(Reuters) - The global recession manifests itself in big and small ways, most gloomy, some quirky and often reflecting the inventive human spirit. Here is a look at some signs of the times.
The holiday season has officially started, with Christmas or New Year's vacation just around the corner. For most people these events will include some sort of travel, which means pulling down the luggage and digging out the carry-on bags.
The world's leading luxury hotels are rushing to expand in Shanghai ahead of next year's World Expo, with hopes high for the upscale travel sector in the Chinese financial hub despite the global downturn. The opulent Peninsula, the only new building on the main part of Shanghai's historic Bund in...
HONG KONG, Oct 21 - The Hong Kong Monetary Authority declined comment on Wednesday on a report that it was considering raising the downpayment required to buy luxury property amid fears of a property bubble,...
HONG KONG, Oct 19 - The global market for luxury goods will shrink by 8 percent this year, according to Bain & Co, and grow just 1 percent next year, but the impact of the...
* Luxury goods makers belatedly embrace the Web * Launch costs covered by advertising already sold * Site may charge readers in future LONDON, Oct 1 - The Financial Times will launch an online version...
Germany's top three luxury car makers saw sales growth in the Chinese market in contrast to shrinkage in other markets, Dow Jones Newswires reported on Tuesday. Sales of Volkswagen AG's Audi brand, BMW AG's flagship brand, and Daimler AG's Mercedes-Benz brand all grew more than 35% in China last month,...
The luxury consumption in China is expected to reach US$5 billion this year, according to a recent report released by Goldman Sachs, sources reported.China's luxury consumption took a 25% share in global markets, replacing the U.S. to be the second largest market for luxury goods.Although the global financial...
According to a recent report released by Goldman Sachs, the sales revenue of China's luxury market is expected to break $5 billion this year, enjoying the largest growth pace compared to other parts of the world. This number is far more than the $3 billion in 2008 despite the slump of global luxu...
* Indonesia passes revised tax law on VAT and luxury goods * May boost mergers and spur local Islamic markets * Removes VAT on some basic commodities (Adds quotes, details) JAKARTA, Sept 16 - Indonesia's...