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Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation expected to reach around 17.5 percent. A growing divide is visible everywhere: in households, in businesses and even in consumer habits. Our correspondents Serge Berberi and Renée Davis report.
European Union Chamber of Commerce in China President, Jens Eskelund, says a more unified European approach to China could reshape trade relations. He joined Paul Allen on Bloomberg’s Insight with Haslinda Amin to discuss EU-China trade tensions and the outlook for European businesses in China. (Source: Bloomberg)
In Payyoli town, 22 establishments, including 14 hotels and eight grocery shops, were inspected. Notices were issued to four shops where irregularities were detected
Vellore’s wholesale market, established in 1868, has grown from 200 shops to more than 700 permanent and 300 temporary shops; alongside its bustling trade, old businesses continue to survive
Hong Kong lawmakers have urged the government to widen the scope of a proposed statutory cooling-off law to cover more types of wellness market trends after the abrupt shutdown of the Hotstone Yoga chain, as claimed financial losses by customers rose to HK$3.9 million (US$497,030). Their calls followed the government’s commitment to introduce a bill in the Legislative Council in the first half of next year that would establish a statutory cooling-off period for prepaid fitness and beauty...
As Islamabad prepares for another opposition march, drivers and businesses are counting the cost of the barricades.