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MILAN — Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan's swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, holiday season. There's even more to celebrate this year: a commercial real estate company crowned Via MonteNapoleone as the world's most expensive retail destination, displacing New York's Fifth Avenue. The latest version of American firm Cushman & Wakefield's annual global index, which ranks shopping areas based on the rent prices they command, is a sign of Via MonteNapoleone's desirability as an address for luxury ready-to-wear, jewelry and even pastry brands. A man walks past a shop Dec. 12 in Monte Napoleone street in Milan, Italy. The average rent on the Milan street surged to $2,047 per square foot, compared with $2,000 per square foot on an 11-block stretch of upper Fifth Avenue. Via MonteNapoleone's small size — less than a quarter-mile long — and walking distance to services and top cultural sites are among the street's key advantages, according to Guglielmo Miani, president of the MonteNapoleone District association. "Not everything can fit, which is a benefit," since the limited space makes the street even more exclusive and dynamic, said Miani, whose group also represents businesses on the intersecting side streets that together with Via MonteNapoleone form an area known as Milan's Fashion Quadrilateral. Women look a shop Dec. 12 in Monte Napoleone street in Milan, Italy. The biggest brands on the street make 50 million euros to 100 million euros in annual sales, Miani said, which goes a long way to paying the rent. Tiffany & Co. is preparing to take up residence on Via Montenapoleone, and longtime tenant Fendi is expanding. The MonteNapoleone District says 11 million people visited the area this year through November, but there's no way to say how many were big spenders vs. window shoppers. The average shopper on Via MonteNapoleone spent 2,500 euros per purchase between August and November — the highest average receipt in the world, according to the tax-free shopping firm Global Blue. The street is a magnet for holiday shoppers who arrive in Maseratis, Porsches and even Ferraris, the sports car's limited trunk space notwithstanding. A mannequin is seen Dec. 12 in a shop in Monte Napoleone street in Milan, Italy. Lights twinkle overhead, boutique windows feature mannequins engaged in warm scenes of holiday fun, and passersby snap photos of expertly decorated cakes in pastry shop displays. A visitor from China, Chen Xinghan, waited for a taxi with a half-dozen shopping bags lined up next to him on the sidewalk. He said he paid half the price for a luxury Fendi coat that he purchased in Milan than he would have at home. "I got a lot," Chen acknowledged. "It's a fantastic place, a good place for shopping." A man waits for a taxi Dec. 12 in Monte Napoleon street in Milan, Italy. A few store windows down, Franca Da Rold, who was visiting Milan from Belluno, an Italian city in the Dolomites mountain range, marveled at a chunky, yardslong knit scarf priced at 980 euros. "I could knit that in one hour, using 12-gauge knitting needles as thick as my fingers, and thick wool. Maximum two hours," Da Rold said, but acknowledged the brand appeal. Buildings are decorated Dec. 12 in Monte Napoleone street in Milan, Italy. Despite upper Fifth Avenue getting bumped to the No. 2 spot on the Cushman & Wakefield list, the organization that serves as the Manhattan street's guardian and chief promoter had praise for MonteNapoleone's achievement. "Milan's investment in its public realm is paying off, which is a win for their shoppers, businesses and city as a whole," said Madelyn Wils, interim president of the Fifth Avenue Association. She also expressed confidence that with new investments and a record year for sales on Fifth Avenue, "we'll be back on top in no time." The holiday season feels a little less jolly considering the amount of waste generated by gift-giving. The Environmental Protection Agency estimates the amount of household garbage in the U.S. increases by 25% between Thanksgiving and New Year's. After the decorations come down, all that waste heads to landfills, producing a significant contributor to climate change: methane gas. "Greening" the holidays is essential, and one simple tip is to think more about how sustainable the materials are in your decorations, decor, and, of course, gifts. Instead of plastics, you could opt for items that can be reused, are made of renewable materials or natural fibers that boast a smaller environmental impact in both production and durability. Due to consumers' desires for more eco-friendly goods, sustainable materials are among the biggest trends in home decor. Fortunately, there are plenty of affordable—and earth-conscious—home goods that make perfect holiday gifts. Made Trade rounded up a list of sustainable home decor trends in 2025 that offer dozens of creative options for holiday gift-giving. Each trend includes examples of great gifts for the home and advice for ensuring items are sustainably produced or can help create a more eco-friendly space. In the depths of winter's gray days, it's a real gift to see a little green, which is why indoor gardening gifts are a wonderful idea. Not only are they eco-friendly and promote sustainability—the more food you can grow yourself, the less you have to buy—they also foster an appreciation of nature and bring the natural world indoors to enjoy. Sprouting kits and microgreens require minimal amounts of space and sunlight, but a sunny, south-facing window will permit a small herb garden or leafy greens for salads. If you're not sure what kind of light your recipient has access to, go with gifting indoor grow lamps along with the plants, or pick a hardy, low-water houseplant—some can act as natural air purifiers too. When buying gifts for the home, consider what materials the items are made from and how far away they come from—not only are natural materials like rattan, jute, palm leaves, clay, organic cotton and linen, and ceramics more sustainable, but if they are being used by a local craftsperson, gifters are also saving on fossil fuels for the transportation. Plus, you're helping the local economy by supporting local craftspeople, so it's a win-win. Natural fiber pillows, sheets, blankets, and even doormats offer comfort and consideration of the environment. The most sustainable and eco-friendly gift is one you already have, so get creative about reusing materials already in or around your home (raid the recycling bin, find nice pieces of wood outside, wash out and reuse glass jars) to fashion them into new, thoughtful goods. Similarly, think vintage and secondhand—what items can you give a second life to by passing them along to someone who will find new meaning in them? Some of the most thoughtful gifts are small heirlooms—pieces of jewelry or a beloved ceramic dish—passed along to the next generation that will appreciate them. Green technology offers ways to reduce our carbon footprint in everyday life, and smart thermostats, solar lights, smart sprinklers, and smart plugs all make great gifts, saving people money and conserving our valuable resources. For those looking into home renovations or updating decor, try a new light fixture paired with smart blubs, or a new window treatment with smart shades. Even something as simple as a rain barrel can reduce energy use—and while the technology for that isn't very sophisticated, it certainly is, like composting, "smart." Integrated outdoor living is the ultimate gift, allowing us to bring the natural world into our homes. However, doing so sustainably takes a little more effort than simply leaving the doors to the deck open all the time. First, find eco-friendly and sustainable outdoor furniture, perhaps thrifting it or buying it used and fixing it up for a one-of-a-kind gift. If you can't go secondhand, choose furniture made of sustainable materials such as reclaimed wood, recycled plastic (great for outdoor rugs), or bamboo. For smaller gifts, consider solar lights, a water feature that recycles water, a rain barrel, or even a set of handmade wind chimes made from seashells. Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Paris Close. Photo selection by Clarese Moller. This story originally appeared on Made Trade and was produced and distributed in partnership with Stacker Studio. Respond: Write a letter to the editor | Write a guest opinion Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. The business news you need Get the latest local business news delivered FREE to your inbox weekly.
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From left, Minister of Economic Affairs J.W. Kuo, Representative to the Czech Republic Ke Liang-ruey and Czech Representative to Taiwan David Steinke pose for a photograph after the signing of a memorandum of understanding on collaboration between Taiwan and the Czech Republic in an undated photograph.Photo courtesy of the Ministry of Economic Affairs via CNA Staff writer, with CNA Minister of Economic Affairs J.W. Kuo (郭智輝) returned to Taiwan yesterday following a trip to Germany and the Czech Republic to promote industrial cooperation, the Ministry of Economic Affairs said. 請繼續往下閱讀... In a statement, the International Trade Administration (ITA) under the ministry said Kuo attended the inauguration of the Taiwan Trade and Investment Center in Prague on Thursday. He also witnessed the signing of a memorandum of understanding (MOU) pledging to set up industrial clusters and promote business opportunities — in order to boost collaboration between Taiwan and the Czech Republic. The MOU was signed by Representative to the Czech Republic Ke Liang-ruey (柯良叡) and Czech Economic and Cultural Office in Taipei representative David Steinke, according to the ITA. The statement noted that the trade and investment center in Prague would be Taiwan’s first overseas investment service hub. Under the MOU signed on Thursday, the center would enable Taiwan and the Czech Republic to collaborate in providing one-stop services for Taiwanese investors seeking opportunities in the European country. The ITA added that the Czech Republic has a geographic advantage in Europe, a large pool of tech talent, prestigious research institutions, a sound industrial foundation and solid technological strength. The European country has strong support from its government in technology development. This has led to it becoming one of Taiwan’s key European partners in terms of industrial cooperation, the ITA said. Taipei would use Prague as a hub to seek other business opportunities in the European market, the ITA added. During his stay in the Czech Republic, Kuo also met with Czech Senate President Milos Vystrcil, Marek Benda, who is a member of the Czech Chamber of Deputies and chairperson of the body’s Taiwan friendship group, as well as other Czech government officials to discuss bilateral economic exchanges, the ITA said. Kuo’s visit to Prague was part of his trip to Germany and the Czech Republic on Wednesday and Thursday. Before Kuo visited the Czech Republic, he went to Dresden in the German state of Saxony. Taiwan Semiconductor Manufacturing Co started constructing a new 12-inch wafer fab in the city in August, through a joint venture called European Semiconductor Manufacturing Co. The Dresden plant is scheduled to launch mass production at the end of 2027, focusing on automotive and industrial applications. Kuo also met with Dresden Mayor Dirk Hilbert and the Saxony Minister-President Michael Kretschmer to gain a better understanding of the investment environment. He called for the Saxony authorities to assist Taiwanese entrepreneurs where necessary. According to the ITA, Taiwan has long played a critical role in global supply chains and made important contributions to a wide range of tech development. That, along with Taiwanese semiconductor suppliers extending their global reach, means that many related small and medium-sized Taiwanese businesses are setting their sights on the European market. 新聞來源: TAIPEI TIMES 不用抽 不用搶 現在用APP看新聞 保證天天中獎 點我下載APP 按我看活動辦法
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Ujjain (Madhya Pradesh) [India], December 21 (ANI): Madhya Pradesh Chief Minister Mohan Yadav addressed the Yuva Udyami Manch Summit 2024 on Saturday, and highlighted his government's achievements in promoting investment in the state. "Ever since our government was formed, we have made efforts to encourage investments by making sure that our investor summits are available even at the smallest level... In metros, we organised roadshows to promote the businesses of Madhya Pradesh," he said. Also Read | Atul Subhash-Like Case in Madhya Pradesh: Man Dies After Consuming Poisonous Substance in Khandwa, Leaves Video Blaming Wife, Another Person. Madhya Pradesh Chief Minister also performed the bhoomi pujan of an IT Park worth Rs46 crores in Ujjain, underlining the state government's commitment to fostering industrial and technological growth. https://x.com/DrMohanYadav51/status/1870482108076245337 Also Read | PM Narendra Modi Hails Diaspora in Kuwait, Says ‘India Has Potential to Become Skill Capital of World’. Sharing the development on social media X (formerly known as X), the Chief Minister said, "Our endeavour is to pave the way for industrial development by creating favourable conditions for investment in Madhya Pradesh, along with promoting technology and innovation through entrepreneurship, thereby increasing employment opportunities in the field of technology." Earlier on Friday, Madhya Pradesh Chief Minister Shivraj Singh Chouhan participated in the Nivesh Mantrana program organized by mutual fund distributors in Indore. He emphasized the importance of utilizing wealth wisely in light of future challenges and stressed the need to promote the mutual funds industry. "I am happy to attend the Nivesh Mantrana program here today. As the country progresses economically, there is a growing need to promote industries like mutual funds. "Given the challenges ahead, we must use our wealth wisely, both for personal growth and for the betterment of the country and the state," CM Yadav told reporters earlier. He also highlighted the remarkable growth of the mutual fund industry, noting that investments in mutual funds have increased from Rs 10 lakh crore in the past to Rs 68 lakh crore during the tenure of Prime Minister Narendra Modi. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
LONDON UK car production dropped 30.1% in November, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) on Friday. A total of 64,216 cars were produced during the month, 27,711 fewer than in November 2023. This marks the ninth consecutive month of falling output and the sector’s worst performance for November since 1980. The decline stems from multiple challenges, including strategic product shifts, weakened demand in key global markets, and adjustments to production schedules. Additionally, comparisons to November 2023 are skewed, as output during that period was bolstered by a recovery from COVID-related supply chain disruptions. As UK car makers transition to electric vehicle (EV) production, significant retooling efforts have impacted manufacturing output. The shift has resulted in production cuts across all major manufacturers. While November saw the production of 19,165 battery electric, plug-in hybrid, and hybrid electric cars, this figure represents a sharp 45.5% decline compared to the same month last year. Despite the challenges, electrified vehicles now account for nearly a third (29.8%) of total production. From January to November, over a quarter of a million electrified vehicles were manufactured in the UK. However, this figure is down 19.7% year-on-year, largely due to model switchovers at key plants. Mike Hawes, SMMT chief executive, described the figures as "offering little Christmas cheer for the sector." “With billions of pounds committed to new technologies, new models, and production tooling, the industry is facing significant strain,” Hawes said. “The government can play a critical role by supporting consumers in the transition to electric vehicles, fast-tracking its Industrial Strategy for advanced manufacturing, and urgently reviewing market regulations that are exacerbating the sector’s challenges,” he added.Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street
ChatGPT Crashes If You Mention the Name "David Mayer"Shares of Wolfspeed Inc. ($WOLF), a prominent manufacturer of silicon carbide (SiC) semiconductors used in electric vehicles (EVs), surged over 20% on Friday, reaching one-week highs after significant insider buying boosted investor sentiment. SEC filings revealed that Wolfspeed directors collectively purchased shares worth approximately $817,000 this week. The purchases included notable buys from Interim CEO Thomas Werner, Duy-Loan Le, Stacy Smith, and Darren Jackson. That has helped counteract recent concerns over management changes and weaker financial performance. Earlier this week, Wolfspeed announced the sudden departure of CEO Gregg Lowe, prompting the board to begin a search for a permanent replacement. Financial challenges have also weighed on the stock, as the company earlier this month reported fiscal first-quarter revenue that missed expectations and issued second-quarter guidance well below estimates. The company also disclosed plans to reduce its workforce by 20% in an effort to streamline its cost structure. Retail sentiment on Stocktwits has shifted dramatically, flipping from ‘extremely bearish’ to ‘extremely bullish’ by Friday afternoon, with message volume more than doubling over the past week. On the platform, a poll reveals that 71% of retail investors believe it is the right to buy WOLF stock as the insider stock buys are bullish, while 13% believe it’s too risky and prefer staying out instead. Adding to the renewed enthusiasm, Roth MKM analyst Craig Irwin maintained a ‘Buy’ rating with a $20 price target after hosting meetings with Wolfspeed’s management. Irwin highlighted the company’s strategic importance as a U.S. leader in SiC semiconductor materials and noted that increased demand for 200mm SiC wafers could act as a significant catalyst for growth. Despite Friday’s rally, Wolfspeed shares remain down over 80% for the year, reflecting challenges such as the uncertain future of EV subsidies following Donald Trump’s election victory, which has raised concerns about SiC demand. Last month, the company captured investor attention after saying it was set to receive $750 million in U.S. government grants and an additional $750 million in financing led by Apollo Global Management to support its expansion efforts. For updates and corrections email newsroom[at]stocktwits[dot]com. None