economy

Thuli Madonsela pushes back against Mbalula's call for spaza shop shutdown, sparking debate on health and economy




economy

The Singles' Day shopping festival loses its shine under China's lagging economy

HONG KONG — Merchants and consumers alike found the Singles' Day shopping festival Monday less shiny than in years past as e-commerce firms look abroad for growth. The annual event named by the numeric form of its Nov. 11 date was started by e-commerce platform Alibaba, which offered attractive discounts to entice shoppers to spend big. The extravaganza has since expanded to other platforms like JD.com and Pinduoduo in China as well as abroad. While Singles’ Day was previously a one-day event, shopping platforms in China now kickstart the festival weeks ahead to drum up sales volume. The festival has also traditionally been regarded as a barometer of consumer sentiment. But amid China’s lagging domestic economy, dragged down by a real estate crisis and deflationary pressures, consumers no longer go all out on purchases during the shopping extravaganza. “I only spent a few hundred yuan on daily necessities,” said Wang Haihua, who owns a fitness center in Beijing. Wang said that the prices offered on e-commerce platforms during Singles’ Day are not necessarily cheaper than usual. “They’re all tricks and we’ve seen through it over the years,” she said. Zhang Jiewei, a 34-year-old who runs a barber shop in Xi’an city, echoed Wang’s sentiments, saying that he no longer trust Singles’ Day promotions as some merchants tend to raise the usual price of a product before offering a discount, giving consumers the illusion they are getting a deal. “I used to buy a lot two or three years ago and I even purchased a mobile phone (during Singles’ Day),” he said. “I stopped doing that following the pandemic because of less income. I am not going to buy anything this year,” Zhang added. Some experts say that Beijing’s recent stimulus measures have had little impact to boost consumer confidence. “People are not interested in spending and are cutting back on big-ticket items,” said Shaun Rein, founder and managing director of China Market Research Group in Shanghai. “Since October 2022, the weak economy means that everything has been on discount year-round, 11.11 is not going to bring in more discounts that the month before.” Rein said he expects low growth for the Singles’ Day shopping festival as consumers tighten their spending in anticipation of difficult economic times ahead. Categories such as sportswear and fitness, however, have been doing well as customers “trade down a Gucci bag for Lululemon sportswear,” he said. Platforms like JD.com and Alibaba, which operates e-commerce platforms Taobao and Tmall, previously used to publish the value of transactions made during the festival, but have since stopped revealing the total figure. While yearly growth used to be in the double digits, estimates of recent figures have dwindled to low single-digit growth. Syntun, a data provider, estimated that last year’s gross merchandising volume sales across major e-commerce platforms grew just 2% to $156.40 billion, a far cry from double-digit growth before COVID-19. Merchants who typically take part in the Singles’ Day shopping festivals say the costs of participation no longer pay off, amid high advertising fees and unsatisfactory sales. Zhao Gao, who owns a garment factory in eastern Zhejiang province, said that after paying advertising costs to e-commerce platforms he would only break even after sales. “The platforms have so many rules for promotions and customers have become more skeptical,” he said. “As a merchant, I no longer participate in the Singles’ Day promotions.” Another merchant, Du Baonian who runs a food company processing mutton in Inner Mongolia, said that overall sales in the past year have fallen 15% as consumers downgraded and reduced consumption. Du said that while he still takes part in the Singles’ Day promotions, the higher expenses do not typically generate returns because of sluggish sales. “We are seeing shrinking revenue, but advertisement on the platform can help us to maintain our leading sales position,” he said, adding that he was considering advertising on more e-commerce platforms to target more consumers. Meanwhile, e-commerce platforms grappling with a slowing domestic market have also turned to overseas markets to seek new growth, offering promotions like global free shipping and allowing merchants to sell globally with ease. Alibaba, for example, said in a blog post on its Alizila site that some 70,000 merchants saw sales double with global free shipping. In markets like Singapore and Hong Kong, new customers also doubled, Alibaba said.




economy

Township economy is evolving : taking ‘spaza’ out of spaza shops




economy

Jordan's Energy Policy Key to Its Economy

With Syria in crisis and Egypt in flux, Jordan is being forced to adopt energy policies that put the country on a path to sustainable development.




economy

Books: The Political Economy of Health Care: Where the NHS Came From and Where it Could Lead





economy

Only one man can save us from Ed Miliband before he wrecks UK economy



Chancellor Rachel Reeves has torpedoed the UK's economic recovery with her tax-and-spend Budget but Ed Miliband is the one who worries me.




economy

'It's the Economy, Stupid.' Dems Chose Just To Be Stupid

The election is over and the economy had a huge impact. An AP analysis said 96% of those surveyed admitted that prices of gas and groceries had an influence on their vote.




economy

Lockout at Port of Montreal could be 'catastrophic' for economy, port authority says

A lockout at the Port of Montreal began Sunday night. The CEO of the Montreal Port Authority says if the dispute between dockworkers and the Maritime Employers Association drags on, it will have disastrous consequences for the economy.



  • News/Canada/Montreal

economy

The Startup Economy is Turbulent. Here’s How Founders Can Recognize and Avoid Common Pitfalls

While startups in highly regulated industries like healthcare and finance are almost certain to face heightened scrutiny, there are controllable factors that can offset these challenges.

The post The Startup Economy is Turbulent. Here’s How Founders Can Recognize and Avoid Common Pitfalls appeared first on MedCity News.




economy

If We Develop Africa's Bioeconomy It Will Be as Transformative for Us as Digital Has Been

"Unlike the digital revolution that relied on pre-existing technologies, the new bioeconomy will involve more local research, teaching and commercialization. This will require greater involvement of local universities, especially those with an entrepreneurial inclination."






economy

were going to fix the economy

Today on Toothpaste For Dinner: were going to fix the economy


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economy

Budget boost to UK economy forecast to fade after two years

The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.




economy

Tax-News.com: UK Eyeing VAT Rule Changes For Sharing Economy

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy.





economy

A Circular Bioeconomy Innovation Hub takes form in Ghana

To mitigate the negative effects of urbanization on resource use and environmental pollution, 15 key actors in the waste-sanitation-agriculture interface joined efforts to set up a Circular Bioeconomy Innovation Hub in Ghana.

The post A Circular Bioeconomy Innovation Hub takes form in Ghana first appeared on International Water Management Institute (IWMI).




economy

The sanitation circular economy - rhetoric vs. reality

IWMI researchers call for a sanitation circular and solidarity economy which explores innovative economic solutions for the most basic of human needs in ways that are wired for inclusivity.

The post The sanitation circular economy - rhetoric vs. reality first appeared on International Water Management Institute (IWMI).




economy

Local economy, Local Investment Solutions with Geospacial Economic Modelling - 25 Jun

Unique granular modelling of over 2,000 locations across Australia uncover how fragmented and concentrated our economy is.




economy

Tax Reform key in low growth economy - 17 Nov

Major tax reform is the most sensible lever to pull to combat a projected $48 billion in lost revenue in our new low growth economy.




economy

Company Tax Cuts Help The Economy and Real Incomes Grow - 24 Nov

If the company tax rate was reduced from 30 to 25 per cent over the next five years gross domestic product (GDP) would grow $291 billion and income tax revenues would generate $4 billion up to the year 2025, PwC modelling released today shows.




economy

Plebiscite could cost Australian economy $525 million - 14 Mar

A standalone plebiscite with a compulsory vote on marriage equality could cost the Australian economy $525 million according to modelling released by PwC Australia today.




economy

UK revives plan to reform data protection rules with an eye on boosting the economy

A new data bill from the U.K. Department for Science, Innovation and Technology (DSIT) aims to revive several measures that failed to pass under the prior government, while rowing back on some controversial post-Brexit reforms proposed by conservative ministers. The government reckons the “Data (Use and Access) Bill” (DUA) stands to boost the U.K. economy […]

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economy

Rural economy and tribal society in islamic Egypt : a study of Al-Nābulusī's villages of the Fayyum [Electronic book] / by Yossef Rapoport.

Turnhout, Belgium : Brepols Publishers, [2018]




economy

Legacy : how to build the sustainable economy [Electronic book] / Dieter Helm, University of Oxford.

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2024.




economy

Globalisation contested : An international political economy of work [Electronic book] / Louise Amoore.

Manchester : Manchester University Press, [2018]




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Building a peace economy? : Liberal peacebuilding and the development-security industry [Electronic book] / Jenny H. Peterson.

Manchester : Manchester University Press, [2018]




economy

The circular economy of water across the six continents

Chem. Soc. Rev., 2024, Advance Article
DOI: 10.1039/D3CS00812F, Tutorial Review
Open Access
  This article is licensed under a Creative Commons Attribution 3.0 Unported Licence.
Mohammad Peydayesh, Raffaele Mezzenga
Water is our most valuable and precious resource, yet it is only available in a limited amount.
To cite this article before page numbers are assigned, use the DOI form of citation above.
The content of this RSS Feed (c) The Royal Society of Chemistry




economy

Formula 4 race: organisers expect event to boost Chennai’s economy

A report on the economic impact of the race on the city will be submitted after a month, says Abhinandan B., co-founder, Racing Promotions Private Limited; the aim is to put Chennai on a global map, and boost its profileJ. Meghanatha Reddy, Member Secretary, SDAT




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Toward environmentally favorable nano-sensing by production of reusable gold nanoparticles from gold nano-waste: life cycle and nanocircular economy implications

Environ. Sci.: Nano, 2024, 11,1499-1507
DOI: 10.1039/D3EN00505D, Paper
Open Access
  This article is licensed under a Creative Commons Attribution 3.0 Unported Licence.
Seju Kang, Asifur Rahman, Sean McGinnis, Peter Vikesland
This study aids in the identification of environmentally friendly and sustainable applications of gold nanoparticles.
The content of this RSS Feed (c) The Royal Society of Chemistry




economy

India to become $10-trillion economy by 2035, forecasts CEBR

Its latest edition of the report released on Monday also warned that the world is moving toward recession




economy

Indian economy is confronting strong global headwinds: RBI

Declining tendency in GNPAs ratio is likely to continue




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Indian economy to exceed growth estimates after strong Q2 beat: economists

Indian economy grew 7.6% in Q2FY24




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K'taka's economy outpaces national growth despite global headwinds: CM Siddaramaiah�




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The first modern economy : success, failure, and perseverance of the Dutch economy, 1500-1815 / Jan De Vries, Ad van der Woude.

Cambridge : Cambridge University Press, 1997.




economy

Ageing & The Economy | The Future of Ageing | WIRED

"Let's say you are able to celebrate your 100th birthday, you're able to go to all the countries you've always wanted to go to, you're able to do it on your own two feet, and see your great grandchildren grow up, who wouldn't want that?" In the final episode of Wired UK's four-part documentary series, we explore the negative narrative and language surrounding ageing in the media and public policy, and why this must change. Subscribe to WIRED UK ► https://www.youtube.com/wireduk?sub_confirmation=1 Visit the WIRED website ► https://www.wired.co.uk Subscribe to WIRED Magazine ► https://www.wired.co.uk/subscribe Sign up for one or more of our WIRED newsletters: https://www.wired.co.uk/newsletters CONNECT WITH WIRED Facebook: https://www.facebook.com/wireduk Instagram: https://www.instagram.com/wireduk Twitter: https://twitter.com/wireduk LinkedIn: https://www.linkedin.com/company/wired-uk ABOUT WIRED WIRED brings you the future as it happens - the people, the trends, the big ideas that will change our lives. An award-winning printed monthly and online publication. WIRED is an agenda-setting magazine offering brain food on a wide range of topics, from science, technology and business to pop-culture and politics.




economy

A Circular Economy Means Track and Trace Transparency | WIRED Partnership

Learn more about how digital intelligence is the key to ‘regenerative retail’: https://www.wired.co.uk/bc/article/circular-economy-track-trace-transparency




economy

Why Billionaires Are Actually Ruining the Economy

60% of Americans polled think billionaires like Elon Musk are good for the economy, but the economic data reveals something very different. "These people become a black hole for the economy," says economist Gary Stevenson. WIRED spoke with Gary as well as Princeton economist Atif Mian to debunk some commonly held beliefs about this nation's ultra rich. Director: Lisandro Perez-Rey Director of Photography: Cole Evelev Editor: Chris Davies Experts: Atif Mian and Gary Stevenson Line Producer: Joseph Buscemi Associate Producer: Samantha Vélez Production Manager: Eric Martinez Production Coordinator: Fernando Davila Post Production Supervisor: Alexa Deutsch Post Production Coordinator: Ian Bryant Supervising Editor: Doug Larsen Assistant Editor: Justin Symonds




economy

The Future of the Creative Economy | WIRED Brand Lab

Produced by WIRED Brand Lab with the UK Department for Business & Trade | Learn more about the UK companies revolutionizing the metaverse, AI, and more.




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Zeenat’s Mantras, women in advertising and the Awe Economy

Day two of advertising festival Goafest, saw Zeenat Aman share how she adapted to the mobile screen, the industry debating gender stereotyping in ads and more




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World economy: Out of control

As fears of inflation recede, the prospect of a medium-term slowdown in the global economy looms



  • C P Chandrasekhar & Jayati Ghosh

economy

Govt. considering cap on maximum economy air fare




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Powering up to get to the $30-trillion economy point

India must aim for rapid economic growth using liberal policies that tap the private sector; it should not be affected by criticism of income inequality




economy

Welfare and Political Economy Aspects of a Central Bank Digital Currency [electronic journal].




economy

Structural change in the Chinese economy and changing trade relations with the world [electronic journal].




economy

Stock Market Wealth and the Real Economy: A Local Labor Market Approach [electronic journal].

National Bureau of Economic Research




economy

The Short Rate Disconnect in a Monetary Economy [electronic journal].

National Bureau of Economic Research




economy

Restarting the economy while saving lives under Covid-19 [electronic journal].




economy

Ramsey Taxation in the Global Economy [electronic journal].