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French luxury giant LVMH has expressed full confidence in the Chinese market despite sluggish consumption in the world’s second-largest economy, promising continued investment in what it calls “the beating heart of global luxury”. “The future of luxury is being shaped here, in China, with China and with our Chinese clients,” said Marc-Antoine Jamet, LVMH’s secretary…
Protests erupted in Bishkek, the capital of Kyrgyzstan, in October 2020 following disputed parliamentary elections. Only four political parties out of 16 had passed the threshold for entry into parliament. Three of these had close ties to the country’s then-president, Sooronbay Jeenbekov. Kyrgyzstan’s powerful neighbor, China, responded to the unrest with restraint – but in…
India launched a revision of its voter rolls on Tuesday, expanding a contentious exercise that activists warn could fuel disenfranchisement in the world’s largest democracy. The three-month voter registration overhaul – known as the Special Intensive Revision (SIR) – kicked off in 12 states and territories, many of which are slated to hold local elections…
Every few years since 1953, the Chinese government has unveiled a new master strategy for its economy: the all-important five-year plan. For the most part, these blueprints have been geared at spurring growth and unity as the nation transformed from a rural, agrarian economy to an urbanized, developed powerhouse. The task that faced China’s leaders…
A remark by US Vice-President J.D. Vance expressing hope that his Hindu wife might convert to Christianity has drawn sharp criticism in India, where commentators see it as a troubling signal of his expected bid for the Republican Party’s 2028 presidential nomination. Speaking at the University of Mississippi last week, Vance said his children were…
Global markets are undergoing a long-anticipated valuation reset. The latest sell-off, triggered on Wall Street and spreading through Asia and Europe today, shows that investors are beginning to question whether the optimism buoying AI and tech shares generally can be justified by profit rather than promise. For more than a year, investors have treated AI…
Nigeria reeled on Monday from US President Donald Trump’s claim over the weekend that Christians were being systematically killed in the West African country, with blanket coverage across local media. “They’re killing the Christians and killing them in very large numbers,” Trump said in comments while travelling on Air Force One on Saturday. “We’re not…
A popular Japanese sushi chain in Hong Kong has denied involvement in alleged food smuggling after a television show investigation showed parallel traders transporting raw fish and chilled goods from mainland China using the restaurant’s foam boxes, sparking food safety fears. Food and Life Companies, the parent firm of Sushiro HK, also threatened legal action…
An artificial intelligence model developed by Alibaba Group Holding has emerged as the top performer in a high-profile “real money, real market” experiment that pitted six leading US and Chinese systems against one another in cryptocurrency trading. In the first round of testing on US research firm Nof1’s Alpha Arena, which concluded on Tuesday, Alibaba…
China is buying American soybeans again, much to bean growers’ relief. Treasury Secretary Scott Bessent said China has agreed to buy 918 million bushels in each of the next three years. President Donald Trump crowed, “Our farmers will be very happy!” With concessions from China on rare earths and fentanyl in addition to soybeans, Trump…
