Aanchal Sahoo

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These are the western luxury brands most exposed to China's economic troubles

That's because the Chinese central bank unexpectedly decided to devalue the yuan against the dollar, by 3% in two days.<p>The devaluation of a currency tends to give a boost to domestic producers at the expense of international imports — a yuan-denominated income is suddenly worth fewer dollars or …

Birth of an ideas economy: Kiran Mazumdar-Shaw

The global economy is faced with the spectre of rising unemployment. According to the International Labour Organization (ILO), the world economy will …

Shanghai index down 4 percent, leads Asian markets lower

SEOUL, South Korea (AP) — China's main Shanghai stock index slumped more than 4 percent on Wednesday, leading Asian stock markets lower a day after a …

Stock Markets

China's flight of capital causes global ripples

Chinese stock markets fell sharply in their final hour of trading on Tuesday as investors were rattled by the withdrawal of government support for shares and further capital flight after last week’s yuan devaluation.<p>The Shanghai composite index dropped 6.12%, its biggest fall since an 8.5% slide on …

Stock Markets

Zayn Malik and Calvin Harris in Twitter spat over Taylor Swift

Malik, of One Direction fame, incurred the wrath of Calvin Harris after retweeting something rude about current squeeze Swift<p>Zayn Malik and Calvin Harris exchanged furious words on Twitter on Monday night, after the former One Direction star retweeted an unfavourable comparison between Miley Cyrus …

Zayn Malik

The Friendliest Cities in the U.S.

Over the last five years, we've asked our readers to rate a city's "friendliness" in the Readers’ Choice Awards survey, especially with respect to where you felt welcome. Did an outgoing local show you the way? Was the city easy to navigate? More than 300,000 people took the survey in 2016—see what …

Key West

China is in deep economic trouble

It just so happens, however, that doing so at this moment cheapened the yuan, also known as the renminbi, against the dollar — which boosts the competitiveness of Chinese exports and hurts the sale of U.S. goods in China. Politicians ranging from Donald Trump to Sen. Charles E. Schumer (D-N.Y.) are …

We Asked. They Created. 30 Fashion Designers Interpret 'The ELLE Look'

Michael Kors, Diane von Furstenberg, Mary-Kate and Ashley Olsen, and 26 more.<p>The ELLE Look is definitely "a thing"—when you see it on the street, in the airport, in the mirror, you're channeling our rich history of strong, sexy women with great personal style, who refuse to be defined by someone …