The tourism revenues in China during the recent eight-day Lunar New Year holidays saw a substantial increase of 47.3% year-on-year, surpassing the pre-COVID 2019 levels. This surge was primarily driven by a boom in domestic travel, providing a temporary relief to policymakers in the midst of deflationary risks. During the holiday period, domestic tourism spending
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Ukrainian President Volodymyr Zelenskyy made a bold statement at the Munich Security Conference, expressing his willingness to take U.S. presidential candidate Donald Trump to the front lines of Ukraine. Zelenskyy’s offer to accompany Trump to witness the impact of Russia’s invasion of Ukraine demonstrates a strong stance on the ongoing conflict. Despite Zelenskyy extending the
Japan’s central bank, known as the Bank of Japan (BOJ), has been facing significant challenges in recent years. With sluggish growth and a depreciating yen, the BOJ is expected to exit its negative interest rate regime this spring. However, this move may not be enough to alleviate the depreciation pressure on the yen. In this
Japan’s economy was hit hard as it unexpectedly contracted once again in the October-December period, pushing the country into a technical recession. The provisional government data revealed that high inflation has crimped domestic demand and private consumption, posing a significant challenge for Bank of Japan Governor Kazuo Ueda in normalizing interest rates and for Japanese
Inflation concerns continue to rattle global markets as the Asia-Pacific region witnessed a downturn following Wall Street’s losses. The U.S. January inflation exceeded expectations, with the consumer price index (CPI) climbing 3.1% on a 12-month basis and 0.3% for the month. This article explores the repercussions of higher inflation on Asia-Pacific markets, highlighting the decline
The stock market has experienced significant gains in recent months, prompting investors to debate whether these gains can be sustained until the end of the year. According to Ludovic Subran, the chief economist at Allianz, if central banks implement interest rate cuts later than expected, the current stock gains will prevail. In this article, we
The stock market began the week on a positive note, following last week’s strong performance. Both the S&P 500 and Dow Jones Industrial Average reached new all-time highs, signaling optimism among investors. The broad market index was up 0.3%, while the Dow gained 195 points, or 0.5%. The Nasdaq Composite also saw a 0.3% increase.
The Abu Mustafa family finds themselves in a desperate situation. Their tent is situated alongside a daunting concrete and metal fence that separates Gaza from Egypt in Rafah. Although Rafah has been the last relatively safe place in an enclave decimated by Israel’s brutal military offensive, it may soon face its own destruction. As more
As the highly-anticipated February 14 election approaches in Indonesia, the country’s presidential candidates are vying for the attention and support of voters on social media platforms. With 56.5% of the electorate consisting of millennials and Gen Z, the use of social media for political campaigning has skyrocketed. Among the various platforms, TikTok, with its 125
The international beauty giant, L’Oreal, experienced a significant drop in shares recently, prompting concerns about the overall health of the luxury beauty industry. The company’s reported lower-than-expected sales and a slowdown in demand in Asia have raised questions about the factors affecting consumer spending and the sustainability of the sector as a whole. L’Oreal’s fourth-quarter