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[Graphic News] S. Koreans become world’s biggest spenders on luxury goodsWorld BusinessFeb 2, 2023South Koreans consumed the most luxury goods in the world last year, according to a report. Morgan Stanley estimated that total spending on luxury goods by Koreans on-year grew around 24 percent to $16.8 billion, or $325 per capita, which is much more than the $55 and $280 on luxury goods spent per capita by Chinese and Americans, respectively. Moncler said sales in Korea more than doubled in the second quarter of last year compared to before the COVID-19 pandemic. Cartier owner Richemont Group
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Suicide bomber kills 28, wounds 150 at mosque in NW PakistanWorld NewsJan 30, 2023PESHAWAR, Pakistan (AP) — A suicide bomber struck Monday inside a mosque within a police compound in the northwestern Pakistani city of Peshawar, killing at least 28 people and wounding as many as 150 worshippers, most of them policemen, officials said. The bombing drew nationwide condemnation from opposition political parties and government officials. Ghulam Ali, the provincial governor in Khyber Pakhtunkhwa, where Peshawar is the capital, said there were fears the death toll could rise
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[Graphic News] Global chip revenue up only 1.1% in 2022: reportWorld BusinessJan 30, 2023Global semiconductor revenue grew only around 1 percent on-year last year, a recent report showed, with the memory chip sector suffering the most. According to tech research firm Gartner, worldwide chip revenue is estimated to have risen 1.1 percent to $601.7 billion in 2022, a significant drop from a 26.3 percent annual growth seen the previous year. While 2022 got off to a relatively good start due to lingering chip shortages, Gartner said “by the second half of 2022, the global economy