The Independents Expand Their Portfolio with the Acquisition of Culinary Studio We Are Ona The Independents, a well-known conglomerate with a diverse portfolio spanning various industries, has made a strategic move by acquiring the renowned Culinary Studio We Are Ona. This latest acquisition not only signifies the conglomerate’s expansion but also marks its official entry […]
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem In the world of luxury fashion, few brands command the same level of prestige and influence as Gucci, a powerhouse under the umbrella of the French conglomerate Kering. However, in recent years, Kering’s heavy reliance on Gucci for the majority of its profits has raised […]
Sea Profit Tops Estimates as Online Shoppers Keep Spending
Sea Profit Tops Estimates as Online Shoppers Keep Spending Sea Ltd., a prominent player in the Southeast Asian e-commerce market, has once again showcased its dominance by surpassing analysts’ predictions with its first-quarter profit. This accomplishment not only highlights Sea’s resilience but also sheds light on the continuous growth and potential of the online shopping […]
Shiseido Earnings Decline 8.5%, Drunk Elephant Sales Slide 65%
Shiseido Earnings Decline 8.5%, Drunk Elephant Sales Slide 65% Japanese cosmetics powerhouse Shiseido is feeling the sting of shifting market dynamics as it reported an 8.5 percent decrease in sales. This decline, announced on Monday, has sent ripples through the beauty industry, indicating challenges that even major players are facing in the ever-competitive market. One […]
New Hampshire allows public fund allocation to Bitcoin
New Hampshire Pioneers in Allocating Public Funds to Bitcoin In a groundbreaking move that showcases a forward-thinking approach to financial management, New Hampshire has recently passed a new law that allows for up to 10% of public funds to be allocated to high-cap cryptocurrencies such as Bitcoin. This decision marks a significant shift in traditional […]
New Zealand central bank warns of AI risks
New Zealand Central Bank Warns of AI Risks The Reserve Bank of New Zealand has recently raised concerns regarding the potential risks associated with the increasing reliance on a handful of artificial intelligence (AI) providers. According to the bank, this growing dependence on a limited number of AI companies could exacerbate financial contagion risks and […]
TikTok moves into Japanese E-commerce
TikTok Expands Reach into Japanese E-commerce Market As the uncertainty looms over the fate of TikTok in the United States due to the unresolved deal, the popular social media platform is strategically shifting its focus towards international expansion. With a keen eye on diversifying its user base and revenue streams, TikTok has set its sights […]
China freezes rare earth exports, choking global tech and defense supply chains
China Freezes Rare Earth Exports, Choking Global Tech and Defense Supply Chains The U.S.-China trade war has entered a dangerous new phase of geopolitical arm-twisting. On April 2018, China’s Ministry of Industry and Information Technology announced plans to limit the export of rare earth elements, crucial components in the manufacturing of high-tech products like smartphones, […]
For Canadians, Trump’s ‘51st State’ Talk Is No Joke
For Canadians, Trump’s ‘51st State’ Talk Is No Joke In recent times, the relationship between the United States and Canada has been a rollercoaster ride, with tensions ebbing and flowing like the unpredictable tides of the sea. The latest storm on the horizon? President Trump’s eyebrow-raising comments hinting at the possibility of considering Canada as […]
A Russian economist criticises Bitcoin reserves as an economic risk
The Risks of Bitcoin Reserves: Insights from a Russian Economist In the realm of economic strategies and financial reserves, the concept of cryptocurrency, particularly Bitcoin, has been a topic of increasing interest and debate. While some countries have started to explore the idea of integrating Bitcoin into their national reserves, a notable Russian economist has […]