Luxury sector eyes reopening of China

The gradual reopening of China – which abandoned the last of the travel restrictions of its zero-COVID policy on Jan 8 – should help its economy expand by 5.2 per cent in 2023, according to the International Monetary Fund’s latest forecast. With the restrictions having restrained consumption, the reopening ofContinue Reading

North Korea ICBM launch part of a ‘surprise drill’: KCNA

SEOUL: North Korea’s most recent intercontinental ballistic missile test, its first in seven weeks, was of a Hwasong-15 launched as part of a surprise drill, state media KCNA reported Sunday (Feb 19). The Saturday afternoon launch quickly received condemnation from South Korea, the United States and Japan – which said itContinue Reading