China sees 657 million trips during Dragon Boat holiday, up 3% y/y
HONG KONG, June 3 (Reuters) - Chinese people took an estimated 657 million passenger trips during the Dragon Boat Festival holiday, up 3% year-on-year, the country's state broadcaster reported, with the indicator closely watched as a barometer of Chinese consumer confidence.
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Reuters
an hour ago
- Reuters
Japan April real wages slump for fourth month as inflation bites
TOKYO, June 5 (Reuters) - Japanese real wages fell for a fourth consecutive month in April, eroded by stubborn inflation that has continued to outpace pay hikes delivered so far by companies, government data showed on Thursday. The wage data adds to concerns about Japan's growth outlook at a time U.S. President Donald Trump's sweeping tariffs stir uncertainty about the global economy. Japanese policymakers and analysts are concerned global trade tensions may offset the pay hike momentum and complicate the Bank of Japan's efforts to normalise monetary policy. Inflation-adjusted real wages, a key determinant of households' purchasing power, slumped 1.8% in April from a year earlier after a revised 1.8% drop in March and 1.5% fall in February, labour ministry data showed. The consumer inflation rate the ministry uses to calculate real wages, which includes fresh food prices but not rent costs, eased slightly to 4.1% year-on-year in April from 4.2% in March but stayed around 4% for five months in a row. "While wages are steadily rising, prices remain high," said a labour ministry official. Regular pay, or base salary, rose 2.2% in April, the fastest pace in four months. Overtime pay edged up 0.8%, reversing a decline in March, while special payments grew 4.1%. Total average cash earnings, or nominal pay, increased 2.3% to 302,453 yen ($2,098.04) in April, the same as a revised increase in March. Major Japanese firms on average agreed to more than 5% pay hikes during annual spring wage talks in March. While some of those were already implemented in April, the labour ministry official said the newly agreed pay hikes would be gradually reflected in future wage data. ($1 = 144.1600 yen)
Times
4 hours ago
- Times
How London shapes the world of Vinterior's Sandrine Zhang Ferron
Sandrine Zhang Ferron was born in China, raised in France, educated in business and worked in finance. But a decade ago she had both a moment of realisation and an immediate problem. One, she didn't want to spend her life 'making rich people richer' in finance, and two, she really wanted a yellow Poul Volther chair, but couldn't find one. They became the catalyst for an idea that changed the market for vintage furniture: in 2015 she launched Vinterior, an online marketplace for vintage and pre-owned furniture, lighting, textiles, home decor and art. Ten years on, the platform has 690,000 monthly visits, over half of which are Londoners. 'The city's rhythm, constant energy, and unexpected encounters have made it feel not just like home but the place where everything began,' she says. Now rooted in London, the self-confessed aesthete finds endless inspiration in the city's eclectic mix of cultures, styles and hidden gems. We asked Zhang Ferron to share her favourite spots, from the markets where she unearths unique finds to the places that feed her creativity. Suzhou, the Venice of China, where I lived with my aunt until I was five while my parents were settling in France. Then Lille, in the north of France, where I spent my teenage years. And Paris, where I did my master's, met my husband and built some of my closest friendships. The mix of cultures still lives in me. Split between north London and Mallorca. In London, it's that familiar triangle between Arsenal, Stoke Newington and Highbury, where I had the idea for Vinterior and where the company began. And then there's Puigpunyent, a small village in Mallorca where we spend most summers and long weekends. It's where our daughter learnt to walk, where we celebrated ten years of marriage and where everything slows down. One is full of momentum and energy. The other is quiet, grounding —our reset. • Your guide to life in London: what's new in culture, food and property Curious, convenient, delicious. Queen Elizabeth I, specifically the day after the defeat of the Spanish Armada in 1588. I've always admired leaders who stay composed under pressure, and her Tilbury speech is such a powerful example of that. I'd want to see how she handled the political aftermath, balancing strength and vulnerability, leading in a world that wasn't designed to hear her voice. We'd walk the streets of Tudor London (ideally with good boots and a bit of distance: I'm not sure how often things were cleaned) and I'd ask her how she navigated power without compromise, earned loyalty without giving too much away and kept her independence when the world expected her to marry. Her line 'I have the heart and stomach of a king' captures the mix of courage and restraint that true leadership requires. We [her partner and I] planned to stay in London for two years before moving to Asia — it's now been 18. I doubt I would have started a company, let alone Vinterior, if we'd lived elsewhere. London has this way of opening doors you didn't even know existed. Coming from a French and Chinese background I was used to being very direct and sometimes too direct, as I quickly learnt in my early days here. Highbury Barn is pretty close to perfect. It has everything I could want — La Fromagerie for cheese, Godfreys for amazing cuts, Highbury Fishmongers where I pick up fresh clams every Saturday to make spaghetti alle vongole for lunch (my daughter's favourite), and Da Mario for incredible Italian deli goods. Their fennel sausage, rosemary ham and mortadella are the best I've found in London. Swimming at Hampstead Heath Ladies' Pond. Only in London would cold water before breakfast feel like something people queue up for. There's a little hidden gem just behind London Fields that's become our go-to, aptly named Behind. A young, passionate chef puts out a seafood-led menu that changes with the seasons. The dishes are inventive and full of soul, and the wine list is just as thoughtfully curated. It always feels intimate, like you're in on a secret. I also love Prawn on the Lawn in Highbury for something a bit more relaxed: strong flavours, fresh fish and small plates that are made for sharing. My ideal night out starts with an early dinner, followed by immersive theatre — ideally Punchdrunk. Every experience there is electric. I love the ritual of debriefing with friends afterwards: what they noticed, what I missed, how we each saw something different. It's a brilliant conversation-starter. My ultimate breakfast indulgence is the bacon naan (with an egg, always) at Dishoom; the King's Cross location is my usual. It's a comforting ritual. On the weekends, you'll often find me at the French market on Blackstock Road. Their baguettes and croissants are the real deal and, in January, I always make a pilgrimage for a proper galette des rois. French roots die hard. Vinterior, of course. I used to spend weekends scouring vintage fairs and antique shops, hunting for the perfect piece. Now I can do it all online, from velvet Bellini sofas to sculptural art deco sideboards or a rustic ladder-back chair with just the right patina. It's all about character and history — and convenience. I'm at Third Space Islington four to five times a week: it's my reset button. I mix strength training, HIIT (high-intensity interval training), yoga and Pilates, depending on the day. My favourite mornings start with a tough HIIT session, followed by fifteen minutes in the sauna and five minutes in the cold plunge. It wakes me up on every level. I love the full spectrum — musicals, theatre, immersive performances, opera, ballet — you name it, I'll go. Recently I saw Much Ado About Nothing with Tom Hiddleston and it was absolutely brilliant. London's cultural scene never stops surprising me. When I want to slow down and take it all in, I'll head to the Royal Academy of Arts or the National Portrait Gallery. Both have that perfect blend of iconic works and unexpected discoveries. Whether it's a blockbuster exhibition or something more niche, I always walk away seeing the world a little differently. For me, it's Michaela Coel. She grew up in east London, trained at Guildhall, and created work like I May Destroy You that's bold, uncomfortable, and completely original. She embodies what makes London special: that someone with a strong, honest voice can shape culture without needing permission. She's both deeply local and globally resonant. Her work reminds me this city is where unexpected, anti-conformist voices don't just emerge, they thrive.
The Independent
4 hours ago
- The Independent
Value of Stormont Executive's office in Beijing questioned
The value for money of the Northern Ireland Executive's office in the Chinese capital has been questioned. The chair of the Assembly's scrutiny committee for the Executive Office suggested it cost around a quarter of a million pounds a year to run the office in Beijing. The Executive also has offices in Washington DC and Brussels. It has had a presence in Beijing since 2014, before then-first minister Arlene Foster opened an Executive bureau in December 2016. Executive Committee chair Paula Bradshaw said she had concerns around its value for money, after the committee heard from the three bureaux during a meeting last month. Executive Office official Brenda Henderson said she appreciated there is frustration around transparency and accounting for what they do. ' One of the things that I want to do is to get that coherency across all three bureaux and with the international relations team in Belfast to make sure that we have a clear narrative, that our communications plans can let you see, and let our ministers see, exactly who we're meeting, what is the outcome of that, what does it mean, the 'so what' question in terms of the Programme For Government,' she told MLAs. 'Work is already under way on that.' Ms Bradshaw followed up by asking at what point would they conclude it is not value for money, and that they could be doing other things with that money. Ms Henderson said there are different ways to measure value for money. 'One of the things that I know that the overseas offices do is that they build relationships, you have to build those relationships before you utilise them, but there are things about companies, investment, increased student places they bring,' she said. 'I think what we need to do is be more absolutely transparent about that and be clear about the metrics, what we can measure and that we stand in front of those.' Permanent Secretary David Malcolm said he can 'see behind the curtain', and knows what the Beijing office is doing, He expressed frustration it was not communicated. He said last month the vice minister for education in China visited Northern Ireland and signed an agreement with the Confucious Institute in Belfast and the Department for the Economy for a £34 million programme over the next 10 years. He also said in Beijing this St Patrick's Day, there were two community organisations led by Chris Hazzard, including young people who had never left Ireland before. 'There is significant work we're doing,' he said. 'We are also talking to the Chinese Consul about a mini conference here later on,' he said. 'The Chinese have agreed to fund three placements in Beijing through the Arts Council to give people the opportunity to break into the Chinese market. There is a tremendous amount we're doing.' He added: 'Not just in Beijing, in Washington, we punch miles above our weight in the representational role we get, and indeed in Brussels.'
