Category: Bloomberg
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20231013
The K-Pop Mogul Behind BTS Is Building the Next BTS The band didn’t have a name yet, Bang said, but the project would be called The Debut: Dream Academy. Once formed, the group would be unique in a few ways. Hybe’s other bands have only Asian members and are all based in Korea, except for…
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20231010
Hamas Attack on Israel Puts Palestinian Issue in Spotlight The deadly attack on Israel by the Palestinian group Hamas not only marks the biggest Israeli intelligence failure in decades. It has shattered the idea that the Palestinian issue can be ignored. While in Israel there’s suspicion of an Iranian role in the assault, Western officials…
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20231009
The World Must Support Israel’s War Against Terror This murderous Palestinian assault deserves only one response from the world: outrage, and unwavering support for Israel’s right to defend itself. US President Joe Biden has rightly pledged to stand with Israel “full stop,” as has the European Union. Even as Israel takes the necessary military actions…
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20231007
Chanel Increases Prices in China as Concerns About Luxury Demand Mount Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years. Exclusive luxury brands are known to enjoy strong pricing power, meaning they can apply increases without necessarily losing customers.…
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20231004
India’s Growth Story May Not Have a Happy Ending The debt burden of Indians is also increasing. Household financial liabilities rose sharply to 5.8% of GDP in the last financial year. The ratio had stood at 3.8% the previous year. This is a problem. If a country does not save, it does not grow. It…
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20231002
Everyone Wants to Be Barbie for Halloween This Year Barbie is set to be the third-most-popular Halloween costume for adults, after witches and vampires, and among the top 10 for kids, according to The National Retail Federation. It’s never ranked in the top 10 for either age group since the NRF began asking consumers about…
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20230930
Video Game Competitions Should Be in the Olympics The hottest sports ticket in Asia-Pacific right now isn’t for a soccer match, an NBA exhibition game or even a swim meet. It’s for the medal event debut of competitive video gaming, or esports. The milestone moment is taking place at the quadrennial Asian Games — sometimes…
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20230928
US Won’t Have Any Pandas for the First Time in 50 Years The zoo’s three pandas are set to return to China by December with the expiration of a three-year agreement with China’s wildlife agency that month. It’s not just the US capital. The three other US zoos that have Chinese pandas — Atlanta, San…
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20230927
Peloton’s Last Remaining Co-Founder Is Leaving Cortese, who was a key lieutenant to Peloton’s current chief executive officer and his predecessor, will remain an adviser after stepping down Nov. 1. He said in a statement that “it is time to move on and create space for new perspectives.” In hiring someone with experience in software…
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20230924
Singapore Is Japan’s Top Property Investor in 2023, Report Says Singapore became the biggest investor in Japan’s real estate sector this year, lured by the yen’s weakness and growing demand in logistics and hospitality industries, according to Knight Frank LLP. Singapore’s sovereign wealth fund GIC Pte’s purchase of six warehouses in Japan from Blackstone Inc.…
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