Thanks to the magic of code-share, European low-cost carrier Air Berlin,which started life ferrying German tourists to the Spanish holiday island of Mallorca, will next year be batting in the big league with direct flights to China...   more »

China is already the world's third largest luxury goods consumer and it won't be long before it becomes the largest. Imports of luxury consumer goods into China rose almost 28% in the first seven months of this year. Interestingly, foreign-funded trading companies dominate this business and the share taken by Chinese firms has fallen to less than 30%...   more »