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Legoland Shanghai: China bets on Western theme parks to lift spending
Posted onOsmond Chia Business reporter, BBC News Getty Images Tourists flocked to China’s first Legoland theme park as it opened in Shanghai earlier this month, marking another step in the country’s efforts to establish itself as a global travel destination. It is the latest amusement park to be launched in China by a Western brand. Warner…
How South Korea’s K-beauty industry is being hit by Trump tariffs
Posted onOsmond Chia Business reporter, BBC News Getty Images Cars and smartphones may rank among South Korea’s biggest exports to the US, but few goods inspire a more devoted following than the Asian country’s beauty products. K-beauty – a term that covers a wide range of skincare, makeup and cosmetics from South Korea – is lauded…
Removed Ben & Jerrys chair says Magnum aimed to smear her
Posted onThe ousted chair of Ben & Jerry’s has accused the company which owns the brand of threatening to launch a public smear campaign against her. Anuradha Mittal, who chaired Ben & Jerry’s independent board for seven years, told the BBC that Magnum had threatened to publish “defamatory statements” about her if she did not step…
River Island allowed to shut shops to stave off collapse
Posted onRachel Clun Business reporter, BBC News Getty Images River Island has been given the green light to close 33 stores across the UK after the High Court approved the fashion retailer’s restructuring plans. The High Street brand said a customer shift towards online shopping and higher operating costs had contributed to multi-million pound losses. It…
Help to Save scheme to be offered to more people
Posted onKevin PeacheyCost of living correspondent Getty Images More people on low incomes will be encouraged to save through a scheme that offers a large government bonus, the Treasury has announced. About three million people on universal credit are currently eligible for the scheme, which sees the government add 50p for every pound saved after two…
South Korean workers detained in US raid arrive home
Posted onMore than 300 South Koreans who were detained in a massive immigration raid at a Hyundai plant in the US state of Georgia have arrived back home. Their return comes as the country’s president and Hyundai’s chief executive have warned about the impact of the raid. A chartered Korean Air jet carrying the workers and…
