Ultra-fast-fashion giant Shein said it will invest €250 million ($271 million) in British and European designers and circularity initiatives over the next five years as it seeks to manage a regulatory crackdown targeting “fast fashion” and drum up support for a potential IPO in London. The disruptive Singapore-based e-tailer said Tuesday that it plans to […]
Chilean retail giant Parque Arauco is making a bold move in Colombia with the acquisition of Parque Alegra in Barranquilla. This purchase through a local subsidiary solidifies Parque Arauco’s commitment to expanding its footprint in Colombia. With established presence in Chile, Peru, and Colombia, the Santiago-based firm already owns malls that host notable brands including […]
Navigating the digital business world, innovation is key. One emerging trend is the integration of generative AI in customer service. A prime example is the use of AI chatbots. AI chatbots streamline customer service by providing instant responses. Companies like H&M use them for answering common queries, which saves time and reduces the workload on […]
In the transforming landscape of identification, the UK finds itself at a crucial crossroads, debating between digital IDs and national ID cards. This conversation isn’t new; it harks back to the discontinuation of national ID cards in 2010 due to privacy concerns and civil liberties opposition. Proponents of digital IDs argue they offer unmatched convenience […]
Moving Beyond Internet Explorer: A Business Imperative Despite lasting over two decades, Internet Explorer (IE) is reaching its twilight. For businesses that have yet to transition away from the browser, the time is now. Transitioning from IE is not merely a matter of updating software but safeguarding operational efficiency and security. Microsoft stopped supporting most […]
In a significant response to OpenAI’s recent restrictions, Chinese AI titan SenseTime has unveiled its latest language model, SenseNova 5.5, at the World AI Conference in Shanghai. This development comes amid escalating tech disputes between the U.S. and China, particularly in the realm of artificial intelligence. SenseNova 5.5 is designed to parallel OpenAI’s GPT-4, making […]
AI stocks are experiencing a significant surge, catching the attention of investors and analysts. This sharp rise prompts experts to advise profit-taking strategies as a precaution against potential market volatility. The Citi team, led by Drew Pettit, highlights that historically, such strong upward trends often precede periods of instability or corrections, though they stop short […]
Ahead of the Olympics, France Ramps Up War on Fakes Police crackdown on street merchants in Seine-Saint-Denis, where one in three lives in poverty according to French national statistics, has drawn criticism for pushing people already in economically precarious situations into further difficulty. In the touristy Saint-Ouen flea market, not far from the Stade de […]
In an era where digital transformation is crucial, innovation in policing technology is taking center stage. Recently, the Prime Minister of Vanuatu visited Huawei to explore the latest advancements in this domain. The meeting aimed to understand how cutting-edge technology can bolster policing efforts in Vanuatu, improving public safety and operational efficiency. Huawei showcased its […]
In June, British consumers curbed their spending on clothing, attributing their frugality to a colder-than-usual month. This decline reflects an overarching sentiment that adverse weather can hinder economic growth. According to Barclays Plc, retail sales dipped by 0.6% year-on-year—the first drop since the Covid-19 lockdown in early 2021. Similarly, the British Retail Consortium (BRC) and […]
