The global economy is experiencing “transitions on an epic scale”, the International Monetary Fund managing director said on Thursday, warning that turbulence in emerging markets could knock 0.5 to 1 percentage point off their growth. Christine Lagarde …

“The (federal) government shutdown is bad enough, but failure to raise the debt ceiling would be far worse, and could very seriously damage not only the U.S. economy, but the entire global economy,” she said. “So it is 'mission-critical' that this be …

The fire raised concern the popular luxury car — Tesla is selling all it can make — might have some sort of flaw with its lithium-ion battery system that could be costly to fix or would spook potential buyers. “While car fires … “Most of the …

Luxury packaging works best in the markets like Japan, Sweden, Finland and Norway. Not in India. When the packaging cost of a Rs 650 burger itself is all of Rs 300, there is something wrong in the fundamentals of consumption. Indian consumers are savvy …

In the past, Vertu was considered to be the pinnacle of what a phone could be, but under Nokia's lack of vision, the brand failed to adapt to the needs of customers and many Vertu customers ended up going for iPhones. Now that Vertu has severed …

Forty-six million consumers will book travel on a tablet in 2013, seven percent more than on mobile phones. User reviews hold substantial sway over leisure travel booking decisions. Sixty-seven percent of consumers ages 21-34 are significantly …

How can companies get beyond the “lingering angst” among consumers? Luxury brands should avoid an “emphasis on conspicuous consumption” and highlight product performance and artisanship. Millennials are important. Brands need to hook them now …

TIANJIN, CHINA–(Marketwired – Oct 3, 2013) – China Auto Logistics Inc. (the "Company" or "CALI") ( NASDAQ : CALI), a top seller in China of luxury imported automobiles, and a leading provider of auto-related services, reported today it received a …

The undisputable maker of mushroom jazz and kingpin of house music was asked to step off the decks after getting complaints from the table service crowd, who thought they were there to hear house music — commercial house music, that is. Rescue says he …