DIRS.INFO The most relevant business & tech news

☆ China says relations with Japan at 'critical stage'
▼ + stars: | 2024-07-27 | by ( ) www.cnbc.com time to read: +2 min

Relations between China and Japan are at a critical stage, Chinese Foreign Minister Wang Yi told his Japanese counterpart on Friday as the pair discussed thorny issues including Japanese nationals detained in China, food import bans and semiconductor curbs. "China-Japan relations are currently at a critical point: advance or be left behind," Wang told Kamikawa, according to a readout of the talks issued by the Chinese foreign ministry. It is hoped that the Japanese side will establish an objective and correct perception of China and pursue a positive and rational policy towards China." In their first one-to-one talks in eight months, Kamikawa strongly urged the lifting of import restrictions Beijing imposed on Japan food products in the wake of the Fukushima water release. She also called for the early release of Japan detainees in China.

Persons: Wang Yi, Wang, Japan's Yoko Kamikawa, Kamikawa Organizations: Southeast, ASEAN, Saturday's East Asia Summit, ASEAN Regional Forum, Japan, Astellas Pharma Locations: China, Japan, Laos, Saturday's, Beijing, Tokyo

☆ In Japan, Turning the Tables on Rude Customers
▼ + stars: | 2024-07-26 | by ( Motoko Rich | Hisako Ueno | ) www.nytimes.com time to read: +1 min

The guests arrived 30 minutes before check-in time at a traditional hot springs inn a couple of hours north of Tokyo. When they saw a sign asking that customers wait in their cars, they demanded to know why they could not get their room key early. The exchange, captured on a security camera, quickly exploded into angry shouting. Eventually it ended on the pavement out front — with the inn’s managing director down on his knees, bowing deeply and apologizing. The tradition of hospitality is such that retail clerks in upscale stores bow to customers on their way out the door, and waiters, baristas and hotel clerks use honorific Japanese when serving.

Persons: “, ” Locations: Tokyo, Japan

☆ Japan's economy is weak because the BOJ failed to hike rates in time: CLSA
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's economy is weak because the BOJ failed to hike rates in time: CLSANicholas Smith, Japan strategist at CLSA, says the "economy has been weak because of consumption. Consumption has been weak because of the cost of living crisis. Who drove the cost of living crisis? The Bank of Japan did."

Persons: CLSA Nicholas Smith Organizations: of Japan Locations: Japan

☆ Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +1 min

Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. But Hyundai also warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers. Hyundai reported a net profit of 4 trillion won ($2.9 billion) for the April-June period, up 23% from a year earlier and easily beating the 3.4 trillion won average of 21 analyst estimates compiled by LSEG SmartEstimate. The net profit was its highest quarterly since the previous record high set in the Q2 2022. Domestic vehicle sales in South Korea, Hyundai's second-biggest market, slumped 10% in the second quarter, extending from a 16% drop in the previous quarter, as consumers continue to grapple with surging inflation and a weak economy.

Persons: LSEG SmartEstimate, Hyundai's Organizations: Hyundai, New York, Hyundai Motor, Ford, Nissan, Tesla, Kia Corp Locations: U.S, South Korea

☆ Most luxury companies are struggling in China — except one
▼ + stars: | 2024-07-26 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Read previewAs Chinese buyers eschewed local stores and poured into Japan this year in search of luxury bargains, one high-end powerhouse was an outlier. AdvertisementThe company's success in China comes as many of Hermès' industry peers saw China and Asia revenue sales tank from softening consumer demand. But most of Hermès' sales this year in China and Japan were largely from local customers, said Dumas. "Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." The luxury company reported overall sales revenue for the first half of the year of 7.5 billion euros, an increase of 12% compared to the same period in 2023.

Persons: —, Hèrmes, Hérmes, Axel Dumas, Burberry, Hermès, Dumas, Hermes Organizations: Service, Business, Hermès, Bloomberg Locations: Japan, Asia, China, Paris, Pacific, Europe, France

☆ European drug regulator rejects Alzheimer's treatment Leqembi from Biogen, Eisai
▼ + stars: | 2024-07-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

European drug regulators on Friday rejected the Alzheimer's treatment Leqembi from Biogen and Eisai , creating another hurdle for the companies as they scramble to boost uptake of the therapy in the U.S. But it almost always follows the drug regulator's recommendations. The European Medicines Agency's human medicines committee recommended against granting marketing authorization for Leqembi. Leqembi and Kisunla are milestones in the treatment of Alzheimer's after three decades of failed efforts to develop medicines that can fight the fatal disease. In 2021, the European Medicines Agency rejected Aduhelm.

Persons: Eisai, Leqembi, Eli Lilly, Kisunla, Aduhelm Organizations: U.S, European Commission, U.S . Food, Drug Administration, Medicines, European Medicines Agency, Alzheimer's Locations: Biogen, U.S, Japan, South Korea, China, Israel, Europe, Alzheimer's Europe

Will These Sensational Skateboarding Tricks Win Japan Olympic Gold? Tokyo Olympics results If scored with the new format Total ATHLETE ATHLETE Total Yuto Horigome Japan Kelvin Hoefler Brazil Kelvin Hoefler Brazil Jagger Eaton U.S. Yuto Horigome Japan Jagger Eaton U.S. Tokyo Olympics results Yuto Horigome Kelvin Hoefler Jagger Eaton Japan Brazil U.S. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 5 START Huston landed 13 tricks while Horigome only did 7. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 Huston landed 13 tricks while Horigome only did 7. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 5 START Huston landed 13 tricks while Horigome only did 7.

☆ 10 things to watch in the stock market Friday after a tumultuous week
▼ + stars: | 2024-07-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

The data didn't sway the market odds on the Fed cutting interest rates three times this year, starting in September. The industrial conglomerate raised its full-year outlook. Two of the Club's industrial names, Honeywell and Dover , reported earnings this week with mixed fortunes for their stocks. Dexcom shares plunged more than 35% after the medical device company missed on revenue and cut its full-year outlook. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bristol Myers, Abbott, Skechers, Lockheed Martin, L3Harris, Japan's Eisai, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Federal, Transportation, Electronics, Honeywell, Colgate, Palmolive, Abbott Laboratories, Libre, Deutsche Bank, Lockheed, EU, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: Dover

☆ Paris Olympics is the latest test of whether sports can win subscribers for NBC's Peacock
▼ + stars: | 2024-07-26 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

In this article CMCSA Follow your favorite stocks CREATE FREE ACCOUNTThe Paris 2024 logo representing the Olympic Games is displayed near the Eiffel Tower in Paris on April 21, 2024, in anticipation of the 2024 Paris Olympic Games and Paralympic Games. Chesnot | Getty ImagesThe Paris Olympics will offer Comcast another chance to lift its streaming platform, Peacock, as it aims to not only attract more subscribers but keep them. But most importantly, Peacock will air the entirety of the Summer Olympics for the first time. The 2020 Tokyo Olympics, which were held in 2021 due to the Covid pandemic, drew the lowest-ever audience for the Summer Games. The Beijing Olympics in 2022 had the lowest viewership ever for the Winter Games, which are notably smaller than the Summer Olympics.

Persons: Peacock, it's, Comcast's, Craig Moffett, they've, Molly Solomon, Kelly Campbell, Simone Biles, Lindsey Wasson, NBCUniversal, Mike Tirico, Grant Fisher, Abdihamid Nur, Patrick Smith Organizations: Olympic, Olympic Games, Paralympic Games, Chesnot, Comcast, Olympics, Ariake Gymnastics, NBC Radio, NBC, Summer Games, Beijing, Winter, Paris Games, Summer, Games, Australia, Team USA, Hayward Field, Getty Locations: Paris, MoffettNathanson, East Coast, U.S, Tokyo, United States, Japan, France, of Versailles, USA, men's, Eugene , Oregon

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.

Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, ”, Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States

☆ Is 100 Days Enough Time to Pick a Leader? Around the World, Yes.
▼ + stars: | 2024-07-26 | by ( Josh Holder | Keith Collins | ) www.nytimes.com time to read: +4 min

Is 100 Days Enough Time to Pick a Leader? But in many other democracies, an official election period sets out when candidates can debate, make speeches and run political ads (often with strict spending limits). “We know from other countries that 100 days is plenty of time for a healthy campaign,” said Mr. Tama. “Most campaigns in different countries are in the range of a few weeks to several months.”Even in India, the largest democracy in the world, the official campaign only starts a little over a month before voting begins. And in India in 2014, Narendra Modi had six months after his party chose him as leader to wage his successful campaign for prime minister.

Persons: Kamala Harris, Mexico Claudia Sheinbaum, Philippines Ferdinand Marcos Jr, Justin Trudeau, Italy Giorgia Meloni, Brazil Luiz Inácio Lula da Silva, Anthony Albanese, France Emmanuel Macron, Indonesia Joko, Keir Starmer, India Narendra Modi, Korea Yoon Suk Yeol, Japan Fumio Kishida, Donald J, Trump, Jordan Tama, “, ”, Tama, Biden’s, Lyndon B, Johnson, Harris, Narendra Modi Organizations: Voters, American University, American, United, Electoral College, Labour, Conservative Locations: Mexico, Philippines, Italy, France, Indonesia, India, Korea, Japan, Canada, United States

☆ Asia-Pacific markets mixed after sell-off as investors assess Tokyo CPI, await U.S. inflation data
▼ + stars: | 2024-07-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were mixed on Friday after Thursday's sell-off saw some indexes in the region hit their lowest level in months. "There's a changing of the guard happening on Wall Street. In Asia, traders assessed July inflation data out of Japan's capital city of Tokyo, which is widely considered a leading indicator of nationwide trends. Tokyo's headline inflation slowed slightly to 2.2% in July from 2.3% in May, while its core inflation rate — which strips out prices of fresh food — remained unchanged at 2.2%, in line with expectations. The so called "core-core" inflation rate, which strips out prices of fresh food and energy and is watched by the Bank of Japan, fell to 1.5% from 1.8%.

Persons: Thursday's, Adam Sarhan Organizations: Nasdaq, Dow Jones, Investments, Bank of Japan, greenback Locations: Asia, Pacific, Tokyo

“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ Oil edges up on strong U.S. GDP data but Asia economic woes limit gains
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer. But concerns about soft economic conditions in Asia's biggest economies, China and Japan, capped gains. At the same time, inflation pressures eased, which kept intact expectations that the Federal Reserve would move forward with a September interest rate cut. Lower interest rates tend to boost economic activity, which can spur oil demand. Still, continued signs of trouble in parts of Asia limited oil price gains.

Organizations: Brent, . West Texas, Commerce Department, Reuters, Federal Reserve Locations: Fort Stockton , Texas, China, Japan, U.S, Asia

☆ A massive race to start the Olympics: Get ready for the women’s 400-meter freestyle
▼ + stars: | 2024-07-26 | by ( Nicole Auerbach | ) www.nytimes.com time to read: +7 min

AdvertisementAustralian Ariarne Titmus, 23, is the defending Olympic gold medalist in the event and the favorite entering Saturday’s competition. American Katie Ledecky, 27, took gold in the 400 free in the previous Olympics in Rio de Janeiro. Plus, the field includes 17-year-old Canadian phenom Summer McIntosh, who set the world record in the event in 2023 before Titmus re-set it. With none of the runners-up in view, Ariarne Titmus reaches for gold in the women’s 400-meter freestyle at the 2023 world championships. (Jacob Kupferman / Getty Images)(Top illustration: Dan Goldfarb / The Athletic; photos of Ariarne Titmus, Katie Ledecky and Summer McIntosh: Quinn Rooney, Maddie Meyer and Jacob Kupferman / Getty Images)

Persons: PARIS — It’s, Katie Ledecky, Summer McIntosh, Titmus, “, I’ve, ” Ledecky, Erika Fairweather, McIntosh, She’ll, Adam Pretty, Canada’s, she’s, Ledecky, Regan Smith, Kate Douglass, Alex Walsh, ” Brent Arckey, don’t, Caeleb Dressel, ” Titmus, I’m, ”, Larisa Latynina, Jacob Kupferman, Dan Goldfarb, Ariarne Titmus, Quinn Rooney, Maddie Meyer Organizations: Paris Games, PARIS, Tokyo Games, Summer’s Games, CBC Sports, U.S, Titmus, McIntosh, Olympic Locations: Rio de Janeiro, U.S, Fukuoka, Japan, Sarasota , Fla, Tokyo, Titmus, Australia, Titmus Australia, Chartres, France, London, Soviet Union, Ledecky, McIntosh, Paris

Chuo Ward, Tokyo, Japan - February 23, 2018; Top luxury shopping streets with multi colored neon signs. For the first half of the year, luxury group LVMH this week reported " exceptional growth in Japan arising in particular from purchases made by Chinese travelers." SHANGHAI — Luxury brands are seeing a surge in sales in Japan, largely driven by purchases from Chinese travelers taking advantage of a weak yen, according to earnings results this month. The income segment covers families in mainland China earning at least 30,000 yuan a month ($4,140, or about $50,000 a year). besides Hong Kong, across most luxury brands."

Persons: Yves, Yves Saint Laurent, Trip.com, Xiao Hong Shu, netizen, Oliver Wyman, Louis Organizations: Yves Saint, Burberry, U.S, Federal Reserve, Bank of Japan, South, Japan National Tourism Organization, CNBC Locations: Chuo Ward, Tokyo, Japan, Ginza, China, Southeast Asia, SHANGHAI, South Korea, Weibo, Sapporo, Hong Kong, Malaysia, France, Asia

☆ Yen heads for strongest week in 3 months as carry trades unwind
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +3 min

The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The euro was a tad stronger at $1.0853 but is down 0.35% for the week, its steepest weekly decline since early June. The souring risk sentiment this week has weighed heavily on the Aussie and the New Zealand dollar . The Aussie is down 2% for the week, its worst weekly performance since November 2023.

Persons: James Athey, Ben Bennett, they're Organizations: Marlborough Investment Management, Federal, Fed, Traders, Bank of Japan, Legal, General Investment Management, New Zealand Locations: Tokyo, Asia, Pacific

☆ Japanese restaurants say they’re not charging tourists more – they’re just charging locals less
▼ + stars: | 2024-07-25 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

Tokyo CNN —Kudos to you if you can speak perfect Japanese and order food at a neighborhood sushi bar in Tokyo. But overtourism – fueled by a combination of pent-up post-Covid demands (aka “revenge travel”) and the weak local currency – has recently prompted restaurants in the country to consider the merits of differential pricing. This year, spurred by a weak yen that has fallen to its lowest level against the dollar in decades, the tourists are back - in big numbers. “Some people say, ‘We don’t do this in our country.’ But think about how bad Japanese people’s English skills are. As the less-expensive resident prices are often written in the local language, foreign tourists may not even know they paid more.

Persons: –, ”, Shogo Yonemitsu, ” Yonemitsu, Elisa Chan, Tamatebako, Rinka Tonsho, CNN Yonemitsu, isn’t, That’s, CNN Shuji Miyake, Phoebe Lee Organizations: Tokyo CNN, Mount Fuji, UNESCO, Chinese University of Hong, CNN Locations: Tokyo, Japan, Shibuya, Mount, Hokkaido, Himeji, In Venice, Tokyo’s Tsukiji

☆ Europe stocks set to open lower amid global downturn; earning season ramps up
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam. LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.'s FTSE 100 was last seen opening 19 points lower at 8,132 points, according to IG data, with Germany's DAX and France's CAC 40 down by 80 points and 45 points, respectively. The pan-European Stoxx 600 index closed 0.6% lower on Wednesday as second-quarter earnings season ramped up. Data will be released on German consumer confidence and euro zone and U.K. business activity, ahead of next week's euro zone gross domestic product second-quarter print.

Persons: Germany's DAX, carmakers Stellantis, Roche Organizations: Unilever, LONDON, CAC, MIB, Nestle, carmakers, Renault, Nasdaq, Deutsche Bank, Nikkei, U.S, Reuters, Bank of Locations: Rotterdam, Swiss, U.S, Asia, Pacific, Bank of Japan

☆ BOJ to weigh rate hike next week, detail plan to halve bond buying, Reuters reports
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +1 min

The flag of Japan flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. "The decision will be a close call and a hard one to make," given uncertainty over the consumption outlook, one of the sources said. "It's really a judgment call, in terms of whether to act now or later this year," another person said. While the nine-member board broadly agrees on the need for a near-term rate hike, there is no consensus on whether it should happen next week or later in the year, they said.

Organizations: Bank of Japan, The Bank of, Reuters Locations: Japan, Tokyo, The Bank of Japan

☆ Japan for Kids: Pikachu Is Just the Start
▼ + stars: | 2024-07-25 | by ( David Lahuta | ) www.nytimes.com time to read: 1 min

Japanese cities like Tokyo and Kyoto, are traditionally known for shrines, temples and historic cultural sites. But as the birthplace of anime, manga and, of course, Pokémon, Japan is also a pop culture powerhouse and a hotbed of kid-friendly activities, from practicing ninja skills to spending time with Snorlax. For a family trip, “the beauty of Japan is you can walk five steps and easily attract the attention of a child,” said Ramesh Krishan, who goes by the name RamKy and whose company, Japan Unfiltered, specializes in candid tours of Tokyo, Mount Fuji and other destinations. “It could be a capsule toy-dispensing machine, a karaoke bar with interesting desserts on display, or even the peppy music heard playing inside train stations.”Here are six stops on a family-oriented tour of the country’s most-visited cities.

Persons: ”, Ramesh Krishan Organizations: Mount Fuji Locations: Tokyo, Kyoto, Pokémon, Japan

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ The luxury outlook in China just keeps getting worse
▼ + stars: | 2024-07-25 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Consumer spending in China has been improving "more moderately than before COVID-19," Luca Solca, a luxury goods analyst at Bernstein, told Business Insider. In its most recent quarter, Burberry's Chinese sales revenue declined 21% from last year. Massive discounts and online shoppingTo try to boost sales, luxury brands have given massive discounts to Chinese consumers. Luxury goods are still popular with wealthy Chinese shoppers — just not in China. Not all luxury brands are feeling the heat in China.

Persons: —, LVMH, Jean, Jacques Guiony, Luca Solca, Bernstein, Solca, Hugo Boss, Richemont, Cartier, Versace, Marc Jacobs, Damien Yeo, Yeo, TD Cowen, Guiony, Hermès Organizations: Service, Gucci, Business, Consumer, Swatch, Asia, Brands, Balenciaga, Bloomberg, Burberry, Fitch Solutions Locations: Asia, China, China , Hong Kong, Macau, Asia Pacific, Japan

☆ NORAD says it tracked Chinese and Russian long-range bombers off Alaska
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +3 min

Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.

Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea

☆ Domino's CEO slams the summer of value meals
▼ + stars: | 2024-07-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewAccording to Domino's CEO, smaller burgers are no way to make people happy. In an interview with Bloomberg, Russell Weiner took aim at the size of his competitors' value meals, which often include burgers. "If you want a big sandwich and you end up getting a little sandwich cheaper, you're not happy." AdvertisementWeiner's comments come during a summer of value meals in the US — with nearly every major outlet creating bundles to attract price-sensitive customers. Still, a better value strategy has not been enough to fully satisfy Domino's investors.

Persons: —, Russell Weiner, Domino's, Weiner, Burger King, Taco Bell, Burger Organizations: Service, Bloomberg, Business, Taco, Restaurant Brands Locations: Burger, Japan, France

Search resuls for: "Japan"

25 mentions found