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The 15-piece collection includes five pairs of earrings, four necklaces, three rings, a bracelet and a jewelry watchChopard recently unveiled its latest Insofu Collection, a 15-piece high jewelry collection created from one 6,225-carat rough emerald unearthed in Zambia a few years ago. Following the release of the Garden of Kalahari Collection – born from a 342-carat rough diamond in 2017 – the story of the Insofu Collection began in 2022 in Paris, when Caroline Scheufele, Chopard’s visionary co-president and artistic director, unveiled the massive emerald.Awestruck, the miners named it Insofu, meaning “elephant” in the local Bemba language, a nod to…
Last week, China’s leaders made promises to support the China-Europe Railway Express – an overland freight link that has become a symbol of Beijing’s ambitious drive to recreate the ancient Silk Road.But the reality is that traffic along the intercontinental rail link has been declining for months, as a wave of Russian goods seizures causes logistics companies to lose confidence in the project, industry insiders said.“We have not dared to ship [goods via the railway] since November,” said Andrew Jiang, general manager of freight forwarding company Air Sea Transport in Shanghai.In October, Moscow banned a series of goods from being…
Attendees and recruiters at a City Career Fair hiring event in Sacramento, California, US, on Thursday, Feb. 27, 2025. David Paul Morris | Bloomberg | Getty ImagesJob openings increased in January, providing at least a momentary sign of stability as questions linger over labor market stability, the Bureau of Labor Statistics reported Tuesday.The Job Openings and Labor Turnover Survey showed that postings rose to 7.74 million on the month, up 232,000 from December and slightly ahead of the Dow Jones estimate for 7.6 million. The tally kept the ratio of openings to available workers around 1.1 to 1.Much of the gain…
More Americans fear missed paymentsHouseholds also grew more worried about being able to pay their bills, the New York Fed’s survey found. Respondents’ perceived likelihood of missing a minimum debt payment over the next three months rose to 14.6%, the highest level since April 2020, near the start of the Covid-19 pandemic.”The past few months have shown a resurgence in price increases in many food and energy products,” said Greg McBride, chief financial analyst at Bankrate.com. “Coupled with shelter costs that continue to increase faster than many workers’ wages, the pressure on household budgets is unrelenting.”Consumers are understandably worried about an economic…
The US dollar declined in European trade on Monday against a basket of major rivals, on track for the sixth loss in a row, about to plumb four-month lows amid concerns about US growth due to Trump’s trade policies. The US economy added less jobs than expected in February, bolstering the odds of a Fed rate cut during the first half of the year, with traders now waiting for US inflation data this week to gather more clues. The Index The dollar index fell 0.35% today to 103.56, with a session-high at 104.03. On Friday, the…
Emirates NBD is one of the UAE’s most visible and popular banks. It started operations in 1963 with the establishment of the National Bank of Dubai (NBD), the first national bank of the UAE. Today, it has grown to serve over nine million active customers across 13 countries, employs more than 30,000 people, and is one of the country’s most diversified employers, with staff from over 90 nationalities.Overview of Emirates NBDEmirates NBD Group is a leading financial services brand in the MENAT region. It has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United…
The pioneering initiative will integrate cutting-edge drone technology into large-scale immersive storytellingThe Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) announced today a strategic partnership with Colorado-based Nova Sky Stories and Abu Dhabi-headquartered Analog, an Emirati company specializing in physical intelligence and mixed reality.The agreement was signed in the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.Region’s first-of-its-kind initiativeUnder this multi-year partnership, DCT Abu Dhabi will introduce the world’s most advanced fleet of 10,000 light-show drones, a first-of-its-kind initiative in…
India has “absolutely no interest” in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi’s foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a “source of international economic stability”.His comments followed repeated warnings from US President Donald Trump against any efforts by Brics – an acronym of founding nations Brazil, Russia, India, China and South Africa – to set up a…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.1. Why was China’s No 3 official Zhao Leji missing at the end of ‘two sessions’?Zhao Leji, the third most senior official in China’s ruling Communist Party and chairman of the National People’s Congress (NPC) Standing Committee, was absent from the closing of the country’s top legislature on Tuesday.2. Why China’s energy supply is ‘secure’ amid Trump’s ‘drill, baby, drill’ pushChina has consolidated its energy security through a targeted strategy of diversifying imports, and US President…
My top 10 things to watch Tuesday, March 11 1. Wall Street is on track for a muted open today after a brutal sell-off yesterday that was fueled by growing recession concerns. President Donald Trump, whose tariffs are creating uncertainty for businesses and investors, has said he “can’t really watch the stock market” while implementing his policies. 2. Delta cuts its first-quarter earnings outlook so dramatically that I wonder if the resilient travel theme is finally busted over uncertainty. The airline now expects to earn 30 cents to 50 cents a share instead of 70 cents to $1. A pair…