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A number of foreign firms that once rushed into China to catch a rising tide are now retrenching. Last month, the beauty retailer Sephora, an arm of the French luxury group LVMH, announced that it was cutting jobs because of …
The ailing office market is headed for $1 trillion of losses, billionaire and Starwood Capital CEO Barry Sternlicht said. Per Bloomberg, Sternlicht said at the Global Alts conference in Miami Beach that US office properties, once a $3 trillion market, are worth …
Wow China 🇨🇳 pic.twitter.com/GoChZbeQhP — Win Smart, CFA (@WinfieldSmart) September 22, 2023 Bankers’ 40% pay cuts show the China dream fading in its richest cities. Eurozone 🇪🇺 Consumer Confidence pic.twitter.com/q5ulxiPiu1 — Win Smart, CFA (@WinfieldSmart) September 22, 2023 Total household …