Bucharest’s Christmas lights shine despite austerity squeeze
Festive markets under tight household budgets In Bucharest, Christmas markets are drawing big crowds even as Romania weathers a period of austerity and high living costs.
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Economy
Business, markets, trade and the economy of everyday life.
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Asia’s 2025 IPO surge may face headwinds from AI valuation fears
Booming equity deals face growing tech uncertainty Asia is on track for a robust wave of initial public offerings (IPOs) next year, with many companies in China and India preparing to raise funds.
Oil rebounds as investors eye Fed rate move and Venezuela tensions
Energy prices inch up amid global uncertainty Oil prices rose modestly on Friday as markets bet on a potential interest-rate cut by the Federal Reserve (Fed) and watched rising geopolitical tensions involving Venezuela.
INDONESIA RECONSIDERS EARLY COAL PLANT RETIREMENT
Test case for ‘just transition’ hits political headwinds Indonesia has signaled it is unlikely to go ahead with plans to shut the Cirebon-1…
Singapore bets $154 million on the next wave of screen talent
Three-year plan aims to make city-state a regional content hub Singapore is launching a three-year, $154 million program to supercharge its film and television sector, signalling a fresh push to become a leading content hub for Asia.
LVMH SHIFTS FASHION POWER BY PUTTING DIOR CHIEF IN CHARGE OF KEY BRANDS
Pietro Beccari to lead group’s fashion arm after Versace deal reshapes luxury map Luxury powerhouse LVMH is shaking up its leadership structure by…
South Korea exports rebound as chip demand surges
A new forecast shows South Korea’s exports rose sharply in November, driven by booming global demand for semiconductors.
Thailand floods threaten global rubber output
Heavy flooding in southern Thailand has submerged about 656,000 hectares of rubber plantations.
China’s BYD tightens its grip on Europe’s booming EV market
EV maker’s registrations keep climbing Chinese electric vehicle giant BYD is continuing to gain ground in Europe as fresh sales data show another…
Lush returns to India as luxury beauty boom reshapes retail
Global brand tests a fast-growing market again UK-based cosmetics company Lush is returning to India nearly two decades after pulling out, betting that the country’s booming luxury beauty market now offers the scale it needs.
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