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Revenge spending is trumping inflation in Indonesia

  Bloomberg Revenge spending is trumping inflation as Indonesians snap up batik clothes, footwear, and cosmetics post-pandemic, according to one of the nation’s biggest department store operators. Office and party wear — including the nation’s traditional batik attire typically used for formal occasions — are flying off the shelves as more Indonesians go out again, said PT Matahari Department Store ...

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UK airports to ditch luggage liquid rules

  Bloomberg Britain will set a June 2024 deadline for airports to upgrade security scanners so that liquids can be packed with hand luggage, ending the requirement for items such as sunscreen and shampoo to be presented at security gates in a separate plastic bag. The introduction of cutting-edge systems will both speed up checks and improve security by providing ...

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Chinese economy braces for more turmoil amid Covid wave

Bloomberg China’s economic activity weakened in November before the government abruptly dropped its Covid Zero policy, with a surge in infections in coming months likely to cause more turmoil and push policymakers to increase stimulus. Key data showed business and consumer activity slumped to their weakest levels since the Shanghai lockdown in the spring. Retail sales and home sales declined, ...

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