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☆ Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
▼ + stars: | 2024-11-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Lauren Decicca | Getty Images News | Getty ImagesThe personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis this year, as macroeconomic uncertainty and a pronounced slowdown in China weigh on consumer spending, according to the Bain & Company's annual luxury report . This is the first slowdown in demand for personal luxury goods — which include clothing, bags, jewelry and cosmetics — in 15 years, excluding the Covid-19 lockdown period, according to the Wednesday findings. It noted that overall luxury spending is forecast to remain flat year-on-year in 2024 at around 1.5 trillion euros ($1.59 billion), even as segments including autos, travel and fine wine record modest growth. Luxury demand in Europe and the U.S. has shown signs of gradual improvement quarter-on-quarter this year, with Japan leading the way due to favorable currency exchange rates. As such, the report forecast the sector will grow slightly next year, barring any major economic headwinds.

Persons: Patek Philippe, Lauren Decicca, Kering, Cartier, Richemont, Bain Organizations: Dolce, Gabbana, Tiffany, Getty, Bain, LVMH, Burberry, Gucci, Bain & Company, U.S Locations: Siam, Bangkok, Thailand, China, Europe, Japan

“It hurts, it’s tiring, it’s exhausting.”Of course, Janjaem is really good at boxing. At last year’s world championships, she won a silver medal in her welterweight division (66 kg, about 145 pounds). Even if she goes no further, Janjaem said, boxing has already saved her. Now 24, she has bought land and gold for her parents and a pickup truck for herself. Her older brother, by contrast, left school at 15 to work with their father, a truck driver.

Persons: Janjaem Suwannapheng, ”, Janjaem Organizations: Paris Olympics

☆ Thailand: Cyanide poisoning likely killed six found dead in Grand Hyatt Erawan hotel, including two US citizens, police say
▼ + stars: | 2024-07-17 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

The grisly discovery was made on Tuesday when staff at the five-star Grand Hyatt Erawan in the Thai capital entered the fifth-floor suite after the guests missed check out by more than 24 hours. Uneaten meals are left on a table in a suite at Bangkok's Grand Hyatt Erawan Hotel, where six people were found dead on July 16, 2024. Rescue teams arrive at the Grand Hyatt Erawan hotel in Bangkok on July 16, 2024. The Grand Hyatt hotel, where the deaths occurred, is located in a bustling tourist area in the heart of Bangkok that’s home to luxury shopping malls and restaurants. Next to the hotel is the Erawan shrine, a famous landmark popular with Buddhist, Hindu and Sikh communities and tourists.

Persons: Grand, Trairong Phiewphan, ” Trairong, Noppasin Poonsawat, “, Noppasin, ” Noppasin, Lauren DeCicca, Matthew Miller, Rangsiwuthaporn Organizations: Thailand CNN, Grand Hyatt Erawan, Police, Hyatt, Hotel, Royal Thai Police, Deputy Metropolitan Police, Rescue, Getty Images Police, US State Department, Reuters, Thai Locations: Bangkok, Thailand, Thai, Bangkok ”

☆ Apple wants to give the iPad a boost
▼ + stars: | 2024-05-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The tech giant's event will reportedly showcase a new family of… iPads and iPad accessories. But Apple's event , which kicks off at 10 a.m. EST, is looking to give the iPad a boost. iPhone sales have noticeably dipped, which is why you're hearing Apple tout its "services" business , writes BI's Peter Kafka. And the new product Apple wants you to be excited about — the Vision Pro — hasn't lived up to the hype. a16z joins the Big Tech "fake work" debate.

Persons: —, Tyler Le, they're, iPads, Antonio Villas, Boas, BI's Peter Kafka, Peter, hasn't, Katie Notopoulos, Wall, Lauren DeCicca, Tim Cook, Katie, aren't, I'd, we'll, I'm, Alyssa Powell, Danielle DiMartino Booth, James Devaney, Roger Kisby, Jack Dorsey's, Elon, Dorsey, Elon Musk, Satya Nadella, OpenAI, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Berkshire Hathaway, a16z, Emily Sundberg, Andreessen Horowitz, David Ulevitch, Vladimir Putin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Apple, Google, Getty, US Treasury, National Bureau of Economic Research, Images, Penske Media, Microsoft, Tech, Paramount, Berkshire, Big Tech, Walt Disney Company Locations: BREIT, New York, London

☆ Kim Aris: Aung San Suu Kyi’s son casts doubt on reports Myanmar former leader has been moved from prison
▼ + stars: | 2024-04-23 | by ( Helen Regan | ) edition.cnn.com time to read: +13 min

Drn/Getty Images Suu Kyi, front center, is seen with her parents and her two elder brothers in 1947. Kyodo News Stills/Getty Images Suu Kyi poses with Burmese comedian Par Par Lay, who was part of the pro-democracy act "The Moustache Brothers." Soe Than Win/AFP/Getty Images Suu Kyi meets US Secretary of State Hillary Clinton at Suu Kyi's residence in Yangon in 2011. Peter Muhly/AFP/Getty Images Suu Kyi is presented with the Congressional Gold Medal while visiting the US Capitol in 2012. U Aung/Xinhua News Agency/Getty Images Suu Kyi addresses the United Nations General Assembly in New York in 2016.

Persons: Aung, Suu, ”, Kim Aris, Suu Kyi, she’s, ” Aris, CNN’s Anna Coren, “, Michael Aris, ” “, Zaw Min Tun, Min Aung Hlaing, Aris, they’ve, Ma Khin Kyi, Par, Karl Malakunas, David Brunnstrom, Jonathan Karp, Price, Luis D'Orey, David Van Der Veen, Jonathan Utz, Michael Wolf, Pornchai Kittiwongsakul, Soe, Hillary Clinton, Paula Bronstein, Minzayar Oo, Kyi, Bono, Peter Muhly, Alex Wong, Barack Obama, Obama, Brendan Smialowski, Chris Ison, Ragnar Singsaas, Romeo Gacad, Lauren DeCicca, Lam Yik Fei, Htin Kyaw, Aung Naing, Min Aung, Aung Htet, Kyaw, Jewel SamadD, John Kerry, Jonathan Ernst, Reuters Suu Kyi, Heath Mitchell, Pope Francis, Elizabeth II, John Stillwell, Mike Pence, Bernat, Myanmar's, Koen Van Weel, ’ Aris, I’d, Suu Kyi’s NLD Organizations: CNN, Aung, National League for Democracy, Aris, Reuters, Burma Independence Army, Kyodo, Stills, Oxford University, Getty, Embassy, Suu Kyi, Panos, Congressional, Capitol, Suu, Xinhua News Agency, United Nations General Assembly, National Park Service, Palace, ASEAN, Court of Justice, Association for Political, United Nations Locations: Myanmar, Britain, Rangoon, Yangon, Myanmar’s, Zaw, heatstroke, Naypyidaw, India, Par Par Lay, England, AFP, Bangkok, Thailand, Bagan, Pathein, Camberley, Oslo, Norway, Kawhmu, New York, Washington ,, Washington, DC, Singapore, Gambia, “, Burma, doesn’t

☆ Why mango sticky rice is one of Thailand’s most beloved summer dishes
▼ + stars: | 2024-04-16 | by ( Karla Cripps | Kocha Olarn | ) edition.cnn.com time to read: +7 min

Better known to the rest of the world as mango sticky rice, it’s a deceptively simple dish. And few have perfected that balance as well as 63-year-old Varee Jeensuwan, the undeniable queen of mango sticky rice in Bangkok. In 2022, she performed at the Coachella music festival in California and ended her show by digging into a bowl of mango sticky rice. K Panich has been dishing out mango sticky rice since 1932. According to R-Haan co-owner/chef Chumpol Jangprai, there’s evidence suggesting mango sticky rice has been around since Thailand’s late Ayutthaya period (1351-1767), with references to the dish found in the centuries to follow.

Persons: Mae Varee, “, Bangkok's Mae Varee, Lauren DeCicca, Rong, ”, Nam Dok Mai, Chiang Rai, Milli, Panich, Pongpat, – it’s, Bib, Khun Nan, Mai, it’s, It’s, Haan, Chumpol Jangprai, Rama V’s Organizations: CNN, Bangkok CNN, Coachella, Haan Locations: Bangkok, Thailand, Bangkok’s, Thonglor, Mae, Bangkok's, province’s Bangkhla, Damnoen Saduak, Ratchaburi province, “, nieow, Thailand’s, Suratthani, China , Hong Kong, Singapore, Thai, California

☆ Songkran 2024: Celebrating Thailand’s annual New Year festival
▼ + stars: | 2024-04-05 | by ( Karla Cripps | ) edition.cnn.com time to read: +10 min

Bangkok, Thailand CNN —On the surface, Thailand’s annual Songkran festival appears to be just one great big water fight. Pipad Krajaejun, a history lecturer at Bangkok’s Thammasat University, says it’s difficult to pinpoint exactly when the water fights became such a key part of the festival. (We’ll share more on the water fights below.) Some towns limit the water fights to one day, so be sure to check ahead if you’re planning to join the battles. Soe Zeya Tun/ReutersAmong the highlights of the festival is the Maha Songkran Parade, which will happen on April 11.

Persons: Thailand CNN —, that’s, ”, Songkran, Boonserm Satraphai, Pipad, “, Soe Zeya Tun, University’s Pipad, Nam, Chalinee Thirasupa, MBK, Lauren DeCicca, John S Lander, it’s, CNN Travel’s Karla Cripps, she’s Organizations: CNN, Thailand CNN, UNESCO, Heritage, Bangkok’s Thammasat University, CNN Travel, ”, Thailand’s Tourism Authority, of, Reuters, Central Department, Thai Locations: Bangkok, Thailand, it’s, Chiang Mai, Thailand's, Khao San, Chiang, Old City, Pipad, Chiangmai, Thailand’s, Ratchadamnoen, Lanna, San

Bangkok, Thailand CNN —A teen suspected of shooting two people dead at an upscale shopping mall in Thailand has been charged with six counts including premeditated murder, police told CNN Wednesday. The 14-year-old boy was arrested on Tuesday shortly after the shooting rampage at the busy Siam Paragon mall in central Bangkok’s bustling commercial and tourist district. Thai Police General Torsak Sukvimol told reporters Tuesday the suspect “surrendered himself” after the shooting and still had ammunition when he was apprehended. Staff repair the glass doors of a furniture store where a 14-year-old suspect was apprehended after a shooting rampage in Bangkok. And the shooting of Chinese victims in downtown Bangkok may make some tourists think twice about traveling to Thailand.

Persons: Thailand CNN —, Kanchana Patarachoke, General Nakarin Sukhonthawit, ” Nakarin, Nakarin, Lauren DeCicca, ”, Torsak Sukvimol, “, Thanamorn Noonart, Thanamorn, ” Thanamorn, Bangkok’s Pathum, “ it’s, Jack Taylor, Torsak, Lillian Suwanrumpha, Thailand ”, Srettha Thavisin, ” Srettha, Srettha Organizations: Thailand CNN, CNN, Siam Paragon, Ministry of Foreign Affairs, Police, ” Police, Thai Police, Rajavithi Hospital, Video, Thai, Getty, Staff, Tourism Authority of, Survey, SAS, Institute for Health Metrics, University of Washington’s Locations: Bangkok, Thailand, Siam, Myanmar, Laos, Pathum Wan, Nakhon Ratchasima, Bangkok’s, Bangkok’s Pathum Wan, Thai, AFP, China, Southeast Asia, Tourism Authority of Thailand, Cambodia, Weibo, Switzerland, Philippines, Nong Bua Lamphu

☆ A $6 Billion China-Built Railway Is on the Move With a Vast New Network Down the Track
▼ + stars: | 2023-07-19 | by ( Feliz Solomon | Photographs Lauren Decicca For The Wall Street Journal | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ China’s Grand Vision for a Vast Rail Network Transforms a Neighboring Country
▼ + stars: | 2023-07-19 | by ( Feliz Solomon | Photos Lauren Decicca For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Thailand election: Campaign freebies may be a 'band-aid solution' with fiscal risks
▼ + stars: | 2023-05-09 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

A Thai protester with a sign calling for equal workers' rights and a fair election at a Labor Day rally in Bangkok in 2023. Experts widely agree that pro-democracy groups are expected to perform strongly in light of deep-seated discontent with the current military-affiliated administration. Contenders can be divided into two categories: parties that support the pro-military establishment and a pro-democracy camp of opposition factions. Few details have been provided about funding, worrying economists who say those policies would weigh on already stretched public finances after significant fiscal support during the pandemic. Only the Move Forward party has campaigned on changing the defamation law, while Pheu Thai previously said it will consider discussing it in Parliament.

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