consumer confidence

China’s Singles Day sales could top 1 trillion yuan even as the economy cools | CNN Business

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China’s Singles Day sales could top 1 trillion yuan even as the economy cools | CNN Business

Hong Kong CNN Business  —  China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), will likely be no exception: Analysts expect it to rack up 1 trillion yuan ($140.8 … Read more

Government has to step up spending before it’s too late, says HUL Chairman Sanjiv Mehta

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MUMBAI: Hindustan Unilever Ltd (HUL) chairman Sanjiv Mehta said India needs to be “aggressive with spending” before it’s too late and called for interest rates to be slashed given the signs of urban distress that have emerged in the wake of the Covid-19 pandemic. “There is a curve of cost of doing and the cost … Read more