In an impressive display of resilience amid a sluggish luxury market, Prada Group has reported a remarkable 18% surge in net revenues for the nine-month period ending this year. This growth is predominantly attributed to the astonishing success of its subsidiary brand, Miu Miu, which has achieved a staggering 105% increase in quarterly retail sales […]
Reef Adapt: A Groundbreaking Initiative for Climate-Resilient Marine Ecosystems
In an era marked by rapid environmental change, innovative solutions are vital for preserving our planet’s biodiversity. The ‘Reef Adapt’ initiative, developed by key experts from the NSW Department of Primary Industries and Regional Development (NSW DPIRD), Flinders University, and the University of Western Australia (UWA), stands as a significant advancement in promoting diverse and […]
Luxury’s Current Slowdown Could Last Longer Than Previous Crises, Chanel Watches and Jewellery President Warns
The luxury goods sector is facing significant challenges, as highlighted by Frédéric Grangié, president of Chanel Watches and Jewellery, in a recent interview with Swiss newspaper Le Temps. According to Grangié, the predominant issue plaguing the industry is not just external economic factors or wavering markets like China; rather, it is a deep-seated “luxury fatigue” […]
Estée Lauder Companies Name Stéphane de La Faverie Its New CEO
On October 30, 2024, Estée Lauder Companies confirmed that Stéphane de La Faverie will take the helm as chief executive officer, effective January 1, 2025. This announcement comes at a critical juncture for the brand, which has seen a significant decline in stock prices and mixed forecasts in recent years. Stéphane de La Faverie brings […]
AI Podcast Revives Sir Michael Parkinson: A Blend of Legacy and Innovation
A new podcast titled “Virtually Parkinson” utilizes artificial intelligence to regenerate the iconic voice of Sir Michael Parkinson, one of the most renowned chat show hosts in British television history. This innovative project, produced by Deep Fusion Films and supported by Parkinson’s family, seeks to recreate his distinctive interview style across eight carefully crafted episodes, […]
The Allegations Surrounding Luxottica's Heir: A Cautionary Tale of Data Misuse
Recent developments in the Italian legal system have thrown a spotlight on Leonardo Maria Del Vecchio, son of the late billionaire founder of Luxottica, and raised serious concerns about the misuse of sensitive data. Del Vecchio, along with three associates, has been placed under house arrest as authorities investigate allegations of unauthorized access to state […]
AI Overviews from Google Reach Over 100 Countries
In a significant move, Google has expanded its AI Overviews feature in Search to over 100 countries, now reaching a staggering audience of more than one billion users globally each month. Initially launched in the United States in May, this feature provides summarized snapshots at both the top of search results and inside specific queries, […]
AT&T Strikes Multi-Year Fibre Agreement with Corning to Grow Internet Services
In a strategic move to enhance its service offerings, AT&T has entered a significant agreement with Corning to secure fibre optic cables and connectivity solutions valued at $1 billion. This multi-year contract signals AT&T’s commitment to ramping up its high-speed internet services to meet the escalating demand in a competitive landscape increasingly focused on fibre […]
Meta's Challenge to Malaysia's New Social Media Licensing Requirements
Meta Platforms, the parent company of Facebook and Instagram, has voiced its strong opposition to Malaysia’s newly proposed regulations that require social media platforms to obtain licenses by January 1, 2025. This requirement, intended to combat online threats such as scams, cyberbullying, and sexual crimes, has stirred significant concern among tech giants and advocacy groups […]
New OSI Guidelines Clarify Open Source Standards for AI
The Open Source Initiative (OSI) has recently unveiled version 1.0 of its Open Source AI Definition (OSAID), a significant step towards establishing transparency and accessibility standards in artificial intelligence (AI). Developed through extensive collaboration among industry leaders and academic experts, OSAID aims to provide clear guidelines for what constitutes open-source AI. This initiative addresses a […]