Bloomberg Chinese demand for luxury goods is projected to grow as much as 30% this year as high-income mainland shoppers drive the country’s post-pandemic economic rebound. It’s the only bright spot for the luxury industry, which is otherwise poised to see worldwide spending shrink 45% in 2020 as Europe and the US continue to battle the coronavirus ahead of a ...

Bloomberg Chinese President Xi Jinping took a veiled swipe at the US in a strongly worded speech, saying no country should “be allowed to do whatever it likes and be the hegemon, bully or boss of the world.” Pushing for developing countries to have a greater role in world affairs, Xi said the United Nations could be “more balanced” and ...

Bloomberg Boris Johnson told Britons to work from home when possible and ordered restaurants to close early as he sought to stamp out a resurgence of coronavirus in the weeks ahead. Under the new measures for England, which are likely to last six months, face coverings will become mandatory for passengers travelling in taxis and workers in the hospitality and ...