Brunello Cucinelli Operating Profit Up 8.8% in First Half Italian luxury fashion house Brunello Cucinelli has shown impressive resilience in the face of an industry slowdown, with its operating profit climbing by 8.8% in the first half of the year. While many companies in the luxury sector have struggled amid challenging market conditions, Brunello Cucinelli […]
Trump threatens sanctions on EU over Digital Services Act
Trump Threatens Sanctions on EU Over Digital Services Act The ongoing debate between the United States and the European Union regarding the Digital Services Act (DSA) has reached a boiling point, with President Trump threatening sanctions against the EU. The crux of the issue lies in the differing perspectives on the impact of the DSA […]
Japan’s Fujitsu targets industrial quantum leap with 10,000‑qubit machine by 2030
Japan’s Fujitsu Aims for Industrial Quantum Leap with 10,000-Qubit Machine by 2030 Fujitsu, the Japanese multinational information and communication technology equipment company, is setting its sights on a groundbreaking advancement in the world of quantum computing. With plans to unveil a 10,000-qubit quantum machine by the year 2030, Fujitsu is gearing up to revolutionize the […]
Taiwan deepens AI and digital ties at APEC summit
Taiwan Deepens AI and Digital Ties at APEC Summit Taiwan, known for its technological prowess and innovation, recently made significant strides in enhancing its cooperation in artificial intelligence (AI) at the Asia-Pacific Economic Cooperation (APEC) summit. The country’s digital minister took center stage at the summit to underscore the importance of aligning regional policies with […]
Malaysia tackles online scams with AI and new cyber guidelines
Malaysia Tackles Online Scams with AI and New Cyber Guidelines Malaysia is taking a proactive stance against the rising threat of online scams, which have resulted in staggering losses of over RM1.5 billion. In response to this alarming trend, the Malaysian government has rolled out new regulations and cutting-edge artificial intelligence tools to combat cyber […]
Rod Stewart honours Ozzy Osbourne with AI fantasy
Rod Stewart Honours Ozzy Osbourne with AI Fantasy Blending nostalgia with technology, Rod Stewart’s latest tribute transforms a classic rock farewell into a surreal glimpse at an imagined musical afterlife. The iconic rocker, known for hits like “Maggie May” and “Do Ya Think I’m Sexy,” has taken a bold step into the world of artificial […]
OpenAI pulls searchable chats from ChatGPT
OpenAI Removes ChatGPT’s Public Search Feature After Backlash Over Exposed Private Chats OpenAI, known for its groundbreaking work in artificial intelligence, recently made a decision that sent shockwaves through the tech community. The organization found itself at the center of controversy following the exposure of private conversations through ChatGPT’s public search feature. In response to […]
Kering Shares Rise as Market Looks Ahead
Kering Shares Rise as Market Looks Ahead Investors in Kering, the renowned luxury goods company, have recently demonstrated optimism as the market shifts its focus towards the future under the leadership of new CEO Luca De Meo. Despite facing another weak quarter, shareholders are choosing to look past the current challenges and instead concentrate on […]
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans Temasek, the Singapore state-owned investor, has recently made a significant move in the fashion industry by acquiring a 10% stake in the renowned Italian luxury fashion house, Ermenegildo Zegna. This strategic investment, totaling approximately 5% for $126.4 million, comes as a part of Temasek’s […]
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 […]