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More than 1 in 5 cars sold on Earth this year will be electric: 17 million electric vehicles will be sold in 2024, according to the International Energy Agency
qz.com/ev-electric-car-global-sales-growth-iea-report-1851434801
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
- Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).
- The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.
- The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
US food regulator gathering information on Indian spices after alleged contamination
reuters.com/world/india/us-food-regulator-gathering-information-indian-spices-after-alleged-2024-04-27/
Hong Kong Bankers Face More Job Cuts on China Slowdown, High Pay: Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists ...
bloomberg.com/news/articles/2024-04-22/hong-kong-bankers-face-more-job-cuts-on-china-slowdown-high-pay
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Hong Kong's Tor Investment Raises $310 Million for Asia Private Credit Fund: Hong Kong-based alternative credit manager Tor Investment Management has raised ...
bloomberg.com/news/articles/2024-04-26/tor-investment-raises-310-million-for-asia-private-credit-fund
A ban on single-use plastics takes effect in Hong Kong in a bid to reduce pollution
apnews.com/article/hong-kong-plastics-ban-pollution-c54df7478e84166fc7f3f69c85bfeab4
Quick Glance: Hong Kong Implements Ban on Single-Use Plastics to Combat Pollution
- New legislation prohibits Styrofoam products and single-use plastic cutlery in Hong Kong
- Single-use cutlery like forks, spoons, straws, and plates can no longer be sold or distributed
- Many restaurants have already started implementing the new measures
- The goal is to curb the throwaway culture and promote reusables to protect the environment
Comment on Esprit: Misguided: Esprit is threatened with irrelevance. Management urgently needs to ensure excellence and rigor. The time for experiments is over ...
textilwirtschaft.de/business/news/kommentar-zu-esprit-fehlgeleitet-244772
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Hong Kong Home Prices Rise for First Time in 11 Months After Curbs Scrapped: Hong Kong home prices rose for the first time in almost a year in March as the ...
bloomberg.com/news/articles/2024-04-26/hong-kong-home-prices-rise-for-first-time-in-11-months-after-curbs-scrapped
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Quick Glance: Effect of Lifting Restrictions on Hong Kong Home Prices
- In March, Hong Kong saw an increase in home prices for the first time in almost a year following the lifting of property restrictions, leading to a revival in sales.
- The price index for private domestic homes rose by 1.06% from the previous month of February, breaking a 10-month declining trend.
- However, analysts express doubts about the sustainability of this growth as developers work to reduce excess inventory amid high borrowing costs impacting demand.
- The anticipation of prolonged higher interest rates is expected to exert further pressure on the market, potentially causing home prices to decline by an additional 5% to 10% this year if the Federal Reserve's rate adjustments fall short of expectations.
Hong Kong March home prices up 1.1%, first rise in nearly a year: Hong Kong's private home prices reversed a 10-month falling streak in March, climbing 1 ...
reuters.com/markets/asia/hong-kong-march-home-prices-up-11-first-rise-nearly-year-2024-04-26/
Quick Glance: Hong Kong Real Estate Market: Price Recovery in March
- In March, Hong Kong's real estate market saw a price recovery after the financial city lifted restrictions to boost the ailing market.
- Prices dropped by 1.8% in the first quarter, following a 20% decline from their 2021 peak due to higher mortgage rates and a weak market outlook.
- Nevertheless, prices are expected to remain subdued as property developers rushed to introduce new sales with discounts of up to 30%, attracting buying interest from the secondary market.
- A recent report by real estate agency Ricacorp revealed that 30% of transactions for second-hand homes were sold at a loss in the first quarter, with this trend likely continuing into the second quarter.
Miu Miu Is the Hottest Fashion Brand of the Year So Far (Again): Prada's little sister continues its winning streak, according to the latest Lyst Index.
fashionista.com/2024/04/lyst-index-top-popular-brands-products-2024-q1-miu-miu
Quick Glance: Miu Miu Dominates Fashion Industry in 2024
- Miu Miu has taken the lead in the first quarter of 2024 after Prada topped the ranking for the most-wanted brands and products in the fourth quarter of 2023.
- The Lyst Index confirms Miu Miu's dominance in the industry, naming it Brand of the Year for the third consecutive year.
- Prada and Miu Miu stand out for their strong storytelling and cultural relevance, setting them apart from other brands.
- Cultural shifts, such as the turnover of creative directors, have led to increased customer interest in certain brands, while Balenciaga is recognized as the fastest climber on the Lyst Index.
'Negative' factors building in U.S.-China ties, foreign minister Wang tells Blinken
reuters.com/world/blinken-meet-chinese-counterpart-wang-yi-beijing-2024-04-26/
China’s LGFV Borrowing Costs Drop to Record Low as Investors Bet on Bailout: China’s off-the-books local government debt market has turned. Only a few months ago ...
bloomberg.com/news/articles/2024-04-22/china-s-lgfv-borrowing-costs-drop-to-record-low-as-investors-bet-on-bailout
These are the countries where TikTok is already banned: TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of ...
apnews.com/article/tiktok-bytedance-ban-china-india-376f32d78861e14e65ec4bc78e808a0d
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
China’s $700 Billion Offshore Bond Market Put to Test: A Beijing court case may have far reaching implications for international creditors in the country
bloomberg.com/news/newsletters/2024-04-23/china-s-700-billion-offshore-bond-market-put-to-test
Chinese Stocks Draw Record $3 Billion Influx by Global Funds: Sentiment has clearly turned for the better toward Chinese equities with overseas investors ...
bloomberg.com/news/articles/2024-04-26/chinese-stocks-draw-record-3-billion-influx-by-global-funds
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Anya Taylor-Joy, Emily Blunt, Gabrielle Union and Other Stars Wore Plenty of Jewels to Celebrate Tiffany & Co.
fashionista.com/2024/04/tiffany-and-co-blue-book-2024-best-dressed-celebrities
China tea chain ChaPanda sinks in Hong Kong IPO as market sours: HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda ...
asia.nikkei.com/Business/Markets/IPO/China-tea-chain-ChaPanda-sinks-in-Hong-Kong-IPO-as-market-sours
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Quick Glance: ChaPanda's Disappointing Hong Kong Debut Sees 40% Price Drop
- Chinese tea chain Sichuan Baicha Baidao, also known as ChaPanda, had a disappointing debut on the Hong Kong market with a significant price drop in morning trading.
- The shares opened at 15.74 Hong Kong dollars, 10% below its IPO price of HK$17.50, and plummeted close to 40% at one point, closing the morning session at HK$11.34, down by 35%.
Exclusive: Half of Russia's payments to China made through middlemen, sources say
reuters.com/business/finance/half-russias-payments-china-made-through-middlemen-sources-say-2024-04-26/
Lai Sun Weighs Stake Sale in London Office Skyscraper Project: Hong Kong developer Lai Sun Development Co. is considering options for a planned office tower in ...
bloomberg.com/news/articles/2024-04-23/lai-sun-weighs-stake-sale-in-london-office-skyscraper-project
US government reportedly ponders crimping China's use of RISC-V: Permissive licenses may be about to collide with geopolitics
theregister.com/2024/04/24/us_commerce_china_risc_v_investigation/
Quick Glance: US Government Considers Restricting China's Use of RISC-V
- The US Department of Commerce is reportedly considering lawmakers' calls to make it harder for China to use the RISC-V instruction set architecture (ISA).
- RISC-V is permissively licensed, allowing developers to access the ISA for free and create proprietary or open source implementations for various applications.
- The Commerce Department is now reportedly examining RISC-V to review potential risks and assess appropriate actions that could address concerns effectively.
- China is already embracing RISC-V, with local chip design firms utilizing the ISA to develop desktop PC chips for Chinese schools and a server-grade processor for Alibaba Cloud.
Spot the difference: Hong Kong chef's tattered tee resembles $1,500 Balenciaga top, says netizen
asiaone.com/lifestyle/spot-difference-hong-kong-chefs-tattered-tee-resembles-1500-balenciaga-top-says-netizen
Must Read: How The Fall of Noncompete Clauses Will Impact Fashion, Estée Lauder Creates AI Innovation Lab
fashionista.com/2024/04/ftc-noncompete-clauses-fashion-impact
Beijing auto show: Foreign automakers eager for Chinese partners: Global automakers including Volkswagen and Toyota came to this year's Beijing auto show looking ...
reuters.com/business/autos-transportation/foreign-automakers-eager-chinese-partners-beijing-auto-show-2024-04-26/
China’s Growing Ranks of Bubble Tea Billionaires: Sellers of the hugely popular drink are rushing to cash in, but increasing competition threatens to spoil the ...
bloomberg.com/news/articles/2024-04-21/china-s-growing-ranks-of-bubble-tea-billionaires
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Quick Glance: China's Bubble Tea Billionaires
- The passion for bubble tea has produced at least a half-dozen billionaires in China in recent years, known for the sweet drink with sticky tapioca pearls.
- On April 23, Sichuan Baicha Baidao Industrial Co., China's third-largest bubble tea chain, is set to begin trading and raise over $300 million in the largest Hong Kong listing since November.
- The founders of the company, Wang Xiaokun and Liu Weihong, could have a combined net worth of $2.7 billion based on their 73% stake after the initial public offering, according to the Bloomberg Billionaires Index.
- The growing popularity of bubble tea also has the potential to create additional fortunes and is a phenomenon particularly beloved by Millennials and Gen Zers.
Reese Witherspoon and Daughter Ava Phillippe Coordinate in Chic Strapless Dresses
harpersbazaar.com/celebrity/latest/a60617745/reese-witherspoon-daughter-ava-phillippe-strapless-dresses-tiffany-and-co/
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Kate Middleton Photographs Prince Louis’s Sixth Birthday Portrait: It was unclear whether or not the family would be releasing birthday portraits of their ...
vogue.co.uk/article/prince-louis-sixth-birthday-portrait
Agency bars Chinese telecom carriers from offering US broadband services: The Federal Communications Commission said on Thursday it is ordering the U.S ...
reuters.com/business/media-telecom/agency-bars-chinese-telecom-carriers-offering-us-broadband-services-2024-04-25/
Hong Kong bourse operator's Q1 profit drops on weaker listings, trading
reuters.com/business/finance/hong-kong-bourse-operators-q1-profit-down-13-weaker-listings-trading-2024-04-24/
First official portrait of King Frederik and Queen Mary of Denmark released since ascending the throne
abc.net.au/news/2024-04-25/first-photo-of-queen-mary-of-denmark-wearing-crown-jewels/103770422
Taylor Swift’s Lavender Pickleball Skirt from Her ‘Fortnight’ Challenge Is Going Viral
cosmopolitan.com/style-beauty/fashion/a60567899/taylor-swift-pop-flex-active-pickleball-skirt/
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
reuters.com/world/china/china-acquired-recently-banned-nvidia-chips-super-micro-dell-servers-tenders-2024-04-23/
Quick Glance: China Acquires Banned Nvidia Chips in Super Micro, Dell Servers
- Chinese universities obtained Nvidia chips through third parties despite ban
- Tenders reveal acquisition of advanced chips in server products
- Sales by unknown Chinese retailers bypass U.S. regulations
- Tenders demonstrate China's access to advanced technology, potential export control violations
China's distressed property developers reveal wave of job cuts: HONG KONG -- Mainland Chinese property developers suffering from mounting debt obligations and ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-distressed-property-developers-reveal-wave-of-job-cuts
As Blinken Heads to China, What’s on the Agenda?: China’s support for Russia will be a primary topic, along with war in the Middle East and tensions over Taiwan ...
thediplomat.com/2024/04/as-blinken-heads-to-china-whats-on-the-agenda/
Quick Glance: Blinken Discusses Key Issues with China
- USA and China discuss global conflicts and tensions in Shanghai and Beijing.
- Discussions on Russia, Ukraine, Middle East, Taiwan, South China Sea.
- Calls for China to exert influence on Iran and maintain stability in the region.
- Disputes over human rights, synthetic opioids, and illegal activities.
HSBC says growing Chinese wealth fuels client investments in US: HSBC's wealthy clients in China and Hong Kong are still eager to invest in the U.S. ...
reuters.com/business/finance/hsbc-says-growing-chinese-wealth-fuels-client-investments-us-2024-04-24/
Hong Kong hit by third straight IPO flop as AI player Mobvoi disappoints: HONG KONG -- Chinese artificial intelligence company Mobvoi went public in Hong Kong on ...
asia.nikkei.com/Business/Markets/IPO/Hong-Kong-hit-by-third-straight-IPO-flop-as-AI-player-Mobvoi-disappoints
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Hong Kong Stock Exchange HKEX Gains on Hopes of a Market Revival: Hong Kong Exchanges and Clearing Ltd. is having its best week in years.
bloomberg.com/news/articles/2024-04-26/hong-kong-bourse-regains-favor-on-hopes-of-a-market-revival
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Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Our Guide to 2024's Trending Swimsuits: From bold to girly to classic, find the perfect suit for summer.
fashionista.com/2024/04/swimwear-bathing-suits-trends-2024
India tells spice makers to give details of quality checks after Hong Kong allegations, source says
reut.rs/3w393JI
Hong Kong Bitcoin (BTC), Ether (ETH) ETF Launches to Test Crypto Hub Ambition: Hong Kong is set to follow in the footsteps of the US by listing a batch of ...
bloomberg.com/news/articles/2024-04-23/hong-kong-bitcoin-btc-ether-eth-etf-launches-to-test-crypto-hub-ambition
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Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head: Chinese brokerage Haitong Securities removed Lin Yong from chief executive of ...
reuters.com/business/finance/brokerage-haitong-removes-long-term-hong-kong-unit-chief-lin-appoints-new-head-2024-04-24/
Almost 400 bodies have been found in mass grave in Gaza hospital, says Palestinian Civil Defense
cnn.com/2024/04/25/middleeast/gaza-400-bodies-mass-grave-hospital-intl/
Quick Glance: UN Calls for Investigation into Mass Graves at Two Gaza Hospitals
- The United Nations called for a thorough and transparent investigation into the mass graves at two major hospitals in Gaza that were searched by Israeli troops.
- It was emphasized that investigators must have access to the sites, and a greater number of journalists should be able to work safely in Gaza to report on the facts.
- Some of the bodies belonged to individuals killed during the hospital siege, while others were victims when Israeli forces raided the hospital.
- The discovery of the graves highlights the urgency of a ceasefire, the end of the conflict, improved access for humanitarian aid, the protection of hospitals, and the release of Israeli hostages.
TikTok will start to crack down on Ozempic and restrict weight-loss content next month.
ow.ly/h0FU50RmqPo
XPeng CEO says its software, AI upgrades to enter 'super fast cycle': Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial ...
reuters.com/business/autos-transportation/xpeng-ceo-says-its-software-ai-upgrades-enter-super-fast-cycle-2024-04-25/
Meet the 8 Finalists for the 2024 LVMH Prize: The winner will be chosen on Sept. 10.
fashionista.com/2024/04/lvmh-prize-finalists-2024
Tiffany Cheung, Hong Kong YouTuber who shared journey fighting cancer, dies at 32
scmp.com/news/hong-kong/society/article/3259937/tiffany-cheung-hong-kong-youtuber-who-shared-journey-fighting-cancer-dies-32
Which Fashion Jobs Pay the Most?: Find out what those in PR, retail, design and more make on average in our 2024 salary report.
fashionista.com/2024/04/highest-paying-fashion-jobs
Selena Gomez on Getting ‘Mouthy’ Defending ‘People I Love’ Online and the Problem With Beauty Standards
elle.com/culture/celebrities/a60592737/selena-gomez-instagram-time-100-summit-talk/
China should have confidence to talk to us, Taiwan's president-elect says: China should have the confidence to talk to Taiwan's legally elected government ...
reuters.com/world/asia-pacific/taiwans-president-elect-appoints-new-team-says-islands-security-difficult-2024-04-25/
All the Fashion Brands You'll See Athletes Wearing at the 2024 Olympics in Paris: Sportswear giants and smaller labels alike have revealed the uniforms they ...
fashionista.com/2024/04/paris-2024-olympics-uniforms-fashion-brands-designers
China's ambassador to Canada leaves his post: Chinese ambassador to Canada, Cong Peiwu, who has served since 2019, has left his post and returned to China ...
reuters.com/world/americas/chinas-ambassador-canada-leaves-his-post-2024-04-21/
WhatsApp, Threads, more banished from Apple App Store in China: Still available in Hong Kong and Macau, for now
theregister.com/2024/04/19/whatsapp_threads_ban_china/
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Hong Kong, China and a footballing dilemma: Hong Kong, China and a footballing dilemma
bbc.com/sport/football/articles/c9ezpy0ryk0o
Great Outfits in Fashion History: Tyra Banks as a Life-Size Barbie in Anna Sui: She tapped into Barbiecore before it was even a thing.
fashionista.com/2024/04/tyra-banks-anna-sui-dress-1998-mtv-movie-awards
CVC Capital IPO Price Range Set for €1.6 Billion Amsterdam Listing: CVC Capital Partners and some of its investors are seeking to raise €1.6 billion ($1 ...
bloomberg.com/news/articles/2024-04-22/buyout-firm-cvc-sets-price-range-for-1-6-billion-amsterdam-ipo
How to Dress Like Taylor Swift's "The Tortured Poets Department": 6 outfit ideas for Swifties, by a Swiftie.
fashionista.com/2024/04/the-tortured-poets-department-taylor-swift-outfits
Quick Glance: Patti Smith Applauds Taylor Swift in 'Tortured Poets Department'
- Taylor Swift mentions Patti Smith in her new album 'The Tortured Poets Department'.
- Smith responded positively by posting photos of herself with a book by Dylan Thomas.
- Despite seeming different, Smith expressed understanding for Swift and praised her for potentially influencing fans positively.
- HuffPost calls for support for high-quality journalism that is freely accessible to all.
The Most Exciting Advancements in Fabric Innovation Right Now: The latest alternatives to plastic and leather come from some surprising places ...
fashionista.com/2024/04/fashion-material-fabric-innovation-bio-based-alternatives
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
LIM College Puts a New Spin on the End-of-Year Fashion School Show: The entirely student-produced show brought high-fashion interpretations of natural elements ...
fashionista.com/2024/04/lim-college-fashion-show-2024
China's Li Auto cuts car prices in market share battle: Chinese automaker Li Auto on Monday cut prices by around 5% on four of its five models and said it would ...
reuters.com/business/autos-transportation/chinas-li-auto-cuts-car-prices-market-share-battle-2024-04-22/
See Dua Lipa's Custom Chanel and All the Other Fun Celebrity Looks at the Time 100 Gala
fashionista.com/2024/04/time-100-gala-best-dressed-2024
A normal guy's rundown of the insanely good sunglasses worn by insanely famous men
gq-magazine.co.uk/article/celebrity-sunglasses-for-men
Beijing powers up into car wars battleground: The Beijing Auto Show, the first since the pandemic, will be a battleground. Foreign automakers from Tesla to ...
reuters.com/breakingviews/beijing-powers-up-into-car-wars-battleground-2024-04-24/
Shakaila Forbes-Bell on How You Can Leverage Fashion Psychology to Shop More Thoughtfully
fashionista.com/2024/04/shakaila-forbes-bell-fashion-pyschology-career-interview
Chat With Brandice Daniel of Harlem's Fashion Row on The Fashionista Network: Sign up for free access.
fashionista.com/2024/04/brandice-daniel-harlems-fashion-row-fashionista-network
China Plays Long Diplomatic Game in Iran-Israel Feud as Middle East Simmers: Hi, I'm Ben Holland in Hong Kong, where my 15 years of experience covering the ...
bloomberg.com/news/newsletters/2024-04-19/china-plays-long-diplomatic-game-in-iran-israel-feud-as-middle-east-simmers
India tells spice makers to verify quality after Hong Kong allegations: India's spice exports regulator has asked MDH and Everest to provide details of quality ...
reuters.com/world/india/indias-everest-says-its-food-products-are-safe-after-hong-kong-halts-sale-2024-04-23/
Here’s The Latest Trailer For ‘Becoming Karl Lagerfeld’, The New Disney+ Series Charting The Life Of Karl Lagerfeld
vogue.co.uk/arts-and-lifestyle/article/karl-lagerfeld-disney-series
China Stocks in Hong Kong Trounce Onshore Peers as Tech Rallies - Bloomberg: Chinese stocks listed in Hong Kong are poised for their best week versus mainland ...
bloomberg.com/news/articles/2024-04-26/china-stocks-in-hong-kong-trounce-onshore-peers-as-tech-rallies
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