US Consumer Spending Continues to Strengthen in August As the backbone of the American economy, consumer spending has once again shown its resilience and vitality in the month of August. Accounting for more than two-thirds of economic activity, consumer spending saw a solid increase of 0.6 percent, indicating a positive trend in the financial behavior […]
Valentino in Talks With Banks as Luxury Drop Prompts Debt Breach
Valentino in Talks With Banks as Luxury Drop Prompts Debt Breach The luxury fashion industry has been facing unprecedented challenges in the wake of the global pandemic, with even the most prestigious brands feeling the strain. One such brand is the iconic Italian fashion house Valentino, which has found itself in a precarious position as […]
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul South Korea’s art scene has long been known for its vibrancy and innovation, attracting artists and collectors from around the world. However, recent data suggests that the country’s art market is currently facing some challenges, casting a shadow over events like Frieze Seoul. Frieze […]
Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last
Swiss Watchmakers Sound Upbeat on US as Long as Stocks Last Swiss watchmakers have recently found a glimmer of hope amid the looming threat of a new 39 percent U.S. tariff on luxury timepieces. Despite the potential setback, a surge in exports in July has provided a much-needed shield for Swiss watch brands, softening the […]
Ancient DNA solves 1,500-year-old mystery that caused ‘world’s first pandemic’
Ancient DNA Solves 1,500-Year-Old Mystery Behind ‘World’s First Pandemic’ Researchers have finally solved the mysterious culprit behind the “world’s first recorded pandemic” — the Justinianic Plague. This ancient pandemic, which struck between 541 and 750 AD, is estimated to have wiped out up to 50 million people across Europe, Asia, and Africa. For centuries, the […]
MIT’s 1972 global collapse warning revisited: Humanity enters make-or-break decade
MIT’s 1972 Global Collapse Warning Revisited: Humanity Enters Make-or-Break Decade In 1972, the Club of Rome published “Limits to Growth,” a groundbreaking systems analysis that shed light on the interconnectedness of global issues such as population growth, resource depletion, and environmental degradation. The report warned of a potential global collapse if humanity continued on its […]
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Walmart Slumps on Rare Profit Miss, Citing Higher Claims Walmart, the renowned retail giant, recently experienced a rare profit miss, triggering a slump in its stock value. The company cited higher claims as the primary factor contributing to this unexpected financial outcome. While a profit miss is often a cause for concern among investors and […]
Report: LVMH in Talks to Offload Marc Jacobs
Report: LVMH in Talks to Offload Marc Jacobs In a recent development reported by the Wall Street Journal, luxury conglomerate LVMH is currently in discussions to offload the iconic fashion brand Marc Jacobs. The group has been engaged in talks with several potential buyers, with names such as Authentic Brands, Bluestar Alliance, and WHP Global […]
LVMH Slide Signals No Quick End to Big Luxury’s Malaise
LVMH Slide Signals No Quick End to Big Luxury’s Malaise The luxury industry has hit a rough patch, with LVMH, the sector bellwether, recently announcing a steep sales decline in its core fashion and leather goods division. This division is home to iconic brands like Louis Vuitton and Dior, making it a key indicator of […]
US agencies warn of rising Interlock ransomware threat targeting healthcare sector
Rising Interlock Ransomware Threat Targets Healthcare Sector In recent warnings issued by US agencies, the Interlock ransomware threat has been highlighted as a significant concern for the healthcare sector. This malicious software has been cunningly disguised as Chrome and Edge installers, leading to the spread of ransomware through drive-by downloads. The implications of such an […]