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Big Shift In China Economy To 'disrupt' Western Retailers: Li & Fung Head
2014-09-29 19:14:50| Logistics - Topix.net
China's role in supplying cheap consumer goods to the West could end in coming years due to rising domestic consumption and worker pay, stoking inflation and unsettling retailers in Western markets, the chairman of logistics group Li & Fung "China will disrupt the world," William Fung of Hong Kong-based Li & Fung, which supplies firms like Walmart Stores Inc China is a country that operates in economic cycles of 30 years, Fung said, and between 1979 and 2009, it had been the world's "factory" producing consumer goods at low prices, notably thanks to the low wages paid to its workers. "When China starts consuming and with India right behind it, I predict a round of price increases and margin squeezes," he Fung said.
Aldi rings up big rise in profits
2014-09-29 11:02:18| BBC News | Business | UK Edition
The Aldi supermarket chain posts a big rise full-year profits as its market share continues to grow, and 2014 looks to be an even better year.
Big bank sell-off drives ASX lower
2014-09-29 10:38:52| Automakers - Topix.net
Australia's sharemarket has extended its recent falls, with banks once again leading the plunge as overseas investors dump their holdings. The benchmark S&P/ASX 200 index finished sharply lower, falling 49.2 points, or 0.9 per cent, to a fresh seven-month low of 5264.2 points.
The week of the big cloud reboots
2014-09-29 00:15:18| Telecom - Topix.net
The week in cloud: Amazon Web Services and Rackspace both acknowledged that they needed to re-start a big chunk of their public cloud infrastructure due to a non-disclosed Xen issue. Well, this is a week that will be remembered for awhile.
Cuddling koalas is big business
2014-09-29 00:04:36| BBC News | Business | UK Edition
The Sydney zoo giving visitors a hands on experience
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