Category : Search result: global luxury market


Luxury sales fall as shoppers reject price hikes

Global personal luxury goods sales are forecast to drop 2% in 2025, marking the first two-year decline since the financial crisis. Discover why affluent shoppers are turning away from premium brands.

WHO job cuts after US withdraws funding

The World Health Organisation announces significant staff reductions and programme cuts following US funding withdrawal. Learn how this impacts global health security.

Markets in fourth day of losses amid AI, rate fears

Global markets extend losses for a fourth day. Asia-Pacific stocks hit one-month low, US and European markets fall. Investors fret over AI monetisation and US interest rates. Read the full analysis.

UK Cuts Global Health Fund Aid by 40%

Britain's decision to cut £120m from Global Fund to Fight AIDS, Tuberculosis and Malaria sparks outrage among health experts and charities. Critics warn this undermines UK's global health leadership.

Trump's Return Rattles Amazon Shares and Asian Markets

Former President Donald Trump's potential political comeback sends shockwaves through global markets, with Amazon shares and Asian markets showing early signs of volatility as investors weigh the implications for US-China relations.

Trump-Xi Trade Deal Fuels Oil Surge & Market Rally

Global markets surge as Trump and Xi announce landmark trade agreement, sending oil prices skyrocketing while Shell posts staggering £7.4 billion quarterly profit amid energy sector boom.

Ferrari cuts UK cars as wealthy flee tax raids

Luxury car manufacturer Ferrari dramatically reduces British allocations as high-net-worth buyers relocate abroad following Labour's proposed tax increases on luxury goods and non-doms.

US Dollar Faces Worst Week Since August on Trade Fears

The US dollar faces its steepest weekly decline since August as escalating trade tensions and Federal Reserve uncertainty rattle global markets. Discover how this impacts stocks, bonds, and international trade.

3-Year World Cruise: Longest Voyage Ever Announced

Magine Cruises launches the ultimate maritime adventure - a 1,301-day global odyssey visiting 375 ports across 135 countries. The longest continuous cruise in history promises unparalleled luxury and discovery.

Expert Warns of Potential Stock Market Crash

Prominent financial journalist Andrew Ross Sorkin warns of potential market turbulence ahead, drawing parallels to historical economic downturns and urging investor caution.

Trump threatens 60% China tariffs in election pledge

Former President Donald Trump proposes sweeping 60% tariffs on Chinese imports, sparking concerns about renewed trade tensions and potential market volatility ahead of potential 2024 election return.

Ferrari Loses £4.5bn Amid 'Woke' Car Backlash

Ferrari faces investor backlash as its stock plunges 8% following CEO Benedetto Vigna's announcement of a new 'woke' electric vehicle, raising concerns about the brand's future direction and profitability.

Billionaires' Row exodus: £20M mansion sits unsold

An extraordinary London mansion resembling a 1980s cruise ship complete with nightclub sits unsold at £20M, signalling the dramatic decline of Britain's most exclusive address as billionaires abandon the capital.

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