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Posts tagged as EU

UK fashion brands battle for China’s growing market

Over the next week Shanghai Fashion Week will fill the city with models, designers and buyers. “They are sophisticated, well-travelled and demanding in quality and newness.”Pricing is also a concern. While wealth is rising, hefty import taxes drive the cost of Western luxury labels beyond the reach of many.”British fashion designers are still at a slightly higher price point,” WWD’s Mr Zhang says. He says while spending power is rising, Chinese consumers are not yet as willing to spend on designer clothes as they are on shoes and accessories.
The competitive threat from local talent is also mounting. There are big names like Angel Chen and Shushu/Tong, along with emerging designers like Caroline Hu and 8on8, all set to gain plenty of attention in Shanghai.”There are more and more upcoming Chinese designers taking the international stage,” says Pedder Group’s Ms Yu. “They give a fresh perspective.”

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Romania’s allies indignant at travel ban slapped on former anti-corruption chief

Laura Codruța Kövesi, the favourite to become the first-ever EU public prosecutor, has been indicted on charges of abusing her position while,The charges, brought by prosecutors at the controversial Special Section for the Investigation of Magistrates (which exists outside the jurisdiction of Romania’s independent prosecutor general, answering directly to the country’s justice minister, Tudorel Toader), have also been accompanied by a travel ban, meaning that she cannot travel abroad.
Ms Kövesi, who is enormously popular in Romania and widely respected across Europe, has also been forbidden from talking to the press about specifics of the case. She did, however, tell journalists: I guess that some people are so worried that I might get the EU prosecutors job that Im not allowed to speak to the media anymore, adding that, the indictment is a measure intended to silence me, to harass all of us in the judicial system who did our job.The news that Ms Kövesi had been formally charged brought immediate and indignant reaction from senior European and NATO officials.I am concerned by news that Laura Codruţa Kövesi has been placed under judicial control.

The European parliament stands by its candidate for European public prosecutor, said Antonio Tajani, the president of the European parliament.Manfred Weber, the European People’s Party candidate to succeed Jean-Claude Juncker as president of the European Commission, called the decision concerning and unacceptable.Ska Keller, co-president of the Green-European Free Alliance in the European parliament, was particularly critical of the Romanian government.It is extremely dubious and worrying what is happening in Romania right now, she said.The Romanian government has been attempting to block Laura Codruţa Kövesi from becoming European chief public prosecutor for a long time. Now, a newly formed judicial unit that is directly controlled by exactly this government accuses her of corruption.
Romania must guarantee an independent investigation and full transparency.Romanias NATO allies have also been quick to react.
Kevin Hamilton, the Canadian ambassador to Romania, Moldova and Bulgaria wrote on : “I am troubled by reports that Laura Kövesi has been placed under judicial control by the Romanian authorities, prohibited from leaving the country, and banned from speaking to the media.”View on

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Around 40% of travel apps are hard to use, and airline apps are slow to load – JD Power

A new large-scale consumer satisfaction survey from JD Power has revealed bad news for the travel industry. More than 12,000 users of airline, More than 12,000 users of airline, hotel, travel agent, and car rental apps found relatively low levels of satisfaction.Ease of use was particularly problematic NordVPNAs travel apps rapidly replace everything from boarding passes to car rental and hotel room keys, many such apps are falling short of user expectations, according to the J.D.
Power Inaugural U.S.Travel App Satisfaction Study, released today.Although travel apps can involve detailed information, and might be expected to struggle in terms of ease of use, the survey found that this didnt seem to be the reason they lagged behind financial apps.
Travel apps lag far behind customer financial apps in overall satisfaction. The average overall satisfaction score for Hotel, Online Travel Agent (OTA) and Rental Car apps is 849 (on a 1,000-point scale).Airline apps score lower (840). By contrast, overall user satisfaction scores for credit card apps (874) and retail banking apps (867) are substantially higher.
Both credit card and banking apps also have considerably higher levels of utilization.JD Power found that ease of use was the most important factor, and many airline and hotel apps are failing to live up to expectations there.Across all segments of travel apps, the key performance indicator (KPI) with the most influence on overall satisfaction is ease of use during travel. Hotel apps that users cite as “easy to use” score 130 points higher in overall satisfaction compared with apps that are perceived as more difficult to use.Among airline apps, that gap is 125 points. However, just 58% of hotel apps and 62% of airline apps currently achieve these levels.Unsurprisingly, the most-used apps are airline ones, as these have the highest utility value. They generally prompt you when check-in opens and allow you to add your boarding pass to the Wallet app, as well as alerting you to any delays to your flight.Of those who had any travel app installed, 90% included at least one airline app.The biggest complaint about airline apps was slow loading times.Airline apps have  the lowest performance in the industry when it comes to speed of screens loading during travel.

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Chinese vlogger Trevor James has fallen in love with Pakistani food

Trevor James is a Chinese video blogger who explores street food culture in different countries. After visiting Pakistan with his wife, he couldn’t stop posting about his love for the country.
“Pakistan is the land of hospitality!!! We’ve been here one week now and have fallen in love with the delicious food,” he wrote in a post.The couple’s first stop was at Monal restaurant in Islamabad which James described as “incredible.” They went to Waris Nihari in Lahore next. “Eating the BEST nihari I’ve ever tasted!!! The ultra rich beef stew at Waris nihari in the deep back lanes of Lahore is a life changing flavor you must try in your lifetimein heaven right now,” he posted on Food Ranger (their handle).

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Chinese shares slip over Fed dovish stance at next meet

Chinese shares edged lower on Tuesday as investors took profits after major stock indexes closed near 6-1/2 month highs in the previous session, but the downside was limited by the expectation that the U.S.
Image Credit: Pixabay investors took profits after major stock indexes closed near 6-1/2 month highs in the previous session, but the downside was limited by the expectation that the U.S. Federal Reserve would take a dovish stance at its meeting this week.At the midday break, the Shanghai Composite index was down 0.22 per cent at 3,089.50. China’s blue-chip CSI300 index was down 0.37 per cent. Both indexes closed near 6-1/2 month highs on Monday.
Hong Kong fell 0.46 per cent to 11,620.81, while the Hang Seng Index was down 0.25 per cent at 29,334.61. The smaller Shenzhen index was unchanged for the day and the start-up board ChiNext Composite index was higher by 0.12 per cent. Investors are looking to the Fed policy meeting to see whether policymakers have sufficiently lowered their interest rate forecasts to more closely align their “dot plot”, a diagram showing individual policymakers’ rate views for the next three years.
In contrast to broader market declines, nuclear power-related stocks surged after environmental impact assessments (EIA) for two nuclear power plant projects were submitted for approval to regulators on Monday, a vital stage in the resumption of China’s atomic energy programme after a three-year halt in new approvals. State-owned China National Nuclear Power jumped as much as 10 per cent to its highest since April 2018, before trimming gains.
It was last up 2.29 percent.Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.05 per cent, while Japan’s Nikkei index was down 0.16 per cent. The yuan was quoted at 6.7162 per U.S.dollar, 0.04 per cent weaker than the previous close of 6.7135. The largest percentage gainers on the main Shanghai Composite index were Lanzhou LS Heavy Equipment Co Ltd, up 10.09 per cent, followed by Hunan Chen Dian International Development Co Ltd, gaining 10.04 per cent, and Beijing Teamsun Technology Co Ltd, up by 10.04 per cent.CGN Power Co LtdChina Gas Holdings Ltd, which has fallen 4.44 per cent, Guangzhou Automobile Group Co Ltd, which has lost 2.8 per cent, and Shenzhou International Group Holdings Ltd, down by 2.6 per cent.In Hong Konggainer on the Hang Seng was Sino Biopharmaceutical Ltd, up 5.27 per cent, while the biggest loser was Shenzhou International Group Holdings Ltd, which was down 2.65 per cent.

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