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China saw a 28% increase in domestic tourism during the 5-day May Day holiday period compared to 2019. However, total tourism revenue was up only 13.% compared to 2019 due to travelers spending less per trip, with average spending down 6%. Weakening economic growth, job prospects, and the real estate downturn have made Chinese consumers more cautious in their spending. Retail sales growth slowed to just over 3% in March while consumer price inflation was a mild 0.1%, reflecting soft consumer demand.
⏲ 0:36 👁 425K
Record gold prices slow London sales but demand remains robust<br/><br/>Record-high gold prices have hit jewelry sales along an east London street famed for wedding shopping among the south Asian diaspora, but shop owners are confident that demand for the precious metal remains robust.<br/><br/>Video by AFP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/><br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/><br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/><br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/><br/>#TheManilaTimes<br/>#tmtnews <br/>#london <br/>#gold
⏲ 2:48 👁 11.4M
Social media platform Reddit released its first quarterly report since going public in March. Reddit reported revenue of over $240 million, up 48% year-over-year and beating analyst estimates. Advertising revenue grew 39%, faster than competitors like Meta, Amazon and Alphabet. The company reported a net loss of over $575 million, with stock-based compensation expenses driving red ink. Reddit had over 82 million daily active users in the first quarter, up from estimates and a sign of continued engagement growth. Shares surged 11% in pre-market trading following the strong earnings report.
⏲ 0:43 👁 2.7M
Disney and Warner Bros. Discovery are teaming up to offer their streaming services Disney+, Hulu, and Max in a bundled package similar to traditional cable TV bundles. The bundle will be available this summer but pricing has not yet been disclosed, though it is expected to be offered at a discount. Disney will act as the distributor, collecting subscription fees and paying Warner Bros. Discovery a percentage. It is the latest partnership between the two media giants after joining with Fox to offer a sports streaming bundle launching this fall.
⏲ 0:39 👁 265K
Despite the announcement by Nutrimix of reductions in some of its flour products, one major bakery chain says, reductions in bread and other flour-based food items are unlikely at this time, given that National Flour Mills is the leading flour producer. Meantime NFM tells TV6, it reduced prices as early as May 1st. Rynessa Cutting has more.
⏲ 2:9 👁 250K
European companies operating in China face increasing pressure as China's economic growth slows down and overcapacity issues rise. Profits margins for European firms in China are at an 8-year low, with only 30% reporting higher profits than their global average. The slowing real estate sector and geopolitical tensions have contributed to China's economic downturn. Overcapacity is a major issue, especially in industries like construction, automotive, and engineering. It has led to price drops. Getting paid on time by Chinese clients is also a growing challenge as it became more difficult to enforce contracts versus the prior year.
⏲ 0:46 👁 380K
Katie Price is to be evicted from her Mucky Mansion in West Sussex, a decade on from when she bought it.
⏲ 1:24 👁 380K
The Oliver Fisher neonatal intensive care ward says it has improved patient outcomes for families and premature newborns in Medway and Swale.
⏲ 2:52 👁 2.4M
Palantir's stock has risen significantly in the past year, but its first-quarter earnings did not meet investors' expectations, causing a 15% drop in stock price. However, analyst Daniel Ives sees this as a good opportunity to invest in Palantir's AI platform, which is performing well. With a growing client base and shorter sales cycles, Palantir is expected to continue its growth trajectory. Ives has given the company an Outperform rating and a $35 price target, while other colleagues have a more cautious outlook.
⏲ 0:35 👁 320K
Tim Allen seemingly has no problem landing a job, which is why he’s worked within the TV space on a relatively consistent basis over the years. At this point, the veteran actor has been away from network TV for a few years, since the conclusion of his ABC/Fox sitcom \
⏲ 1:13 👁 330K
A man struggling to get on the property ladder landed spent just £15k on his first home - by building it in his parents' garage. <br/><br/>Josh Jones, 21, convinced his mum and dad to let him convert the garage attached to their four bed family home in Tunbridge Wells into a one-bed apartment.<br/><br/>Having saved up £4000, Josh decided to spend the cash transforming the space into his own home rather than putting down as a house deposit. <br/><br/>He started the build in January 2023 and took eight months to complete the work - with tips he picked up on YouTube. <br/><br/>Josh did all the work himself- completely stripping the garage roof, levelling out the floor, adding drainage, building a kitchen, installing a bathroom and a bedroom.<br/><br/>He spent £14,700 on materials, moved into his new abode in May 2024 with his girlfriend and say his parents are \
⏲ 2:0 👁 1.9M
Energy giant BP has revealed a fall in profits in the face of lower oil prices and weaker refining margins than this time last year.
⏲ 1:0 👁 22.5M
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