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The Business Times - Find latest business & financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific & global market news and more at The Business Times. Find latest business & financial news including analysis and opinion on top business stories, stock markets in
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News
France’s sacred food culture faces an existential reckoning
6+ day, 11+ hour ago (1717+ words) Wine, cheese and bread, the trinity that underpin French identity, now represent the biggest challenge as people cook differently, booze less and producers get squeezed [PARIS] At the Marche International de Rungis, the giant wholesale food market known as “The…...
Self-claimed wealth gurus who drove Lamborghinis now made bankrupt; investors worry about their S$5m
1+ week, 6+ day ago (861+ words) Investors file multiple police reports and some wonder if they were duped into a ponzi scheme [SINGAPORE] They each drove Lamborghinis, wore expensive watches and ran schemes where they promised investors high returns for money put into their property deals…...
Luxury watchmakers say Gen-Z buying trends call for bold changes
1+ week, 11+ hour ago (640+ words) THE luxury watch industry needs bigger, bolder innovation and ideas to lure new customers as it hits the limits of its well-worn strategy of boosting revenue with ever-pricier offerings. That’s the view of some industry executives at the annual watch…...
Patek Philippe Chronograph 2026: Four references built on independence
1+ mon, 1+ day ago (752+ words) Four chronographs round out Patek Philippe’s 2026 collection, from a fume-dial 5270 to the brand’s first movement beating at 36,000vph DIGITAL DEVICES TODAY CAN MEASURE elapsed time with astonishing precision. A smartphone can time your eggs in the morning, while a fitness tracker…...
China tells carmakers to keep price war away from export markets
1+ week, 5+ day ago (352+ words) Intense domestic competition has sparked concerns that growth may come at the expense of safety and quality [BEIJING] China told its carmakers to keep their cut-throat competitive actions, like steep price cuts, away from overseas markets as manufacturers increasingly look…...
Floating assets: The rise of yachts as an investment
3+ week, 2+ day ago (834+ words) Tax treatment makes Singapore an attractive ownership base in Asia-Pacific [SINGAPORE] In April this year, the Singapore Yachting Festival held at ONE°15 Marina Sentosa Cove drew a record 14,280 visitors and 211 exhibiting brands. JPMorgan Private Bank was the event’s official bank…...
An art gallery hides in this rare, double-basement home
3+ week, 4+ day ago (1158+ words) The architecture of this detached property serves to both anchor family life and showcase the owners’ large art collection [SINGAPORE] When Heng left to work in Beijing years ago, it was for a two-year stint. Little did she expect to…...
Luxury sales plunge in China as tax push hits rich shoppers
3+ week, 2+ day ago (660+ words) Sales at the 25 biggest luxury labels in China dropped more than 10% in July [BEIJING] Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino…...
Luxury stocks set for ‘better performance ahead’ but recovery likely progressive, not linear: analysts
1+ week, 4+ day ago (772+ words) LVMH among names rated ‘buy’ by BofA; one of the sector’s cheapest stocks, it trades at a 25% discount to peers [LONDON] Owning luxury stocks has become almost a contrarian trade, but signs that consumer confidence and earnings growth are bottoming…...
Porsche inks US$1.5 billion AI deal with India’s Tata Consultancy
2+ week, 6+ day ago (187+ words) [STUTTGART] Porsche partnered with Tata Consultancy Services for deploying artificial intelligence in a 1.25 billion euros (US$1.5 billion) deal, while agreeing to sell its consulting unit to the Indian software services company. The five-year partnership aims to enable AI across Porsche’s…...