South Korea is known to have some of the world’s longest working hours. Based on data from the Organisation for Economic Co-operation and Development (OECD), the average South Korean worked 2,024 hours in 2017, which is around 300 hours more than people in neighbouring country Japan and 700 hours more than in Germany.
Joyce LAM.
http://www.mintel.com/blog/new-market-trends/whats-trending-south-korea-kicks-off-52-hour-maximum-workweek
8/21/2018
Europe’s slowdown leaves China’s exporters with another big gap to fill amid trade war with US
David Brown- says as the German economic spring appears to be winding down, and with Europe expected to have a hard landing, China should be looking less to exports.
With a market of 740 million consumers, Europe is an important destination for Chinese exports. A downturn in European demand for China’s goods could be bad timing for Beijing in the midst of its deepening trade war with America. The prospect of slower world trade, weaker global economic activity and the shadow descending over international equity markets compound the problem. Beijing needs a bold reflation plan to help soften the external blow while boosting the domestic economy. No time like the present to get those policy changes into gear.
https://www.scmp.com/author/david-brown
With a market of 740 million consumers, Europe is an important destination for Chinese exports. A downturn in European demand for China’s goods could be bad timing for Beijing in the midst of its deepening trade war with America. The prospect of slower world trade, weaker global economic activity and the shadow descending over international equity markets compound the problem. Beijing needs a bold reflation plan to help soften the external blow while boosting the domestic economy. No time like the present to get those policy changes into gear.
https://www.scmp.com/author/david-brown
Starbucks, Costa take on the challenge of growing the coffee business in China, the traditional land of tea
According to a 2017 report by market intelligence consultancy Mintel, China’s coffee shop market is set to grow at a compound annual rate of 5.7 per cent in the next five years, reaching 79.4 billion yuan (US$11.6 billion) by 2022, up from 60.2 billion yuan last year, with booming markets in first- and second-tier cities the main drivers for coffee shop chains.
Starbucks has been in China since 1999 and now has 3,400 stores in the country. Chief executive Kevin Johnson has repeatedly said that China would become the firm’s biggest market within a decade.
Inflation approaches 1 million percent. The minimum wage will rise 3,500%.Venezuela...
The nation’s currency — the bolivar — will be devalued, sales taxes increased and minimum wages hiked more than 3,500%, drastic adjustments that President Nicolas Maduro said he hoped would jump-start the economy.
Critics, though, predicted the worst, saying the measures are bound to fail because of rampant corruption in the country, low productivity and crippling U.S. sanctions. Business owners said they can’t possibly afford the 3,670% increase in minimum wages that Maduro requested, and trade groups immediately called for a nationwide strike Tuesday to protest the measures.
What Are the Top U.S. Imports?
What Are the Top U.S. Imports?
Computer and electronic products took the top spot in 2017 with $401 billion worth of goods imported. This category includes computer equipment, audio and visual equipment, and semiconductors and other components used to manufacture electronics. These types of goods are the top commodity imported by California, which is no surprise given the tech industry in Silicon Valley. Apple
iPhones, for instance, are manufactured in China, as are some Samsung phones and the Amazon Echo.
AMZN
Amazon.com Inc
1,876.71
-0.29%
Transportation equipment was the second largest commodity imported in the United States in 2017, clocking in at $385 billion. This category of goods includes car brands like Toyota.
Next on the list were chemicals, including fertilizers and pharmaceuticals, industrial and commercial machinery, and oil and gas.
Read more: What Are the Top U.S. Imports?
Investopedia https://www.investopedia.com/news/what-are-top-us-imports/#ixzz5On0x56Tt
Entrepreneur
An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures.
https://www.investopedia.com/
https://www.investopedia.com/
Which outfit looks best? AI set to give shoppers smart styling tips
AI (artificial intelligence) is reshaping the fashion industry, and in a crossover to retail, it’s set to change the shopping experience soon.
Hongkongers were privy to what this will mean in the fitting room when Alibaba Group – the owner of South China Morning Post – and US fashion brand Guess launched a pilot FashionAI concept shop at Hong Kong Polytechnic University (PolyU) in July. The initiative taps technologies ranging from machine learning to computer vision to “learn” from consumers, designers and fashion aficionados within the e-commerce ecosystem, which is also set up to spot fashion trends.
Apple may launch glasses in 2020, car in 2023, says analyst
Augmented reality, combining the digital and physical worlds through smartglasses, is going to become Apple’s next major user interface, he predicts, like how the iPhone introduced multi-touch touch screens.
https://www.scmp.com/author/business-insider
Can you avoid the crowds on the 4,004-passenger luxury ‘resort’ cruise ship Norwegian Bliss?
Is it possible to get away from a crowd of 4,004 passengers and 1,716 crew aboard a 994-foot (300 metres) cruise ship?
A cruise ship that boasts the longest (at 1,000 feet) electric go-kart racetrack at sea?
A veritable seagoing resort with an open-air laser tag course, themed as an abandoned space station.
An Aqua Park with two pools and two multi-storey water slides (one of which includes a free-fall followed by a loop overboard that will leave you – assuming your heart did not faint back there at the free-fall part – grinning uncontrollably for a good 90 minutes thereafter).
Ritz-Carlton’s luxury cruise liners are perfect for the ‘1 per centers’
No fewer than 33 places to eat, drink and dessert (yes, it is worth using as a verb here), including, perhaps most pleasantly unexpected for a high-seagoing vessel, a high-plains Texas smokehouse, called Q, where you can pass the sauces and listen to country music each night.
Rio Tinto’s 3.14-ct Argyle Alpha vivid pink diamond dazzles in 2018 Tender
British-Australian mining group Rio Tinto has unveiled the largest Vivid Pink diamond in the history of its Argyle Pink Diamonds Tender, launched in 1984.
The 3.14-ct polished emerald cut pink diamond, named Argyle Alpha, is the largest diamond of the 2018 Tender, which has been named “Magnificent Argyle”.
Got US$1.3m to splurge? This ultra-rare Rolex 'Paul Newman' Daytona could be yours
It’s not every day that a “lemon dial” Rolex Paul Newman Daytona comes on the market.
This particular Daytona 6264 is being sold by Xupes and has an estimated value of £1 million (US$1.3 million).
Xupes says this is just the fifth known example of its kind to come to market.https://www.scmp.com/author/business-insider
Luxury Apartment Sales Plummet in New York City..
Sales of such properties costing $5 million or more fell 31% in the first half of the year, pushing sellers to cut asking prices
Sales of the most expensive New York apartments fell sharply in the first half of the year, but many sellers have adjusted by cutting asking prices to make deals, brokers said.
“This is simply a market that is adjusting itself to chronic overpricing relative to buyers’ perception of value,” said Kirk Henckels, a broker and vice chairman of Stribling & Associates, a New York-based brokerage.
Worst Floods in a Century Lash Southern India...
More than 350 people have died and hundreds of thousands have lost their homes, according to the Associated Press, as weeks of torrential rain have caused massive flooding in the popular tourist state of Kerala.
EPA Head Signs Proposal to Undo Restrictions on Coal Plants
The Trump administration moved to overturn Obama-era environmental rules on power-plant emissions, a long-telegraphed action designed to help coal-burning plants compete with natural gas and other cleaner alternatives as a national energy source.
Tesla...
JPMorgan cuts Tesla target over lack of buyout funding
Analyst drops valuation to $195 a share on conclusion financing was not ‘secured’
Will Sony mirrorless cameras end Canon, Nikon’s digital duopoly?
The Alpha’s mirrorless design lets image sensors grab light faster and stay in focus using sophisticated software.
It is potentially a tectonic shift that gives Sony a chance to break the professional photography duopoly that Canon and Nikon have enjoyed since the days of 35mm(1.37-inch) film.
How to get a table at the world’s 5 best restaurants?
By the time you actually eat at one of the restaurants that were named in the World’s 50 Best Restaurants awards this year, it would be time for a new list. Some of these fine dining restaurants take bookings months in advance, but tables are snapped up faster than you can pronounce the restaurant’s name when they are released.
Top restaurant Osteria Francescana is booked out through September. Runner-up El Celler De Can Roca is fully booked for the next 11 months. We’re serious.
We break down the reservation terms for the top five restaurants for your convenience, because life is better spent poring over the menu months ahead of the actual meal.
Louis Vuitton x adidas ‘Eclipse’ NMD Hu puts other trainers in the shade
Luxury spin by customiser Ceeze bears the classic LV monogram design to create a one-of-a-kind sneaker, costing US$2,850
Galaxy Note 9’s camera is closest to world’s best – Google’s Pixel 2. Which do you Leica?
Test of image quality shows they are similar so it may depend on taste – and whether you favour Samsung’s variable aperture and 2x optical zoom lens
20 AUG 2018
Taylor Swift is worth over US$300 million – so how does she spend it?
The business savvy star, tipped to be a billionaire by the age of 30, has coastal mansions, splurges on lavish holidays, and is generous to her fans and friends
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A lakefront property in Lake Tahoe, Nevada, owned for more than two decades by the notorious businessman, pilot and director Howard Hughes,...
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by Dan Stone We’ve all heard about China’s incredible pace of development. Now, finally, we have a symbol of that runaway growth: por...
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The quantity of money circulating in an economy affects both micro and macroeconomic trends. At the micro level, a large supply of free and...
