China’s deepening economic slowdown is reshaping domestic consumption for high-end handbags and humble burgers. Recent earnings releases point to stronger sales for prestige beauty brands like Estée Lauder, while companies such as LVMH reported largely flat demand for traditional luxury staples like handbags. The shift reflects the tastes of a ...
Day: August 19, 2026
China’s ‘physical AI’ takes center stageChina’s ‘physical AI’ takes center stage
The World Robot Conference kicks off in Beijing on Wednesday coinciding with humanoid maker Unitree going public in Shanghai, as the world faces a new “China shock” from advanced AI technology, experts said. While earlier economic disruption to the West centered around traditional manufacturing, Chinese policymakers are honing in on ...
US, Canada hold last-minute trade talksUS, Canada hold last-minute trade talks
Canadian Prime Minister Mark Carney spoke with US President Donald Trump on Monday, as Ottawa scrambles to avert new 50% tariffs that take effect at midnight on Wednesday. A deal to avoid the duties sits on Trump’s desk, Politico reported, but one sticking point is US tariffs on Canadian vehicles. ...
Meta hooked children on Facebook and Instagram, court hearsMeta hooked children on Facebook and Instagram, court hears
Meta argued social media addiction does not exist, as a trial stemming from a major lawsuit brought by US states got under way. ...
Three dead after family get into difficulty in seaThree dead after family get into difficulty in sea
A man, a woman and a teenage girl die and a younger girl is in a critical condition after swimming off the Sussex coast. ...
‘Everyone in for Christmas’ – Burnham unveils rough sleeping plan‘Everyone in for Christmas’ – Burnham unveils rough sleeping plan
Rough sleepers in England will be offered housing, in a move likened to the “Everyone In” initiative during the pandemic. ...