Date Posted: 2024-08-29 11:59:59
Summary
Germany tightens security and asylum policies after deadly festival stabbing. Chinese outbound travel recovery lags due to costs, visa snags. Two Republicans want Pentagon to add Chinese battery maker CATL to restricted list. Stocks fall, Nvidia down 3% after the bell despite strong earnings. Chinese outbound travel recovery lags due to costs, visa snags. Chinese people took 87 million trips abroad last year, down 40% from pre-COVID 2019. China's travellers spent 24% less last year than in 2019, while U.S. spending was up 14%. China's international travel might not recover to pre-pandemic levels for another five years. The devaluation of the Chinese yuan combined with inflation in the U.S. and Europe is a double blow. Chinese travellers again the world’s top spenders on international tourism last year. Australia's top source of tourists before COVID, China is now number four. Chinese travellers to France, the most visited country in the world, have reached only 28.5% of 2019 levels. Countries with visa-free policies have received strong growth in Chinese visitors. Russia's Investigative Committee said on Thursday it had opened a fraud case against Pavel Popov, a former deputy defence minister. The case is the latest of a string of corruption probes of officials tied to ex-defence minister Sergei Shoigu. China will not impose anti-dumping measures on EU brandy, for now. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships.
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