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☆ Tiger populations in Thailand are bouncing back
▼ + stars: | 2024-07-27 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

CNN —As Global Tiger Day rolls around, there’s good news for the big cats in Thailand. Thailand Department of National Parks, Wildlife and Plant Conservation/WCS ThailandThe DNP began working with WCS to “build and strengthen site-based protection,” says Jornburom. Thailand Department of National Parks, Wildlife and Plant Conservation/WCS ThailandA ‘conservation-dependent species’While Thailand’s success story offers hope, the outlook across the region is not so optimistic. This has left small, isolated tiger populations in Myanmar, Indonesian Sumatra, and peninsular Malaysia — the latter of which is worrying conservationists after a recent spate of tiger deaths. WEFCOM currently boasts most of the country’s tiger population, and has the potential to support up to 2,000 tigers, according to WCS.

Persons: It’s, Pornkamol Jornburom, she’s, ”, Pornkamol, WEFCOM, WCS, Stuart Chapman, they’ve, Chapman, Thailand Chapman, ” Stuart Chapman Organizations: CNN, Initiative, Thailand’s Department of National Parks, Wildlife Conservation Society, Tigers, Thailand Department of National Parks , Wildlife, Plant, Patrol, GPS, WWF’s Tigers Locations: Thailand, Wildlife, Kha, Thung, Thung Yai, WEFCOM, Southeast Asia, Singapore, Java, Bali, Vietnam, Laos, Cambodia, Myanmar, Indonesian Sumatra, Malaysia, “ Thailand

☆ Blinken meets China’s top diplomat in Laos as global giants keep communication lines open
▼ + stars: | 2024-07-27 | by ( Nectar Gan | Kylie Atwood | ) edition.cnn.com time to read: +6 min

Russia’s invasion of Ukraine, as well as China’s increasingly assertive moves in the South China Sea and threats toward Taiwan, have in recent years soured the Washington-Beijing relationship. In contrast, both Putin and Russia’s top diplomat Sergei Lavrov have been greeted in Beijing multiple times since the invasion. against a backdrop of increasingly violent clashes between Manila and Beijing in the South China Sea. “We are pleased to take note of the successful resupply today of the Second Thomas Shoal, which is the product of an agreement reached between the Philippines and China,” Blinken said. His running mate JD Vance has advocated halting military aid to Ukraine in favor of focusing on Taiwan’s defense.

Persons: Antony Blinken, Blinken, Wang Yi, Joe Biden’s, China’s, Xi Jinping’s, Russia’s Vladimir Putin, Wang, Dmytro Kuleba, Beijing “, ”, Putin, Sergei Lavrov, Kuleba, Lavrov, Russia …, “, ” Lavrov, Ferdinand Marcos Jnr, Beijing’s, Shoal, Thomas, ” Blinken, Biden, Donald Trump, JD Vance, Kamala Harris Organizations: Hong Kong CNN, United, Foreign, ASEAN, Laos –, North American Aerospace Defense Command, NATO, Ukraine, European Union, Ukrainian Foreign, South China, Republican, Democratic Locations: Hong Kong, China, Laos, Asia, Vietnam, Japan, Philippines, Singapore, Mongolia, Ukraine, South, Taiwan, Washington, Beijing, Alaska, Russia, Moscow, Russia’s, Southeast Asia, South Korea, Manila, South China

☆ Meet ‘X,’ the human voice behind Spotify’s AI DJ: ‘It’s a digitized version of me’
▼ + stars: | 2024-07-27 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +7 min

Xavier Jernigan, Spotify's head of cultural partnerships and the voice of the company's AI DJIf you think Spotify's AI DJ sounds more human than robot, there's a reason for that: It's modeled after an actual person, Xavier "X" Jernigan. Spotify rolled out its AI DJ product in the U.S. and Canada on February 22, 2023. So, they approached him to see if he would be interested in becoming a voice model for the AI DJ. Training the AI DJSpotify uses Sonantic, a dynamic text-to-speech AI voice platform the company acquired in 2022, and OpenAI technologies to power its AI DJ. Jernigan says being embraced globally as the voice of Spotify's AI DJ has been a humbling experience.

Persons: Xavier Jernigan, It's, Xavier, DJ X, Jernigan, Spotify's, Kendrick Lamar, Drake Organizations: Spotify, CNBC, DJ, Def Jam, Republic Records, Florida, Mechanical University, New York University Locations: U.S, Canada, New, Australia, New Zealand, Europe, Asia, Latin America, Africa, London, Sydney

☆ 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

☆ RIMPAC: US Air Force B-2 bomber used in exercise to sink surface ship with low-cost bomb
▼ + stars: | 2024-07-27 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Earlier this month, the US and allies practiced taking out a large surface ship with long-range weapons, including, for the first time, a US Air Force B-2 bomber. It showed the US military can use one of its most survivable weapons platforms, the B-2 Spirit stealth bomber, to sink a major surface ship with a low-cost guided bomb. The Air Force says its stealthy characteristics allow it to penetrate heavily defended areas and also fly with a small chance of being detected by radar at high altitudes. Mating it up with relatively cheap and demonstrably effective precision-guided bombs with warheads of up to 2,000 pounds could give the Air Force bombers the “anti-ship lethality” of a submarine-launched torpedo without the liabilities of a submarine, according to a US Air Force website. The Air Force first tested QUICKSINK in 2022, when an F-15 fighter jet released a GBU-31 Joint Direct Attack Munition (JDAM) that destroyed a full-scale surface target in the Gulf of Mexico, according to an Air Force statement.

Persons: ”, Seleena Muhammad, QUICKSINK, Carl Schuster, ” Schuster, Jon Husman, Alessio Patalano, Mark Hammond, Australia’s, “, LSIS Daniel Goodman, USS Fitzgerald, John Wade, RIMPAC, John Bradford, ” Bradford, Zhongping Organizations: South Korea CNN, US Air Force, US, Air Force, Munitions, Royal Air Force, U.S . Air Force, Navy, Air Force Research, Liberation Army Navy, PLAN, US Pacific Command Joint Intelligence Center, U.S . Navy, King’s College, US Navy, Ship, 3rd Fleet, Royal Australian Navy, Naval, Australia, Royal Australian, Kongsberg Defence & Aerospace, US Navy destroyer, US Marine Corps, Task Force, Foreign Relations International Affairs, Times, PLA Navy, Global Times, ” Global Times Locations: Seoul, South Korea, Kauai, China, Tarawa, England, U.S, Gulf of Mexico, Pacific, Taiwan, Philippines, Japan, London, Oahu, Hawaii, Norwegian, USS Dubuque, ‘, Malaysia, Netherlands, China China, Asia, Taiwan Strait, South China

☆ Buy top tech stocks like Apple ahead of their results before it's too late, Bank of America says
▼ + stars: | 2024-07-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

The investment bank says stocks like Apple are table-pounding buys ahead of quarterly results this week. CNBC Pro combed through Bank of America research to find buy-rated tech stocks with more room to run. Apple Bank of America recently raised its price target on the iPhone maker to $256 from $230. Shopify Time to buy shares of the Canadian provider of websites for businesses, according to Bank of America. Analyst Brad Sills recently upgraded Shopify to buy from neutral as a "more balanced growth & margin profile" take hold.

Persons: Wamsi Mohan, Apple, Mohan, GenAI, Brad Sills, Sills, Shopify, Sachin Salgaonkar, Mark Murphy, Satya Kumar, Samir Organizations: Bank of America, CNBC, Microsoft, Apple, Micron Technology, Sea, Apple Bank of America, Apple Vision, Micron Locations: Bank, Shopify, U.S, Singapore, Southeast Asia, Asia, Brazil, Boston, New York

☆ Kamala Harris Is Known Abroad for a Personal Touch, and Tough Talk
▼ + stars: | 2024-07-27 | by ( Matina Stevis-Gridneff | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

Like most vice presidents, Kamala Harris was not given much runway on foreign policy. But in the role she did fill, Ms. Harris made an impression. Ms. Harris can be many things at once: warm but steely on occasion; authoritative but personable. She has represented the United States frequently during trips to Europe, Asia, Africa and the Americas, and has met with more than 150 world leaders. In recent months, she has also become more directly involved in discussions with global leaders on the conflicts in Ukraine and the Middle East.

Persons: Kamala Harris, Biden, Harris, Benjamin Netanyahu Organizations: Democratic Locations: United States, Europe, Asia, Africa, Americas, Ukraine, Israel, Washington, Gaza

☆ Rohan Bopanna’s path to the Olympics, via a Grand Slam and doubles world No 1
▼ + stars: | 2024-07-26 | by ( Matthew Futterman | ) www.nytimes.com time to read: +15 min

He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.

Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, “, ”, Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

☆ As Trump Looms, Blinken Aims to Reassure Allies on U.S. Commitment to Asia
▼ + stars: | 2024-07-26 | by ( Edward Wong | ) www.nytimes.com time to read: +1 min

For three and a half years, President Biden and his aides have insisted that the United States is a Pacific power, and that its allies and partners in the region need not worry about Washington’s commitments. Now Secretary of State Antony J. Blinken plans to deliver assurances in person across six nations, his most ambitious trip in the region. Mr. Biden’s announcement last Sunday that he is no longer running for re-election sent shock waves around the world. Many of America’s allies are especially concerned about a second Trump presidency, given that former President Donald J. Trump has constantly declared that those allies are conning the United States into providing military support. They are uncertain if Vice President Kamala Harris, the presumptive Democratic nominee, can beat him in November.

Persons: Biden, Antony J, Blinken, Donald J, Trump, Kamala Harris Organizations: U.S, Trump, Democratic Locations: United States, Pacific, Vientiane, Laos

☆ 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

☆ 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

☆ 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

☆ Growth in U.S. has slowed, but will pick up in the months ahead: Goldman Sachs
▼ + 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 EmailGrowth in U.S. has slowed, but will pick up in the months ahead: Goldman SachsSunil Koul, Goldman Sachs' vice president for Asia-Pacific portfolio strategy, says consumption in the U.S. remains robust and the country will not fall into a recession.

Persons: Goldman Sachs Sunil Koul, Goldman Sachs Locations: Asia, Pacific, U.S

☆ TikTok is betting its future on e-commerce. Should it?
▼ + stars: | 2024-07-26 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +8 min

From conversations with e-commerce analysts, TikTok Shop partners, sellers, and creators, it's clear that Shop is growing steadily in the US and driving meaningful sales for some brands. TikTok Shop is also showing strong momentum in regions outside the US that have embraced social shopping more, like Southeast Asia. Order-tracking platform Route saw global order volume on TikTok Shop grow a modest 35% between January and June. AdvertisementWhat's working for TikTok ShopWell-timed promotional campaigns and live selling have bolstered TikTok Shop's growth this year, agency sources told BI. TikTok Live has become an e-commerce hub for all types of sellers, including pre-owned luxury retailer What Goes Around Comes Around, which has a streaming studio in its store.

Persons: —, influencers, TikTok, it's, It's, Nicole Rechtszaid, Steele, Pena, Rechtszaid, Dan Whateley, Julian Reis, SuperOrdinary, Reis, we've, Michael Yamartino Organizations: Service, Business, TikTok Shop, TikTok, Ghost Agency, Amazon's, livestreams Locations: Southeast Asia, Paris, Maybelline New York, Asia, China

☆ 'Fool's effort' to predict Trump's behavior: Think tank
▼ + 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 Email'Fool's effort' to predict Trump's behavior if he wins presidency: Asia Society Policy InstituteDaniel Russel, vice president for international security and diplomacy at the Asia Society Policy Institute, discusses the outlook for U.S. foreign policy in the event of a second Trump presidency.

Persons: Daniel Russel Organizations: Asia, Policy, Asia Society Policy Institute, Trump

☆ Here's how much it can cost a family of four to live across 10 major Asian cities
▼ + stars: | 2024-07-26 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

Living in a major city can come with a hefty price tag, so it's best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of living. A family of four can expect to spend an estimated $9,000 a month to live in one of these cities, according to Numbeo, an online database of user-contributed information. Singapore also saw a "rocketing increase" in its housing rentals from 2022, however, prices have begun to stabilize in recent months, said Ma. Here's a broader look at how much it costs for a family of four to live across 10 major cities in Asia, according to data by Numbeo:

Persons: Tracey Ma, APAC, Hong Kong, Ma Organizations: Mercer, CNBC, Singapore's Urban Redevelopment Authority Locations: Asia, Hong Kong, Singapore, Mercer, Hong, Ma, Singapore's

☆ 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

☆ 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

☆ 'Huge potential' in Asia Pacific for offshore wind farms: Cyan Renewables
▼ + 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 Email'Huge potential' in Asia Pacific for offshore wind farms: Cyan RenewablesKeng Lin Lee of Cyan Renewables discusses how the company is positioning itself following its $1.1 billion acquisition of Australian vessel operator MMA Offshore.

Persons: Lin Lee Organizations: Cyan Renewables, Offshore Locations: Asia Pacific

☆ Zhiying Zeng: 38 years after ending Olympic dream in China, this ‘table tennis grandma’ will represent Chile at Paris 2024
▼ + stars: | 2024-07-26 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

CNN —Zhiying Zeng’s eyes begin to sparkle and her gestures become more animated as she recounts the day her lifelong Olympic dream came true. Even in China, by far the world’s most dominant table tennis nation, Zeng’s talents were evident from an early age. When she was 16, she was called up to the Chinese table tennis team for the first time. Finally, 38 years after she gave up on her Olympic dream, Zeng qualified for Paris 2024 at a pre-Olympic qualifying tournament in Lima, Peru, in May this year. “Calm, calm,” Zeng, who says mental fortitude is her biggest asset in table tennis, repeated to herself.

Persons: Zeng, ’, Tania ’ –, –, empanadas, “, Chile Zeng, ”, Rodrigo Arangua, Daniela Ortega, Paulina Vega, Luisa Gonzalez, Reuters “, ’ ”, ” Zeng, Tia Tania ’ –, Tania –, Zeng isn’t, Gabriel Boric, Mariana Sahakian, Zeng’s, “ You’ve Organizations: CNN, Paris, Chile –, CNN Sport, Getty, Games, Pan American, Reuters, Tennis Federation, AP, Pan Am, Olympic Locations: China, Asia, Chile, Chilean, Guangzhou, AFP, Seoul, Arica, –, Iquique, Santiago, Lima , Peru, Lima

☆ European stocks head for mixed open as selloff eases; U.S. inflation data due
▼ + stars: | 2024-07-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Overall, Stoxx losses have eased from last week, when the regional index recorded its worst performance since October. LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. inflation. The biggest item on the data front Friday is the U.S. personal consumption expenditures price index, due at 8:30 a.m. Asia-Pacific markets largely rebounded Friday, as Tokyo's headline inflation slowed slightly to 2.2% in July from 2.3% in May.

Persons: Kamala Harris, Wall, Dow Jones, Mercedes, Stellantis Organizations: New York Stock Exchange, LONDON, Mercedes Benz Locations: U.S, Asia, Pacific, .

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

☆ Japan's Nikkei tumbles more than 2% as Asia-Pacific markets fall, tracking Wall Street sell-off
▼ + stars: | 2024-07-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets saw a sell off on Thursday, tracking losses on Wall Street as the S&P 500 and Nasdaq Composite saw their worst days since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. Meanwhile, Tesla shares declined 12.3% — their worst day since 2020 — on weaker-than-expected results and a 7% year-over-year drop in auto revenue. Over in Asia, investors will assess South Korea's advance second-quarter GDP numbers, which came in slightly below expectations. South Korea's GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.

Persons: — Organizations: Nasdaq, Dow Jones, Tech, Nvidia, Meta, Reuters Locations: Seoul . Asia, Pacific, Asia

☆ Salary transparency gains steam in Asia as young people share their salaries online
▼ + stars: | 2024-07-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

The top driver for pay transparency practices in Asia is "regulation and compliance" (72%) according to a 2024 report by Aon. Currently, the top driver of pay transparency practices in Asia is "regulation and compliance" (72%) according to the report. Jashani is just one of the many young people in Asia who are working on increasing pay transparency in the region. I think our role to advocate for pay transparency is actually [done] through conversation. "I think our role to advocate for pay transparency is actually [done] through conversation," she said.

Persons: Peter Zhang, Zhang, Jashani, I'm, Davekhaw, they'll, Prestine, Aon's Zhang, Peter Zhang Head Organizations: Aon, CNBC, Employers Locations: Asia, United States, California, New York, millennials, Singapore, Instagram, Malaysia, Malay

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