Posts From King World News

Combat post-recession luxury drought by understanding cautious consumers: report

Conspicuous consumption has given way to conscious consumption; image courtesy of Bloomingdale’s The United States may be in a post-recession period, but many of the spending values created during the time have stayed with affluent consumers, causing a hesitancy to spend, according to a report from Unity Marketing. While counterintuitive, affluent consumers feel wealthier today, but are less likely to use their perceived wealth, causing a drop in consumption of

Tuesday, March 24: Today in Gold and Silver

NEW YORK (TheStreet) — Gold began to rally the moment that trading began in New York at 6:00 p.m. on Sunday evening, but wasn’t allowed to get far—and by 10 a.m. Hong Kong time on their Monday morning, the gold price was back to unchanged.  It’s low tick, such as it was, came shortly before 9 a.m. in London—and from there the price chopped quietly higher in light trading, with

Tuesday, March 24: Today in Gold and Silver

NEW YORK (TheStreet) — Gold began to rally the moment that trading began in New York at 6:00 p.m. on Sunday evening, but wasn’t allowed to get far—and by 10 a.m. Hong Kong time on their Monday morning, the gold price was back to unchanged.  It’s low tick, such as it was, came shortly before 9 a.m. in London—and from there the price chopped quietly higher in light trading, with

Oman Sultan returns in 'complete health' after treatment in Germany

Oman’s Sultan Qaboos returned home “in complete health” on Monday after an eight-month medical stay in Germany, state television reported, adding his treatment had been a success. Qaboos, 74, has been absolute ruler of the Arabian peninsula state since 1970, but his absence in Germany since July had led to growing concern about his health. Qaboos “returned to the soil of the dear nation this evening, blessed by God’s favor

A year after Ebola discovered, relapses seen in fight to end it

By Emma Farge DAKAR (Reuters) – Lapses that fueled the Ebola outbreak after it was first discovered a year ago are dogging the final stages of the fight against the virus as fatigue and complacency set in, delaying the end of the deadly epidemic. Three doctors were discovered to be infected with Ebola at a hospital in Guinea’s capital Conakry last week in what health reports and government officials blamed