as commodities hub increasingly crucial amid rising trade tensions, demand for compliance: market watchers
A dense network of global traders allows businesses to source from alternative markets directly from the Republic when needed AS…
Business
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and…
Business
P&G misses quarterly sales estimates on weakening demand in US, China
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and…
Business
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the…
Business
LVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first…
Unsorted
IEA cuts 2024 oil demand growth view, sees surplus looming
THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness…
Business
LVMH investors jittery over anaemic China demand for European designer goods
INVESTORS in French luxury group LVMH are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and…