Stocks of luxury goods in Europe have room to run up, but they get expensive

LONDON (Reuters) – Europe’s luxury companies, the region’s top stock market performers in 2023, may see more gains driven by a rebound in Chinese spending, but for some the sector is starting to look too expensive. The likes of French luxury giant, Louis Vuitton owner LVMH, and Swiss jewelry company Richemont (CFR.S)They benefited from the … Read more

China’s video game makers are coming in cold as crackdowns ease

HONG KONG (Reuters) – China’s end to a massive crackdown on the video game market is expected to revive the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Severe restrictions imposed by Beijing in 2021 have laid waste to the once thriving industry, … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in profits, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, which were much larger than the cuts Microsoft made last year, add to the … Read more