Global energy subsidies to hit $5.3 trillion this year: IMF

Last Updated: Tuesday, May 19, 2015, 11:01

The report estimated that this year's energy subsidies represent 6.5 percent of the global economy, likely exceeding government health spending across the world.

China's luxury big spenders: young, trendy and not so rich

Last Updated: Monday, March 16, 2015, 08:35

Affordable labels like Tory Burch, Longines and Michael Kors are also in demand, while pricier, more conventional labels including Cartier, Louis Vuitton and Gucci have been hit by a "cold front", the Jing Daily report added.

Singapore, India top list of region's big spenders: Survey

Last Updated: Tuesday, September 27, 2011, 00:23

Shoppers in Singapore, Japan and India are among the region's top luxury consumers, according to the findings by MasterCard survey.

UAE teens are biggest global spenders

Last Updated: Tuesday, May 24, 2011, 12:21

Teenagers in the United Arab Emirates fritter away more than USD 100 a week.

Indian tourists among top spenders in Singapore

Last Updated: Wednesday, December 22, 2010, 19:09

Indians spent a whopping USD 575 million, mostly in shopping, in Singapore during the first nine months of this year, city-state`s tourism board said today.