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☆ China says visa-free travel policy has boosted tourism
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Dec 5 (Reuters) - China's foreign ministry said on Tuesday its visa-free travel policy has produced a clear effect, making things easier for travellers. "Going forward, the Ministry of Foreign Affairs will continue to adjust visa policies to create more favourable conditions and further facilitate cross-border travel," spokesperson Wang Wenbin told a press briefing when asked for an update on tourism after China announced the policy, which covers several European countries and Malaysia. Travellers walk past an installation in the shape of five stars, at Beijing Daxing International Airport in Beijing, China April 24, 2023. Germany's ambassador to China had expressed hope that China would extend the measures to all European Union members. Reporting by Andrew Hayley; Writing by Liz Lee and Bernard Orr; Editing by Tom Hogue and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Wenbin, Tingshu Wang, Wang, Andrew Hayley, Liz Lee, Bernard Orr, Tom Hogue Organizations: Ministry of Foreign Affairs, China, Beijing Daxing International, REUTERS, European Union, Thomson Locations: BEIJING, Malaysia, Beijing, China, France, Germany, Italy, Netherlands, Spain

LOS ANGELES (AP) — Ten of the best songs of the year, as determined by Associated Press Music Writer Maria Sherman, in no particular order. “Monaco,” Bad BunnyBad Bunny’s 2023 album, “Nadie Sabe Lo Que Va a Pasar Mañana,” is a reclamation of his past sound, the hard-hitting rap that preceded his mainstream superstardom. And it is part of the reason why his 2023 single and first No. “OMG,” NewJeansIn 2023, girl groups dominated the K-pop conversation. At the fore is NewJeans, with their Y2K-nostalgic sound that pulls from the turn of the millennium's R&B and pop music.

Persons: Maria Sherman, Victoria Monét Buckle, Victoria Monét, Ariana Grande, Chloe x Halle, Monét’s, doesn’t, “, ”, ” Miley Cyrus, Miley Cyrus ’, ” PinkPantheress, PinkPantheress, Leo ”, What’s, ” Zach Bryan, Zach Bryan, ” Paramore Long, Paramore, Hayley Williams, “ Rush, ” Troye Sivan, Sivan, Laura Les, Dylan Brady, NewJeans, ” Danny Brown Danny Organizations: ANGELES, Associated Press, Fifth Harmony, Bronx Locations: “, “ Monaco, Monaco, The Tennessee, Australian

☆ I did the Disney College Program. Here are 12 of my favorite things to do in the parks.
▼ + stars: | 2023-12-03 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +1 min

I worked at Disney World in Orlando, Florida, through the Disney College Program. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDuring my time working at Disney World via the Disney College Program, I had the privilege of hitting the parks on my days off. Although I no longer live in Florida, I still visit Disney World whenever I can. Here are my favorite things I always try to do when I'm there.

Persons: — Organizations: Disney, Disney College Program, Service Locations: Orlando , Florida, Florida

☆ These global stocks are forming the bullish 'golden cross' signal — and have risen every time in the past
▼ + stars: | 2023-11-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average. It comes at a time when the S & P 500 has rallied by nearly 10% from a recent low, and charting analysts expect to see the index rise further . The stocks below are about to signal the golden cross pattern. Canadian stock Descartes Systems rose 7% on average in the month after the golden cross. The stock's price action has shown the golden cross forming seven times over the past decade.

Persons: Kevin Krishnaratne, David Weiss, Shagun Singh, Michael Werner, Hayley Tam Organizations: CNBC, Descartes Systems, Stryker Corporation, Deutsche, Nasdaq, Scotiabank, Stryker, RBC, UBS, CNBC Pro Locations: Canadian, Finland, Denmark, Norway, Sweden, Singapore

☆ Billionaire heirs are getting richer than entrepreneurs as old money prevails amid IPO chill
▼ + stars: | 2023-11-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As for American billionaires, heirs reported an average net worth of $2.2 billion, topping billionaire entrepreneurs by $700 million. The uber-wealthy have many tools at their disposal to bestow more money to heirs and pay less to the government. AdvertisementThese dynasties will likely compound their riches with more heirs caring about wealth preservation than philanthropic impact, according to UBS's survey. A similar percentage of first-generation billionaires listed wealth preservation as a main goal, but a higher proportion (68%) also chose philanthropy.

Persons: —, It's, IPOs Organizations: UBS, Service, Forbes Locations: Swiss

☆ I was raised in Virginia but didn't appreciate it until I left. Here's what I miss most about my home state.
▼ + stars: | 2023-11-28 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +5 min

I was born and raised in Virginia but I didn't appreciate it enough until I left at 22. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These are a few of the things I miss most about living in Virginia. I was less than an hour's drive away from Washington, DCThere's a special place in my heart for Washington, DC. The state has endless opportunities for outdoor adventureIf you're the outdoorsy type, Virginia has just about everything you could hope for.

Persons: —, I've, Mount, Marc Guitard, Malachi Jacobs, Brian Balik, you'll, it's Organizations: Service, National Museum of, Marine Corps, Shenandoah, Travel Locations: Virginia, Washington, Northern Virginia, Charlotte , North Carolina, Mount Vernon, Colonial Williamsburg, DC, Charlotte, Shutterstock Virginia, Loudoun County, Middleburg

Firms like PetroChina (601857.SS) and CNOOC Gas and Power have signed long-term contracts with Shell (SHEL.L) to buy "carbon neutral" liquefied natural gas (LNG), which uses "forest offsets" to balance out carbon emissions. Greenpeace, which has long opposed fossil fuel producers counting carbon offsets toward their emissions reduction goals, said the "carbon neutral" branding was misleading the public. "For oil and gas companies in particular, carbon offsets are a smokescreen to obscure their continued, redoubled carbon emissions," said Li Jiatong, project leader with Greenpeace in Beijing. Rising sales of "carbon neutral" LNG are being driven by a surge in gas demand, particularly in Asia. While it is still a major source of greenhouse gas emissions, gas is cleaner than coal and has been described as a "bridge fuel" in the global energy transition, but anti-fossil fuel groups oppose any new gas projects.

Persons: Stringer, Li Jiatong, PetroChina, COP28, Polly Hemming, Hemming, David Stanway, Andrew Hayley, Emily Chow, Sonali Paul Organizations: REUTERS, Rights, Greenpeace, CNOOC, Power, Shell, International Energy Agency, Energy, Australia Institute, Thomson Locations: Nantong, Jiangsu province, China, Rights SINGAPORE, Beijing, Asia

☆ Rich parents aren't ready to let go of their wealth, but they want to save big on taxes. One neat trick: Stash it in a trust for your spouse.
▼ + stars: | 2023-11-26 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

A properly designed SLAT contains a spendthrift clause, which prevents heirs from using trust assets or future distributions as collateral. After using the beneficiary spouse's $10 million exemption, the estate-tax bill is $9.01 million. The heirs pay income tax on income from the trust, but no estate tax is incurred when the trust passes to the next generation . There are a few caveatsThe trust maker's spouse loses their de-facto access to the assets if the beneficiary spouse dies first. Several courts have ruled against the argument that trust assets are marital property and should be divided.

Persons: aren't, Dan Griffith, they're, Griffith, Robert Strauss, Weinstock Manion, Strauss, Dayal Organizations: Trump, Huntington Bank, Business Locations: guardrails, Ohio

☆ How SVB is helping clients sell wine, diamond jewelry, and wearable tech this holiday season
▼ + stars: | 2023-11-24 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

But despite SVB Private's elite clientele, the holiday gift guide isn't intended to make headlines for boasting extravagant items like the Neiman Marcus luxury wish list. Instead, the list highlights SVB clients, which is organized by vendor rather than category and includes quotes from each founder. SVB Private's gift guide includes Flanagan Wines, owned by client Eric Flanagan, pictured with his wife, Kit. During the pandemic, Gregory's 400-plus winery clients were struggling with restaurants closed and wine tastings off-limits. Flanagan has sold wine through SVB's monthly specials and appreciated getting brand awareness with SVB's rich tech clients.

Persons: SVB, Marcus, Eric Flanagan, Flanagan, They're, Greg Gregory, SVB's, Gregory, Jes Wolfe, Rebel, Jeanette Epps, Aileen Lee, Milo, Peter Celinski, Celinski, They've, I'd, I've Organizations: Bank, SVB, Business, First Citizens Bank, Silicon Valley Bank, Valley Bank Locations: Tahoe, Silicon, That's, Milo

☆ A 3-year cruise was called off less than 2 weeks before departure
▼ + stars: | 2023-11-24 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Life at Sea Cruises reportedly canceled its three-year voyage just two weeks before departure. Parent company Miray Cruises could not afford to buy the desired vessel, according to CNN. Miray Cruises planned to have successive three-year cruises and to allow passengers to pay extra to stay on board — potentially indefinitely. Life at Sea Cruises isn't the only residential cruise company navigating choppy waters. There is only one residential cruise ship in operation, The World, where condos sell for up to $15 million.

Persons: Miray, —, Vedat Ugurlu, Ugurlu, – Organizations: Sea Cruises, Miray, CNN, Service, Miray Cruises, Business, U.S . Bureau of Labor Statistics, Cruises Locations: Istanbul, Turkey

☆ Oil slips 1% on concerns over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. West Texas Intermediate crude slid 75 cents, or 1%, to $76.35 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed a ministerial meeting at which they were expected to discuss oil output cuts to Nov. 30. OPEC+ members Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday. "However, it may be more difficult to bridge the gap with Angola, which has been a moodier member of the producer group since it joined in 2007."

Persons: Angus Mordant, Helima Croft, Phil Flynn, Nia Williams, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman, Alexandra Hudson, Marguerita Choy, Jonathan Oatis Organizations: REUTERS, Brent, . U.S . West Texas, U.S, Organization of, Petroleum, Producers, Reuters, Capital Markets, Price Futures Group, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Nigeria, Saudi Arabia, Chicago, British Columbia, London, Houston, Beijing

☆ Oil slips 2% on growing angst over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Natalie Grover | ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. West Texas Intermediate crude slid $1.37, also about 1.4%, to $75.73 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting at which they were expected to discuss oil output cuts. Angola, Congo and Nigeria are seeking to raise their 2024 supply quotas above the provisional levels agreed at the June meeting of the OPEC+ producer group. The questions over OPEC+ supply come as data showed that U.S. crude stocks jumped by 8.7 million barrels last week, much more than the 1.16 million build analysts had expected.

Persons: Angus Mordant, Helima Croft, Tamas Varga, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman, Alexandra Hudson Organizations: REUTERS, Brent, . U.S . West Texas, Organization of, Petroleum, Producers, Capital Markets, Alexandra Hudson Our, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Congo, Nigeria, Saudi Arabia, London, Houston, Beijing

☆ Oil slips 1% on growing angst over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Natalie Grover | ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. West Texas Intermediate crude slid 86 cents, also about 1.1%, to $76.24 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting at which they were expected to discuss oil output cuts. Angola, Congo and Nigeria were seeking to raise their 2024 supply quotas above the provisional levels agreed at the June meeting of the OPEC+ producer group, analysts said. The questions over OPEC+ supply come as data showed that U.S. crude stocks jumped by 8.7 million barrels last week, much more than the 1.16 million build analysts had expected.

Persons: Angus Mordant, Helima Croft, Tamas Varga, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman Organizations: REUTERS, Brent, . U.S . West Texas, Organization of, Petroleum, Producers, Capital Markets, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Congo, Nigeria, Niger, Saudi Arabia, London, Houston, Beijing

☆ Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. In a surprise move, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting where they were expected to discuss oil output cuts. Producers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said. Analysts said that Angola, Congo and Nigeria were seeking to raise their 2024 supply quotas above the provisional levels agreed at the OPEC+ June meeting. U.S. oil rigs remained unchanged at 500 in the week to Nov. 22, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Wednesday.

Persons: Angus Mordant, Baker Hughes, Brent, Helima Croft, RBC's Croft, Arathy Somasekhar, Andrew Hayley, Sonali Paul, Muralikumar Organizations: REUTERS, OPEC, . U.S . West Texas, Trade, Organization of, Petroleum, Producers, RBC Capital Markets, ING Bank, U.S . Coast Guard, Thomson Locations: Loving County , Texas, U.S, ., United States, Russia, OPEC, Angola, Congo, Nigeria, Niger, Saudi Arabia, Gulf of Mexico, Houston, Beijing

OPEC and the IEA expect China's oil demand to show growth in 2023 of 7.6% and 12.1%, respectively. OPEC has dismissed fears of that demand growth for oil in China is fading, describing negative sentiment as "overblown" in a recent report. OPEC's forecasts show China accounting for 24.6% of global oil demand growth in the first half of 2024, according to Reuters calculations. Consultancies Wood Mackenzie, Rystad Energy and Energy Aspects respectively forecast China's first-half 2024 oil demand to grow by 3.7%, 4.0% and 4.4% versus the same period in 2023. Energy Aspects expects first-half diesel demand to be flat from a year earlier.

Persons: Aly, Consultancies Wood Mackenzie, Rystad, Lin Ye, Xia, Andrew Hayley, Simon Cameron, Moore Organizations: REUTERS, Rights, of Petroleum, International Energy Agency, OPEC, Rystad Energy, JET, Reuters Graphics Reuters, National Bureau of Statistics, Thomson Locations: Zhuhai, China, Rights BEIJING, OPEC, Russia, Beijing

☆ Plane tickets are finally cheaper right now. It won't last.
▼ + stars: | 2023-11-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

The price of plane tickets fell 13% from October 2022 to October 2023. But rising labor and fuel costs could lead to higher prices over the next year. AdvertisementFlight prices are much lower than they were a year ago, but the good news for travelers won't last forever. Between October 2021 and October 2022, airline fares increased by over 42% , according to the Bureau of Labor Statistics. AdvertisementUnfortunately for Americans, the clock is likely ticking on lower prices.

Persons: —, Hayley Berg, Hopper, Mike Arnot, Arnot, they're Organizations: Airlines, Service, Bureau of Labor Statistics, Travelers, Times Locations: Israel

Tesla CEO Elon Musk appeared to endorse an antisemitic conspiracy theory posted to X.Musk is now facing backlash from advertisers and investors. AdvertisementTesla CEO Elon Musk is under fire after he appeared to endorse an antisemitic conspiracy theory. I don't think he seeks it out, but I just think he does appreciate it for his brand, his name, you know," he said. At the Monterey, California, shopping center, the Tesla Model Y owner said Musk could impact his decision to buy another Tesla. But as he's gotten older, he's like, 'Hmm, I'm not so sure about that brand' — because of Elon Musk," he added.

Persons: Elon Musk, —, I'd, he's, Tesla, Elon, Rashed Mohammed, Mohammed, He's, — he's, It's, I've, I'm Organizations: Service, Tesla, Defamation League, Del, Brooklyn Museum, EV, Twitter Locations: New York, California, New York City, Monterey , California, Brooklyn

☆ Get ready for a blowout Black Friday
▼ + stars: | 2023-11-17 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +2 min

Black Friday and holiday sales might be bigger and better this year. Retailers may need to offer steeper discounts than last year to entice tepid shoppers to spend. AdvertisementGet ready for some killer sales on holiday goods. All of this could be adding up to a perfect storm for some blowout Black Friday and holiday sales. But the biggest winners of all in a blowout Black Friday, of course, would be shoppers.

Persons: — Organizations: Service, Walmart, Adobe Analytics, Target

☆ The billionaire's calendar
▼ + stars: | 2023-11-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

What the rest of us consider small talk at work, Gen Zers have rebranded as "corporate flirting." In today's big story, we're unpacking all the far-flung places and high-end events billionaires visit and attend throughout the year. But by early 2024, there will likely be more Gen Zers working full-time than baby boomers. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004.

Persons: —, Gen Zers, we're, it's, Madeline Berg, Madeline, there's, Laszlo Balogh, Tom Cooper, I'm, Hayley Cuccinello, Hayley, Marianne Ayala, Lelanie Foster, Ruzwana Bashir, Peek —, Bashir —, Tesla, Matt Harrison Clough, Miami —, Karol G, Edgar Barrera, Shakira, Starr Douglas, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Monaco, Sun, Getty, Business, Guinness, Records, Walmart Locations: Davos, London, America, Houston, Miami, Seville, Spain, Macy's, New York City, San Diego, New York

☆ Scoring Taylor Swift Tickets and setting up elephant processions: Private bankers dish on the ways they pamper ultra-rich clients
▼ + stars: | 2023-11-15 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

The ultra-rich can afford nearly anything, but that doesn't guarantee access, especially for sold-out games or limited-edition luxury items. Many clients are willing to pay top dollar for coveted Taylor Swift tickets but can't find them, and they have asked their advisors for help tracking them down. Many financial institutions prefer white-labeling, repackaging the services with the banks' branding, Gaby Stanley of Ten Lifestyle Group told Insider. The UK-based concierge clients include Coutts, HSBC, and Merrill Lynch. Private-bank advisors help each other out, according to Yates, who has hooked up out-of-state advisors' clients with Miami Heat tickets when they visit Florida.

Persons: Taylor Swift, Morgan Stanley's Valerie Wong Fountain, Morgan Stanley, Valerie Wong Fountain, Grace Yoon, Rockefeller, Yoon, Gaby Stanley, Coutts, Merrill Lynch, it's, Stanley, Paul Yates, Yates Organizations: Advisors, Business, Rockefeller Capital Management, Ten Lifestyle Group, HSBC, Michelin, Bank, Miami Super Bowl, Private, Miami Heat, Bank of America Locations: London, Japan, Fort Lauderdale, Florida

☆ Four killed in building collapse in China's Wenzhou city
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 12 (Reuters) - Four people were killed when a building collapsed in China's Wenzhou city, state media outlet CCTV reported on Sunday. The collapse occurred on Saturday during renovation of the building, and the casualties were all construction workers, CCTV reported, adding that continuous rain had hampered rescue work. The accident in the eastern city follows several similar incidents recently, including the collapse of a gym in heavy snow in the northeast province of Heilongjiang last week, which killed three. In July, 11 people were killed when the roof of a school gym caved in during intense rain, also in Heilongjiang province, drawing criticism by media. Authorities said construction materials illegally stacked on the roof may have caused the collapse, Xinhua reported.

Persons: Andrew Hayley, Ziyi Tang, Robert Birsel Organizations: Authorities, Xinhua, Weibo, Thomson Locations: BEIJING, China's Wenzhou, Heilongjiang, Heilongjiang province

☆ Four Killed in Building Collapse in China's Wenzhou City
▼ + stars: | 2023-11-11 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Four people were killed when a building collapsed in China's Wenzhou city, state media outlet CCTV reported on Sunday. The collapse occurred on Saturday during renovation of the building, and the casualties were all construction workers, CCTV reported, adding that continuous rain had hampered rescue work. The accident in the eastern city follows several similar incidents recently, including the collapse of a gym in heavy snow in the northeast province of Heilongjiang last week, which killed three. In July, 11 people were killed when the roof of a school gym caved in during intense rain, also in Heilongjiang province, drawing criticism by media. Authorities said construction materials illegally stacked on the roof may have caused the collapse, Xinhua reported.

Persons: Andrew Hayley, Ziyi Tang, Robert Birsel Organizations: Authorities, Xinhua, Weibo Locations: BEIJING, China's Wenzhou, Heilongjiang, Heilongjiang province

The capacity payments will be calculated based on fixed costs of 330 yuan ($45.25) per kilowatt per year for coal plants. Analysts said the move was important to ensure the financial viability of seldom-utilised, backup coal power, which is used for demand peaks or when renewable power generation is insufficient. However, observers also cautioned that the policy could risk entrenching inefficient coal power in China's energy system, despite its rapid expansion of renewable power generation capacity. "Capacity-based electricity pricing for coal power will further incentivise state-owned enterprises in China to build new coal power projects in the short term. Capacity payments should be for all power producers, not only for coal power," said Zhang Kai, deputy program director for Greenpeace East Asia in Beijing.

Persons: David Fishman, Xuewan Chen, Group's Fishman, Zhang Kai, Colleen Howe, Andrew Hayley, Edmund Klamann, Muralikumar Anantharaman, Kim Coghill Organizations: National Development, Reform Commission, Reuters, Analysts, Lantau, LSEG, Jinneng Holding, Power Co, Centre for Research, Energy, Clean, Greenpeace East, Thomson Locations: BEIJING, China, Shanghai, Beijing, Shanxi, Jiangxi Ganneng, Hunan, Greenpeace East Asia

China inflation data released on Thursday showed that October CPI fell 0.2% year on year, while PPI data fell 2.6% year on year. Earlier this week, customs data showed that China's total exports of goods and services contracted faster than expected, although the country's crude imports in October were robust. On the plus side for oil demand, China's central bank governor, Pan Gongsheng, said the country is expected to achieve its annual growth target of 5% for this year. U.S. crude oil inventories increased by 11.9 million barrels over the week to Nov. 3, sources said, citing American Petroleum Institute figures. The U.S. Energy Information Administration (EIA), however, has delayed release of weekly oil inventory data until Nov. 15 for a system upgrade.

Persons: Dun Jiao, Tatiana Meel, Brent, Pan Gongsheng, Andrew Hayley, Tom Hogue Organizations: REUTERS, Rights, PPI, Reuters, American Petroleum Institute, U.S . Energy Information Administration, Barclays, Thomson Locations: Nakhodka, Russia, Rights BEIJING, China, United States, Venezuela, American

☆ The ‘dupe’ trend hit travel in 2023. It's a good way to save on your next trip, experts say
▼ + stars: | 2023-11-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

For example, flight searches more than doubled for several "dupe" destinations internationally, according to Expedia data. watch nowLikewise, flight searches to the island Curaçao, a stand-in for St. Martin, were up 228% in the U.S. and 185% worldwide. "TikTok popularized the idea of dupes … and the concept is increasingly taking off in the world of travel," Expedia said in a report published Wednesday. Internet search traffic in the U.S. for travel dupes spiked throughout 2023, peaking in July, according to Google Trends data. It's more than just the flight priceHowever, Hopper flight data indicates that not all dupes will necessarily pay off for travelers.

Persons: Klaus Vedfelt, Martin, TikTok, dupes …, Expedia, Hayley Berg, Hopper, Ho, Jon Gieselman, dupes, Sara Rathner Organizations: Digitalvision, Getty, Sydney, Expedia Brands, Auckland , New Zealand — Locations: Taipei, Seoul, U.S, Pattaya, Thailand, Bangkok, St, Perth, Australia, Liverpool, England, London, Hanoi, Vietnam, Ho Chi Minh City, Spain, Tenerife, Canary Islands, Barcelona, Phuket, Europe, Sydney, Nadi, Fiji, Auckland , New Zealand

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