Zalando challenges EU tech rules, seeks exemption Zalando, the European e-commerce giant, is making waves in the tech industry by challenging EU regulations that it believes are not tailored to its business model. The company is pushing back against being lumped together with behemoths like Amazon and AliExpress, arguing that it operates differently and should […]
Italian Court Lifts Controls Placed on Armani Company Over Labour Practices
Italian Court Lifts Controls Placed on Armani Company Over Labour Practices Italian fashion powerhouse Armani can breathe a sigh of relief as the Italian court recently lifted the controls placed on the company over its labor practices. This decision comes after the company diligently worked on implementing the necessary changes to its organizational model and […]
Google settles tax dispute in Italy for 326 million euros
Google Settles Tax Dispute in Italy for 326 Million Euros Tech giant Google recently reached a settlement in Italy, putting an end to a long-standing tax dispute. The company agreed to pay a hefty sum of 326 million euros following allegations of tax evasion in the European country. This legal case sheds light on the […]
Microsoft secures solar power deal with EDP renewables
Microsoft Secures Solar Power Deal with EDP Renewables In the fast-paced world of technology, sustainability is becoming a key focus for industry leaders. As data centers continue to grow in size and number, the demand for clean energy to power these facilities has never been higher. Tech giants like Microsoft are at the forefront of […]
Puig Posts 14% Rise in Holiday Sales
Puig Posts 14% Rise in Holiday Sales Puig, the Barcelona-based powerhouse known for its luxurious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has recently reported a significant surge in holiday sales. The company disclosed that its net sales for the final quarter of the year, spanning from October to December 31, […]
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates VF Corp, the parent company of popular brands like Vans, has recently made a significant comeback in the retail industry. After facing two consecutive quarterly losses, the company has managed to turn a profit and exceed second-quarter sales estimates. This impressive achievement has not only […]
This Week: Luxury’s Reality Check
Luxury’s Reality Check: LVMH Fourth-Quarter Results Awaited with Bated Breath Luxury conglomerate LVMH, home to prestigious brands like Louis Vuitton, Dior, and Moët & Chandon, is set to release its fourth-quarter results. The stakes are high as industry insiders eagerly anticipate whether the report will confirm signs of a rebound in the luxury sector or […]
Investment plan may resolve Indonesia-Apple dispute
Investment Plan May Resolve Indonesia-Apple Dispute Indonesia is on the brink of reaching a pivotal agreement with tech giant Apple that could potentially put an end to the ban on the iPhone 6 in the country. This development comes after a prolonged period of negotiations and tensions between the Indonesian government and Apple over compliance […]
Google invests in Indian biochar initiative to offset emissions
Google Partners with Varaha to Drive Sustainable Innovation in India’s Biochar Sector In a groundbreaking move towards environmental sustainability, Google has recently announced a significant partnership with Varaha, an Indian biochar initiative. This collaboration marks a crucial step in the tech giant’s ongoing efforts to offset emissions and reduce its carbon footprint. By investing in […]
Shein Adds More Banks to Arrange London Listing
The online fashion retailer Shein is preparing for a significant move in the financial landscape of the UK by expanding its initial public offering (IPO) efforts. Recent developments indicate that Shein has enlisted additional financial institutions to support its ambitious plans, which could place its valuation at a staggering £50 billion ($65 billion). This IPO […]