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Europe's bike industry hits bumps as cycling craze cools
Europe's bike industry hits bumps as cycling craze cools
Economy
by  AFP

At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded. - Discounts, bankruptcies - Buoyed by cycling's fast-paced growth during the pandemic and wanting to get ahead of any future supply chain snarls, many industry players increased their orders during the boom.

Passengers snub 'expensive' London-Paris Eurostar train for plane
Passengers snub 'expensive' London-Paris Eurostar train for plane
Economy
by  AFP

Many travellers are opting to take a plane rather than train between London and Paris despite climate concerns and the Eurostar rail service connecting the two capitals in just over two hours. Despite evidence of passengers choosing to fly for cost reasons, Eurostar said some seven million people still used its service between London and Paris last year.

Asian markets mostly up, Hong Kong boosted by Alibaba rally
Asian markets mostly up, Hong Kong boosted by Alibaba rally
Economy
by  AFP

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities. Other Hong Kong-listed tech firms rallied, including Tencent, JD.com and Netease.