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Consumers in China spent $116.8 billion on luxury goods abroad in 2015

This translates to 46% of the global volume of high-end goods, which includes branded leather goods, cosmetics and electronics, according to consultants at Beijing-based Fortune Character Group, which derived these figures from the revenues of some 20,000 brands.

The government says that 120 million Chinese tourists — just about 1% of the population — went overseas in 2015, and contributed to 12% of global spending on their holidays.

Its newest toy is called Barco Escape and right now it’s essentially three theater screens in one space — the main screen and then additional screens on the left and right walls. The effect is a 270-degree image that makes viewers feel like they are in the middle of the action.

It’s the kind of premium experience that most people would expect to pay extra for but Schilowitz says part of the point of Escape is to give viewers a more theme-park like experience without charging any more for a ticket.

One of the biggest trends right now is people watching other people play video games.

Russia’s economy is at a turning point. Following a decade of spectacular growth fueled by high energy prices, the country could either use its newfound riches to finance much-needed modernization and become a driver of innovation and growth, or muddle through by continuing to rely on its large yet maturing hydrocarbon base.

Ranking the importance of different drivers for Russia’s economic development in terms of impact and uncertainty over the way in which they may evolve over time, the group highlighted oil and gas prices as well as economic diversification and competition as critical uncertainties (see exhibit).

Amazon Wants Live-Streaming Sports Rights for Prime Video, But What Will It Really Be Able to Secure?

Despite the high prices and paucity of available rights, Amazon has been making the rounds recently at a number of leagues and rights-holders about potential deals. According to a Wall Street Journal report citing anonymous sources, Amazon has met with the NBA, NFL and Major League Baseball, as well as Major League Soccer, the ACC, and other smaller players to discuss licensing their content.

According to the National Association of Theatre Owners, US movie attendance peaked in 2002 and has been steadily declining ever since. To compensate, theatres have rolled out new technologies such as 3D, Imax and premium large-format cinemas, raising their ticket prices and thus keeping the box office at record-breaking levels

The majority of us are increasingly staying home.

At Cannes this year, the studio with the most films in competition

With huge-flat screen TVs becoming more affordable — and more original TV content being produced — cinemas have to step up their game to keep pace in the arms race with home theaters. That’s why theater chains are coming out with better food, reclining chairs, and more supersized screens like Imax to take full advantage of the special effects in many tentpole blockbusters.

The theater, which opens to the public Friday night, now has a lobby that’s part of the show (and soon, a camera-based audience data gathering tool to go with it), and a cinema equipped with the showpiece Barco Escape, which combines three screens in a U-shaped pattern that gives the viewer almost a cockpit-type perspective of the action.

“The Maze Runner” and its sequel, “Maze Runner: Scorch Trials,” were the first — and only — two films with scenes optimized for Barco Escape, but with dozens of Imax films coming out every year, there needs to be a much broader pipeline of content to compete with other large format

Founded in California four years ago, Coursera has become one of the world's biggest providers of "massive, open, online courses" - known as Moocs. The online platform has 20 million students following courses from about 145 prestigious universities and institutions around the world.But most of the online courses have been short units that give students a certificate, rather than a full degree or credits towards a degree.

Coursera has announced a partnership with the US State Department to help refugees to access online courses to improve their job chances, such as English language lessons or computer coding.It would remove any costs from studying, such as fees for certificates showing the completion of courses.

EdX is offering a range of online courses from Arizona State University - and if a student passes eight of these, costing $200 (£150) each, it counts as the equivalent of a first year at university.

The SUPER AWESOME ME experience begins when the fan visits an in-store scanning station where a 3D face scanner captures their likeness to create a 3D model.

At launch, fans can visit one of 10 Walmart or two Sam’s Club stores to create a personalized 12” action figure. The SUPER AWESOME ME figure features a traditional 12” articulated plastic action figure body and a full color 3D printed head. Recommended for fans ages 4 years and older and available for an approximate retail price of $45, the SUPER AWESOME ME figure will be available for pick up at Walmart locations or ship to Sam’s Club customers in four weeks.

A company in Japan is building an indoor lettuce farm that will be completely tended by robots and computers.

The company, named Spread, expects the factory to open in 2017, and the fully automated farming process could make the lettuce cheaper and better for the environment.

The plants can be grown hydroponically without exhausting soil resources.

Startup tech company Zwift have launched a new online cycling that looks to change the way we train indoors

online multiplayer cycling game that looks to revolutionise indoor training

The game allows cyclists from all over the world to meet and ride together in virtual reality, possibly putting an end to tedious and lonely turbo training sessions

Mattel unveiled its new, $300 3D Printer, the “ThingMaker,” which will allow children to print their own toys at home

While there are affordably priced 3D printers available today, the software that works with them can sometimes have a learning curve that can hinder adoption. With the new application, live now on iOS and Android, the goal was to make it easy enough for anyone to design their own toys – even younger children

The idea isn’t just to print an object and be done, however – instead, kids will print parts that can be assembled to form larger creations, like dolls, robots, dinosaurs, scorpions, skeletons, bracelets or necklaces, for example