EU Slashes Eurozone Growth Forecast for 2024 📉
The EU has cut its eurozone growth forecast for 2024 from 1.2% to 0.8% due to a weak start to the year, but expects gradual economic acceleration ahead. 📉🌍
Business
Business news and videos about how money works, what companies do, how markets change, and more! 💸📈 We share special interviews and easy-to-understand looks at business so you can follow what’s happening in China’s economy and around the world.
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China’s Museum Boom: Spring Festival Sparks Cultural Craze 🎟️
China’s museums saw record Spring Festival visitors as cultural events and digital hype drew crowds. Chengdu expanded access to meet demand. 🏛️✨
UK Slips Into Recession as Economy Shrinks in Late 2023 📉🇬🇧
The UK economy entered a technical recession in late 2023 after consecutive quarterly contractions, per official data. 📉 #Economy
UK’s Economy Hits Recession in Late 2023 📉
Britain’s economy entered a recession in the second half of 2023, shrinking by 0.3% in the last quarter and 0.1% between July and September, official data shows.
🚢 China’s Exports Surge During Spring Festival Frenzy!
Despite Spring Festival holidays, Chinese ports like Yangshan are breaking records, pushing exports of EVs, tech, and essentials worldwide. 🌍📦
Hainan Duty-Free Sales Soar 🛍️ During Spring Festival Travel Rush
Hainan’s duty-free sales hit $169M in 4 days as Spring Festival travelers splash cash on luxury goods. 🌴🛍️
Miami Blooms as Top Valentine’s Flower Hub 🌹💘
Miami shines as the top U.S. gateway for Valentine’s Day flowers, fueling love stories with millions of imported blooms. 🌹
Thyssenkrupp Steel Giant Slashes 2024 Outlook Amid Q1 Loss 🔥📉
German steel giant Thyssenkrupp revises 2023/24 forecast after a €314M Q1 loss, citing economic headwinds and global competition. 🌍💼
Laos Launches New Foreign Currency System to Boost Economy 💸🌏
Laos introduces CMS to monitor foreign currency flows, stabilize economy, and boost trade by Feb 2024. 💼🌍
China Ties Could Boost London Stock Exchange 🌏💹
As TUI exits London, the stock exchange eyes Chinese partnerships to revive its global standing. Will this strategy pay off? 🌏💼