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Consumer spending

Opinion: Hong Kong’s once-vibrant retail sector faces perilous times

by Anas Siddiqui
Opinion: Hong Kong’s once-vibrant retail sector faces perilous times

Hong Kong might still stand among the most attractive and expensive shopping hubs in the world – a surprising tribute to the city’s retail resilience in spite of the dark …

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Indian travelers are spending big but only 1% are going overseas

by Franz Hernandez
Indian travelers are spending big but only 1% are going overseas

The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. It is located …

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Recession Warnings Remain Despite A Recent Spate Of Good Economic News

by Anas Siddiqui
Recession Warnings Remain Despite A Recent Spate Of Good Economic News

Wall Street trader assessing the latest economic news. (Photo by Johannes EISELE / AFP) … [+] (Photo credit should read JOHANNES EISELE/AFP via Getty Images) AFP via Getty Images Recent …

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U.S. central bank holds rate steady, but leaves door open to more hikes

by Anas Siddiqui
U.S. central bank holds rate steady, but leaves door open to more hikes

The U.S. Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should …

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Opinion: John Lee’s 2023 policy address shows Hong Kong is waking up to new realities

by Ron Morgan
Opinion: John Lee’s 2023 policy address shows Hong Kong is waking up to new realities

On October 25, Chief Executive John Lee Ka-chiu delivered his second policy address with continuing emphasis on the economy and a wide gamut of measures to improve livelihood, from land …

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smartphone sales: Consumer spending on cars, smartphones, TVs and other big-ticket items light up festive sales in first leg

by Horatio Thompson
smartphone sales: Consumer spending on cars, smartphones, TVs and other big-ticket items light up festive sales in first leg

Kolkata | Mumbai: Discretionary spending by consumers on big-ticket items such as cars, smartphones, televisions, two-wheelers and household appliances is off to a flying start this festive season. Several brands …

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Nike, American Eagle, Lululemon among favorite brands for teens

by Anas Siddiqui
Nike, American Eagle, Lululemon among favorite brands for teens

A customer shops at the Nike store in Miami Beach, Florida, on Dec. 21, 2021. Joe Raedle | Getty Images Teens are a notoriously fickle bunch — but the group …

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Why Brits don’t tip

by Walter Watson
Why Brits don’t tip

Andresr | E+ | Getty Images U.S. tipping culture is a hot and divisive topic for many right now. While Americans are questioning if there are any places left they …

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ASEAN moves closer to economic unity with new regional payments system

by Walter Watson
ASEAN moves closer to economic unity with new regional payments system

Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency …

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How lower gas prices can help travelers save this summer

by Franz Hernandez
How lower gas prices can help travelers save this summer

swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. …

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