Categories
Finance

Luxury watch prices plummet on weak Chinese consumer confidence

The prices of second-hand luxury goods have fallen rapidly in China over recent months, as even the wealthy cut back on their discretionary spending and sell their Rolex watches and Hermès bags to raise cash. More than a dozen popular brands of luxury watches and bags have lost between 20 per cent and 50 per […]

Categories
US

As metaverse land prices plummet, Mark Cuban says buying digital land is ‘The dumbest sh*t ever’

Mark Cuban, the billionaire Dallas Mavericks owner and avid crypto enthusiast, is not sold on the metaverse. “The worst part is that people are buying real estate in these places. That’s just the dumbest shit ever,” he told the crypto-themed YouTube channel Altcoin Daily this past weekend. Cuban’s comments come as the hype surrounding the […]

Categories
World

Putin in crisis: Russia’s oil and gas revenues PLUMMET as sanctions finally pay off

Moscow’s additional oil and natural gas revenues fell below estimates, reaching 259 billion rubles (about £3.5 illion) in July, the Ministry of Finance of Russia reported Wednesday, adding that this is 74.7 billion rubles lower than projections. The estimate for August is 359 billion rubles (about £4.9 billion). The ministry announced that extra revenue from […]

Categories
World

Putin’s war fund ‘will plummet’ as China won’t help Russia in gas feud

Russia and Germany have come to blows this week after Moscow reduced its gas supply to Berlin. The Kremlin has claimed that problems with the Nord Stream pipeline led to the reduction in supply, but German Chancellor Olaf Scholz has dismissed this version of events. Moscow’s actions come amid ongoing tensions between Russia and the […]

Categories
Travel

Numbers of British tourists going to Ibiza plummet – but they still take the top spot

But while some may shun Ibiza for a somewhat easier destination, others are staying away from planes all together. With airport chaos, cancellations and flight delays becoming the norm, many couples, families and solo travellers are opting for staycations. Nevertheless, while numbers have dropped, UK travellers still occupy the top spot for visitors to Ibiza. […]

Categories
World

Oil price drop: Chevron CEO warns ‘risks remain skewed towards upside’ as prices plummet

Chevron CEO Michael Wirth issued a fresh oil warning after the price of crude fell below $100 (£84.26) per barrel. Prices have dropped partially due to fears of a recession and while concerns around crude demand continue to rise. Mr Wirth told CNBC’s Evolve Global Summit on Wednesday: “The tightness in supply hasn’t gone away.” […]

Categories
Business

Bed Bath & Beyond replaces CEO as retailer’s sales plummet

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond is replacing CEO Mark Tritton in a leadership shakeup after the retailer struggled through another quarter of declining sales and posted a steeper loss. The company said Wednesday that Sue Gove, an […]

Categories
US

Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet

A new report from Bank of America claims that the company has cut air conditioning in an effort to quickly lower expenses to make up for a slump in sales. Bed Bath & Beyond told CNN that any changes in store temperature guidelines did not come from corporate. “We’ve been contacted about this report, and […]

Categories
UK

Health News Roundup: Norway reports its first case of monkeypox; Cuba lifts mask mandate as vaccination rate soars and deaths plummet and more | Health

Following is a summary of current health news briefs. After two months, a scarred Shanghai’s COVID-19 lockdown ends Following two months of frustration, despair and economic loss, Shanghai’s draconian COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with fear that an outbreak could return. Most of Shanghai’s 25 million residents can now […]

Categories
UK

Norway salmon prices rebound past NOK 100 again, Scottish plummet

Norway salmon prices rebound past NOK 100 again, Scottish plummet Undercurrent News Source link