The global spike in luxury handbags, shoes, and clothing sales could be coming to an end due in part to China's 'luxury shaming,' study finds

Tech Insider : Economy, Economy
luxury goods clothes shoes
Worldwide sales growth of luxury goods is expected to slow in 2024, per a Bain Consultancy report.

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Filipino soldiers had to use their bare hands to fight off Chinese coast guards with swords, a general said

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A photo from March 2024 showing a China coast guard vessel sailing near the Philippine military
A photo from March 2024 shows a China coast guard vessel sailing near the Philippine military chartered vessel Unaizah.

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Russian arms manufacturers are 'scrambling to expand their production capabilities using whatever they can get,' expert says

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Putin at a tank factory
Russia's President Vladimir Putin visits Uralvagonzavod, the country's main tank factory, in February 2024.

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The luxury conglomerate behind Cartier is beating LVMH at its own game

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Photo collage featuring a tag with the Richemont logo, jewelry from Cartier (Trinity ring and Love bracelet), and a Van Cleef Vintage Alhambra pendant
Richemont, the conglomerate that owns brands like Cartier and Van Cleef & Arpels, has been heating up the luxury space.

Richemont; Cartier; Van Cleef; Alyssa Powell/BI

The US military is 'alarmingly slow' at delivering new weapons, making it tougher to keep its edge against top threats, watchdog finds

Tech Insider : Technology
US Army soldiers fire the M777 howitzer at Fort Sill.
US Army soldiers fire the M777 howitzer at Fort Sill.

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Xi's claim that the US is trying to trick China into invading Taiwan is meant to divide the US and its allies: experts

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US President Joe Biden and Chinese leader Xi Jinping walking together in Woodside, California,
US President Joe Biden and Chinese leader Xi Jinping in Woodside, California, on November 15, 2023.

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China could soon have to choose between fueling the Ukraine war and its access to Europe's economy

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Xi, Putin
Russian President Vladimir Putin and China's Leader Xi Jinping on May 16, 2024, in Beijing.

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China now has 500 warheads and is building its nuclear arsenal faster than any other country, think tank says

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China's Dongfeng-41 nuclear missiles on display during a military parade on October 1, 2019.
China's Dongfeng-41 nuclear missiles on display during a military parade on October 1, 2019.

Xia Yifang/Xinhua News Agency via Getty Images

Plummeting fertility rates are making Asian countries worry about running out of soldiers

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The South Korean flag on army uniforms.
South Korea, which has the world's lowest fertility rate, has military conscription of at least 18 months.

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China's Xi accused the US of trying to trick him into invading Taiwan, but said he won't take the bait, report says

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Chinese leader Xi Jinping reviewing the honor guard at the Great Hall of the People in Beijing
China's leader, Xi Jinping, at the Great Hall of the People in Beijing in May.

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