IBM’s GenAI Center Accelerates AI in India IBM has inaugurated its new GenAI Center in India, aiming to push the boundaries of artificial intelligence (AI) in the region. This center is expected to significantly boost innovation, productivity, and expertise in generative AI. The GenAI Center will act as a hub for developing advanced AI technologies. […]
Samsung Secures AI Chip Order from Japan Samsung Electronics has clinched a significant deal to supply AI chips to a major Japanese client, further solidifying its presence in the semiconductor market. This new order involves chips designed by South Korea’s Gaonchips Co., a renowned design company. These advanced chips will utilize gate-all-around (GAA) architecture, an […]
A groundbreaking carbon storage technology has emerged, promising to revolutionize the way we combat climate change. Unlike current methods that rely on harmful chemical accelerants, this new technology operates much more rapidly, offering a safer and more efficient solution for carbon capture. Traditional carbon storage techniques are typically slow and often involve the use of […]
Burberry’s latest revamp has faltered. Sales dropped 12 percent in the first three months of 2024. The British trench coat maker isn’t the only luxury player that’s struggling in a cooling luxury market, of course. Gucci’s sales fell 20 percent in the first quarter. But Burberry’s poor performance has ratcheted up the pressure on those […]
In 2019, Liela Touré, working in public relations at a high-end e-commerce retailer, suggested forming an employee resource group for racial-minority staff. The company’s global social responsibility manager shared that similar proposals had repeatedly been dismissed by senior executives. Everything changed in 2020 after the death of George Floyd. The global protests and feedback from […]
Pamela Love, acclaimed for her innovative jewellery designs, has reacquired her eponymous brand from RedLuxury Group. The Paris-based investment firm secured an 80 percent stake in her business in 2019. “We were not aligned on business practices and strategies,” said Love, highlighting discrepancies with investor expectations. The rebuy happened through a strategic collaboration with Alex […]
**How to Optimise Brand Performance Strategies to Reach Gen-Z Consumers** Gen-Z, born between 1995 and 2009, constitutes 30% of the global population and wields a staggering $450 billion in spending power, according to the BBC. As this group grows in influence, fashion and beauty brands are sharply focusing on strategies to engage them effectively. Aligning […]
Nike Brings Back Retired Executive to Fix Slumping Retail Sales Nike Inc. has rehired Tom Peddie, a veteran executive with 30 years of experience at the company, as vice president of marketplace partners to address declining retail sales. Peddie had retired in 2020, but his return comes as Nike aims to mend relationships with retailers […]
France faces political uncertainty following a surprising victory by a left-wing coalition in Sunday’s legislative elections, without any party achieving a majority needed to govern. The New Popular Front, composed of Socialists and far-left France Unbowed, secured 178 seats in the National Assembly. Marine Le Pen’s National Rally, which was expected to win, came third […]
Scentbird co-founder and chief executive Mariya Nurislamova is well-known for her entrepreneurship insights. She frequently speaks at business events and features on podcasts, sharing her strategies on fundraising, marketing, branding, and product management at Scentbird, a subscription service offering fragrance samples from brands such as Burberry and D.S. & Durga. Simultaneously, Nurislamova has gained attention […]
