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HMV reopening raises revival hopes for London's Oxford Street
HMV reopening raises revival hopes for London's Oxford Street
Economy
by  AFP

British music retailer HMV returns to the iconic site of its former flagship store in central London on Friday, in a much-needed boost to the flagging fortunes of the capital's premier shopping street. The re-opening of the historic shop comes as authorities fight back against a wave of so-called American candy stores which have plagued central London since the pandemic.

Asian markets struggle, China property help in focus
Asian markets struggle, China property help in focus
Economy
by  AFP

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support. Investors are keeping tabs on China after authorities called on banks to provide help to the beleaguered property sector, which makes up a huge part of the world's number two economy.

US economic uncertainty means bigger 'Black Friday' discounts
US economic uncertainty means bigger 'Black Friday' discounts
Economy
by  AFP

The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday." The National Retail Federation (NRF) predicts more than 182 million consumers will shop in stores and online over the shopping weekend.

Venice to launch tourist tickets in 2024
Venice to launch tourist tickets in 2024
Economy
by  AFP

Venice announced on Thursday that it would introduce a fee for day tourists to enter the city's overcrowded historic centre on 29 days next year as it seeks to come to grips with overtourism. Day visitors will need to pay five euros ($5.45) to enter the city centre between 8:30 am to 4:00 pm during the peak tourist season from April 25 to May 5.