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. Get the latest local business news delivered FREE to your inbox weekly.
New Delhi, Dec 30 (IANS): External Affairs Minister (EAM) S. Jaishankar is set to embark on a three-day official visit to the State of Qatar from December 30, the Ministry of External Affairs said on Sunday. The MEA in an official statement said that during his visit, the EAM would meet with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani. The visit also aims to review various aspects of bilateral relations between India and Qatar with discussion on key areas, which include political, trade, investment, energy, security, cultural, and people-to-people relations. "EAM's visit will enable both sides to review various aspects of bilateral relations, including political, trade, investment, energy, security, cultural, and people-to-people, as well as the regional and international issues of mutual interest," the MEA said. EAM Jaishankar will depart from Qatar on January 1. India and Qatar share warm and friendly relations, marked by regular high-level interactions to further strengthen their partnership. Their most recent interaction occurred during EAM Jaishankar's official tour to Qatar and Bahrain from December 6 to 9. During the visit, he met Qatar's Minister of Commerce and Industry, Faisal bin Thani Al Thani, and Minister of State, Ahmed Al Sayed, on the sidelines of the Doha Forum. In late October, the two countries held the fifth round of Foreign Office Consultations. Both sides comprehensively reviewed the entire spectrum of India-Qatar bilateral relations, including high-level exchanges, trade, investment, energy, education, culture, and people-to-people ties. Discussions also explored avenues to deepen the relationship in areas such as renewable energy, fintech, start-ups, and technology. They exchanged perspectives on important regional and global issues of mutual interest, as noted by the MEA in a press statement. Earlier, on September 9, EAM Jaishankar met Qatar's Prime Minister Mohammed bin Abdulrahman Al Thani in Saudi Arabia to discuss advancing bilateral ties. According to the MEA, cooperation between India and Qatar has been steadily growing within an excellent framework provided by their historically close ties and regular, substantive engagement at the highest levels of government. The large, diverse, and accomplished Indian community in Qatar significantly contributes to the country's progress while nurturing the bonds of deep-rooted friendship and multifaceted cooperation between the two nations.What to consider when exchanging currency
NFL picks Vikings-Lions for Week 18 Sunday nightAgricultural Biotechnology Market Forecast: Size, Share, Growth, Key Drivers and Regional Trends for 2024 to 2031 | 12-21-2024 06:59 PM CET | Health & Medicine Press release from: Coherent Market Insights Agricultural Biotechnology Market This report on the Agricultural Biotechnology market offers an comprehensive analysis of the current trends, market size, and projections up to 2031. Combining qualitative and quantitative insights, the report covers key trends, challenges, opportunities, market size, growth forecasts, and recent developments. It also evaluates government policies, market dynamics, cost structures, and the competitive landscape, while highlighting emerging advancements and future growth potential. The report further highlights year-over-year growth rates and calculates the Compound Annual Growth Rate (CAGR), offering insight into market performance and future projections. 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THE NBA has dropped a hefty fine of Jaylen Brown for a celebration. Jaylen Brown got a bit overexcited during a game against the Detroit Pistons and let out a brutal celebration. Brown went off in the game on Wednesday, 28 points with nine assists and six rebounds. His performance helped the Celtics win 130-120 despite a strong offensive showing from the Pistons. The Pistons shot an astonishing 51.3 percent from three and 51.2 percent from the field. The Celtics were more physical though, and Brown dunked on Pistons power forward Isaiah Stewart. Read more on the NBA After dunking on him, Brown stared him down and gestured like he was cutting his throat. The NBA didn't like seeing this and were quick to levy a big fine towards Brown. The Celtics star will have $25,000 taken out of his paycheck. "Celtics' Jaylen Brown has been fined $25,000 for throat slash gesture toward Isaiah Stewart on Wednesday," NBA reporter Shams Charania reported . Most read in Basketball NBA fans were split on whether or not the fine was correct, and shared their thoughts on social media . "It’s a fair fine. Kind of a weird gesture," one fan said. "Should’ve been $75,000 you cannot be doing that," another fan said. "What happened to the game I love," a third fan said. "Soft league," a fourth fan said. "They wonder why ratings down can’t show any emotion or have fun," a fifth fan said. While Brown may be going over the top in his celebrations, the Celtics are still winning games. Quarterfinals Tuesday 10 December - Orlando Magic at Milwaukee Bucks, 7 pm ET Tuesday 10 December - Dallas Mavericks at Oklahoma City Thunder, 9.30 pm ET Wednesday 11 December - Atlanta Hawks at New York Knicks, 7 pm ET Wednesday 11 December - Golden State Warriors at Houston Rockets, 9.30 pm ET Semifinals Saturday 14 December - SF1, 4.30pm ET (T-Mobile Arena, Las Vegas, Nevada) Saturday 14 December - SF2, 8.30pm ET (T-Mobile Arena, Las Vegas, Nevada) Final Tuesday 17 December, 8.30 pm ET (T-Mobile Arena, Las Vegas, Nevada) They hold a 18-4 record on the season, only losing to the Cleveland Cavaliers , Golden State Warriors , Atlanta Hawks , and Indiana Pacers . While they are having a good season, they were eliminated from the NBA Cup. The quarterfinals in the East consist of a matchup between the Milwaukee Bucks and Orlando Magic and a game between the New York Knicks and the Hawks. Read More on The US Sun The West side of the quarterfinals has a matchup between the Oklahoma City Thunder and Dallas Mavericks and a game between the Houston Rockets and the Warriors. The championship game will be played on December 17 in Las Vegas .
The Trump Transition Is Winning Good Marks If the aftermath of Donald Trump’s victory on Election Day feels joyous and tranquil, you are not alone. American households and businesses are much more serene and hopeful this time around. Polling released by Pew Research on Friday shows that 70 percent of Americans are very or somewhat confident that the transition to the Trump administration will go smoothly. Similarly, a majority of Americans say they have a positive evaluation of Trump’s post-election conduct. A 53 percent majority of Americans say they approve of the president-elect’s plans for the country . When asked if they approve of Trump’s conduct post-election, 53 percent answer affirmatively. That’s better than the 40 percent who said they approved of Trump’s cabinet choices in November 2016 and the 41 percent who said they approved of the job he had done in explaining his policies and plans for the future. Of course, there are the usual partisan differences in how people are reacting to the election. As recently as October, just 10 percent of Republicans said they were satisfied with the state of the country, according to Pew. Now, 35 percent are satisfied. Democrats have seen their satisfaction slip from 38 percent to 24 percent. Consumer Sentiment Shows Republican Hope Beats Democrat Despondency Similarly, the University of Michigan’s survey of consumer sentiment showed an explosion of hope for the economy among Republicans and a slump among Democrats. The GOP expectations index jumped from 61.4 to 89.2, the highest since October 2020. The Democrat expectation index fell from 93.1 to 75.4. Independents were mostly unchanged. The aggregate effect of this was to push up the expectations index by 3.8 percent. As a result, overall consumer sentiment improved even though the current conditions metric worsened. How does this compare with four years ago? When Biden won the election, consumer sentiment actually fell . The current conditions index improved a bit, but there was a sizable decline in the expectations component. Perhaps counter-intuitively, Democrat views of current conditions fell from October 2020 to November 2020 while Republican views improved. But in the expectations gauge, the Republican outlook crashed and the Democratic outlook improved. Famously, over the next four years, consumer sentiment remained very low. Six months after Biden’s election , the consumer sentiment index was almost exactly where it had been before the election. Six months after that, it was down almost 18 percent and headed even lower as the worst inflation in four decades gripped the nation. In other words, Americans really are feeling better about the country and the economy . Though the sentiment figures may exhibit a partisan hue, it is manifest that Republican buoyancy has ascended with far greater vigor than the Democrats’ penchant for political melancholia. Comparisons with the last time Trump was elected president are harder to make because the University of Michigan’s consumer survey only measured partisan affiliations occasionally. So, we know how Republicans and Democrats felt in October of 2016 (Democrats were much more positive than Republicans) and in February of 2017 (when Republicans were much, much more positive). Overall, consumer sentiment rose following Trump’s election, with boosts in both the expectations and current conditions metrics. Flash! Bang! Business Confidence Grows American businesses are also feeling more positive about the economy. The S&P Global “flash” composite purchasing managers index climbed to the highest level in 31 months, beating expectations. The services side of the survey reached a 32 month high, and the beleaguered manufacturing index climbed to a four-month high. Optimism about output staged a notable comeback in November, rebounding for the second straight month after hitting a 23-month low in September. Confidence reached its highest level since May 2022, with a particularly striking surge in the manufacturing sector, where optimism hit a 31-month peak. “The business mood has brightened in November, with confidence about the year ahead hitting a two-and-a-half year high. The prospect of lower interest rates and a more probusiness approach from the incoming administration has fueled greater optimism, in turn helping drive output and order book inflows higher in November,” said Chris Williamson, chief business economist at S&P Global Market Intelligence. And there are hints of what our friends Larry Kudlow and David Malpass have been calling a “blue collar boom.” The promise of domestic tariffs is lifting confidence in the goods producing sector, according to Williamson, which is fueling higher factory employment. The Philadelphia Fed’s monthly manufacturing survey came in weak overall, but there was in increase in the expectations gauges and a surprise uptick in the employment measure. The numbers don’t lie. Hope and confidence are back in style, and the economy is starting to feel it.When Govinda Became A Meme For Claiming He Rejected James Cameron's Avatar: Pagal Hai Kya?