billions

China pumping billions to infrastructure — but commodity markets muted

Yellow pylons work at a construction site in China. China’s new home prices in May fell for the second month this year, depressed by still fragile demand as widespread Covid-19 curbs dented already weak buyer confidence, suggesting more policy stimulus is needed to return the market to growth.Sheldon Cooper/SOPA Images | Lightrocket | Getty ImagesChina’s …

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Crypto is crashing but the tech behind it could save luxury brands billions

These losses can damage both profit and reputation — which is why some brands are now turning to tech to protect their products, brand value and consumers. Despite being competitors, luxury brand conglomerate LVMH (LVMHF) joined forces with Prada (PRDSY), and Cartier in April 2021 to establish the Aura Blockchain Consortium, a non-profit platform that …

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