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Bleak Black Friday shopping season looms in the West: insiders

Black Friday, the traditional shopping carnival in the West, which falls on November 25 this year, is expected to meet headwinds in terms of sales amid the challenging spending environment in the US and Europe as persistent inflation and rising interest rates continue to bite purchasing power, businesses and experts said.
Wang Xin United States United Kingdom South Korea Bai Ming Zhu Qiucheng

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Global supply chain crisis flares up again where it all began

China’s stringent rules to curb COVID-19 are about to unleash another wave of summer chaos on supply chains between Asia, the US and Europe. Beijing’s zero-tolerance approach amid an escalating virus outbreak brings the pandemic full circle, more than two years after its emergence in Wuhan upended the global economy. Shipping congestion at Chinese ports, combined with Russia’s war in Ukraine, risks a one-two punch that threatens to derail the recovery, already buffeted by inflation pressur...
Hong Kong United Kingdom T Ai Pei United States Wang Xin Long Beach

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