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China's ultra-wealthy population — people with a net worth of at least $30 million — is expected to increase by almost 50% in a few years, according to projections in a recent Knight Frank wealth report.
The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.
The world's second-largest economy grew much slower than expected in the second quarter, with the consumer sector a particular cause for concern. Retail sales growth sank to an 18-month low as deflationary pressures forced businesses to slash prices on everything from cars to food to clothes.
TOKYO -- Mergers and acquisitions involving Chinese companies fell 45% by value year-on-year in the first half of 2024, as the country's struggling economy and tighter espionage laws hamper cross-border deals.
For China, its skies are not vast enough to accommodate the ambitions for its home-grown passenger jets.
Nickel mining in Indonesia has surged, making it the world's top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries.
McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.
TOKYO -- Chinese President Xi Jinping met visiting Italian Prime Minister Giorgia Meloni on Monday and reassured her that Beijing values its ties with the third-largest economy in the European Union, state media said.