In a significant change at the helm of one of India’s leading luxury retail companies, Darshan Mehta has announced his departure as President and CEO of Reliance Brands Limited. After nearly two decades of steering the company since its inception in 2007, Mehta will transition into an advisory role within the parent company, Reliance Industries […]
The cosmetics industry has recently witnessed a significant shake-up following a report that sent shares of E.l.f. Beauty Inc. tumbling. Notably, the company’s stock dropped by 16% following revelations from prominent short seller Carson Block of Muddy Waters Capital. During his presentation at the Sohn conference in London, Block expressed grave concerns regarding E.l.f. Beauty’s […]
As the landscape of luxury fashion continues to shift, the emergence of crypto-native brands like 9dcc offers a compelling view into the future. Founded by crypto-influencer Gmoney in 2022, 9dcc stands as what it claims to be the first luxury brand built from the ground up on blockchain technology. With cryptocurrency prices on the rise […]
Catalonia is entering a contentious legal battle regarding its recent decision to phase out 10,000 holiday lets in Barcelona over the next five years. This initiative, aimed at addressing the pressing housing crisis in the city, has drawn the ire of the European Holiday Home Association (EHHA), which has promptly filed a complaint with the […]
The Reserve Bank of India (RBI) is taking a cautious approach towards its central bank digital currency (CBDC), the e-rupee, highlighting the need for a thorough understanding of the potential long-term effects before wider adoption. Launched in December 2022, the e-rupee’s adoption has been modest, with only 1 million retail transactions recorded by mid-2024. This […]
OpenAI, in collaboration with Common Sense Media, has recently unveiled a free training program aimed at empowering educators in the effective use of artificial intelligence, particularly the ChatGPT tool. This initiative is designed to equip teachers with practical skills for incorporating AI into their classrooms, enhancing both teaching methods and administrative efficiencies. The growing prevalence […]
In a significant move that places Microsoft at the forefront of artificial intelligence infrastructure, the tech giant has introduced two groundbreaking data centre chips aimed at enhancing AI performance and security. Unveiled during the Ignite conference, these innovations signal Microsoft’s strategic shift towards developing its own silicon, which will ultimately reduce reliance on traditional chip […]
In a bold move to simplify cross-border transactions, PayPal has joined forces with Xoom to enhance the accessibility of its stablecoin, PayPal USD (PYUSD), particularly in Asia and Africa. This strategic collaboration, announced on November 19, 2024, aims to address the needs of regions that often lack comprehensive banking services, fostering financial inclusion and modernizing […]
The global water sector is currently facing significant challenges as it seeks to reduce its environmental impact while enhancing water quality in natural water bodies such as rivers and coastlines. A key area of concern is the sustainable management of treated sewage sludge, particularly the removal of harmful per- and polyfluoroalkyl substances (PFAS), commonly referred […]
The clock is ticking for TikTok, as ByteDance—the parent company of the popular video-sharing platform—faces a crucial divestment deadline set by US authorities. Senator Richard Blumenthal has underscored that ByteDance must separate from TikTok’s US operations by January 19, 2024, or risk facing a ban on its app, a significant move driven primarily by concerns […]
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