China’s Reusable Rocket Cleared 1,100-Ton Thrust Test to Rival Elon Musk’s SpaceX China’s push to field reusable rockets took a significant step forward this week after Beijing-based space contractor CASIC (China Aerospace Science and Industry Corporation) successfully tested a 1,100-ton thrust engine. The milestone marks a substantial leap in China’s space capabilities, bringing them closer […]
Amer Sports Falls as Premium Outerwear Brand Arc’teryx Slows
Amer Sports Falls as Premium Outerwear Brand Arc’teryx Slows Amer Sports, the Finnish sporting goods conglomerate, recently faced a setback as its premium outerwear brand Arc’teryx experienced a slowdown in sales. Despite this challenge, Amer Sports remains optimistic about the future and has even raised its full-year outlook for the second time this year. Arc’teryx, […]
ChatGPT checkout could sideline major platforms
ChatGPT Checkout Could Sideline Major Platforms Retailers worldwide are bracing themselves for a major shakeup in the e-commerce industry as OpenAI’s ChatGPT prepares to enter the arena of online retail transactions. This move could potentially sideline major platforms and revolutionize the way consumers shop online. OpenAI’s ChatGPT, known for its advanced natural language processing capabilities, […]
Italian Regulator Fines Giorgio Armani €3.5 Million for Unfair Commercial Practices
Italian Regulator Slaps Giorgio Armani with €3.5 Million Fine for Unfair Commercial Practices Italian luxury fashion powerhouse Giorgio Armani has found itself in hot water as the Italian antitrust regulator imposed a hefty fine of €3.5 million. The regulatory body cited that the fashion group, along with one of its units, had been engaging in […]
Shadow AI and poor governance fuel growing cyber risks, IBM warns
Shadow AI and Poor Governance: Addressing the Cyber Risks As technology continues to advance at a rapid pace, businesses are increasingly turning to artificial intelligence (AI) to streamline operations, enhance decision-making processes, and gain a competitive edge in the market. However, this reliance on AI comes with its own set of risks, particularly when it […]
Ray-Ban Maker EssilorLuxottica Sales Top Estimates
Ray-Ban Maker EssilorLuxottica Sales Top Estimates Luxury eyewear giant EssilorLuxottica, the company behind iconic brands like Ray-Ban and Oakley, has once again surpassed sales estimates, showcasing its resilience and strong market presence. The latest financial report reveals that the company’s performance was particularly driven by robust growth in Europe, where demand for high-quality eyewear remains […]
Are Luxury Megabrands Broken?
Are Luxury Megabrands Broken? Luxury megabrands like LVMH, Kering, and Chanel have long been the epitome of sophistication, exclusivity, and success in the fashion world. However, recent simultaneous crises within these giants have raised concerns about the sustainability of the luxury megabrand model. From shifting consumer preferences to global economic challenges, these industry leaders are […]
Kenvue Announces CEO Departure, Strategic Review
Kenvue Announces CEO Departure, Strategic Review Kenvue, a prominent player in the tech industry, recently made waves with the announcement of the departure of Thibaut Mongon, the company’s CEO. This unexpected move has sparked curiosity and speculation within the business community, leaving many wondering about the future direction of the company. However, in the midst […]
Swedish firm’s battery simulator can boost EV, eVTOL’s range with real-world like testing
Swedish Firm’s Battery Simulator Can Boost EV, eVTOL’s Range with Real-World Like Testing A Swedish firm has recently demonstrated its battery cell simulator that can boost EV performance. This innovation comes at a crucial time when the demand for electric vehicles (EVs) and electric vertical take-off and landing (eVTOL) aircraft is soaring. The simulator replicates […]
Meta pursues two AI paths with internal tension
Meta’s Dilemma: The Clash of AI Philosophies Within the Tech Giant Meta, formerly known as Facebook, has long been at the forefront of AI development, leveraging cutting-edge technologies to enhance user experiences and drive innovation. However, a recent internal tension has emerged within the tech giant, revolving around the company’s AI strategies and the direction […]