Meituan Posts First Loss in Three Years as Food-Delivery War Rages

Canada’s economy showed a stronger-than-expected rebound in the third quarter, with an annualized growth of 2.6%, driven by government spending and a modest increase in exports. This performance exceeded analysts' forecasts and reflects a recovery trajectory amid ongoing global economic challenges.

German inflation rose unexpectedly to 2.6% in November, defying trends in neighboring countries where inflation rates have either stabilized or decreased. This increase highlights ongoing price pressures within the German economy, raising concerns about the effectiveness of previous monetary policies aimed at stabilizing prices.

Li Auto has recently reported a significant decline in sales, resulting in its first quarterly net loss in three years, which raises concerns about the company's future performance in the competitive electric vehicle market. The downturn is attributed to weakening demand for its plug-in hybrid vehicles, indicating a shift in consumer preferences.

The latest Market Talks from The Wall Street Journal provide insights into Kossan and EssilorLuxottica, highlighting their positions within the health care sector. These discussions reflect current market dynamics and investor sentiment surrounding these companies.

Rio Tinto, the world's second-largest mining company, is facing a significant challenge regarding its substantial investment in lithium, a key material for electric vehicle batteries, which it pursued aggressively last year, diverging from the strategies of other major miners.

American consumers are expressing heightened frustration with product and service issues, despite the ease of purchasing goods. This sentiment reflects a growing dissatisfaction with the customer service experience, as highlighted in recent reports.

The European Union (EU) is set to unveil a plan aimed at reducing its reliance on raw materials sourced from China, a move that reflects growing concerns over the bloc's dependency on Chinese imports. This initiative comes amid increasing competition and market dominance by China, as highlighted by the European Central Bank's chief economist.

Expensive jewelry is currently outperforming other luxury goods, driven by an increase in wealth among superwealthy households benefiting from stock market gains. This trend highlights a shift in luxury consumption patterns, with high-value jewels becoming a preferred investment.