Others
The latest news
Alexander Wang releases response to sexual assault claims via Instagram
Designer Alexander Wang has denied accusations of sexual assault claims in multiple statements, the latest being via Instagram.
Fashion
UK and EU both approve Brexit trade deal, no tariffs, but more paperwork
British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the EU on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
Fashion
"Zero tariff and quota" Brexit trade deal agreed at 11th hour
The UK and the EU have agreed a trade deal almost at the last minute with the existing transitional deal that followed the UK's official EU exit earlier this year due to expire in just a week.
Fashion
China launches probe into Alibaba for suspected monopolistic behaviour
China has launched an investigation into Alibaba Group for suspected monopolistic behaviour, regulators said on Thursday.
Others
Brexit trade deal marathon heads to the finish line
Britain and the European Union appeared close to clinching a long-elusive trade agreement on Wednesday, raising hopes that they were now set to avoid a turbulent economic rupture on New Year’s Day.
Others
Pontegadea increases UK subsidiary's share capital by over €50 million
The investment company owned by Inditex’s founder Amancio Ortega has boosted its Pontegadea UK subsidiary with a €51.1 million share capital increase, readying it to carry out further investment.
Others
Indian TikTok clone gets Google, Microsoft backing in $100 million fund raise
The Indian parent of a TikTok copycat has raised more than $100 million from investors including Alphabet Inc’s Google and Microsoft, months after the Chinese-owned short-video app was banned in the country.
Others
UK economy saw partial recovery in Q3, recession risks ahead
Britain’s economic recovery from its coronavirus crash was quicker than previously thought in the third quarter, according to official data, but new lockdowns are threatening to cause a another recession.
Others
Under Armour completes sale of the MyFitnessPal platform to Francisco Partners
The company first announced that it would sell MyFitnessPal to Francisco Partners for a total of $345 million in October.
Fashion
More than 150 million consumers planning to shop on Super Saturday
According to a report from NRF, more than 150 million U.S. consumers intend to shop on Super Saturday, the second-highest number of anticipated shoppers on the day since 2016.
Fashion
Indonesia e-commerce giant Tokopedia aims for $1 billion dual U.S., domestic IPO - sources
Indonesia's Tokopedia is lining up an initial public offering (IPO) worth at least $1 billion next year, sources said, in what could be the biggest overseas listing by a Southeast Asian start-up.
Fashion
FedEx profit leaps on rate hikes, e-commerce shipments
U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
Others
'Gorilla' Google hit with third lawsuit as U.S. states sue over search dominance
The lawsuit against the company's parent Alphabet Inc follows years of complaints that it and other big tech firms including Facebook and Amazon use their massive market power to smite competitors in pursuit of profits.
Others
E-commerce firm Wish sees shares fall 5% in market debut
Shopping app Wish’s parent company ContextLogic Inc saw its share price fall more than 5% in its trading debut on Wednesday, after raising $1.1 billion in an initial public offering (IPO).
Others
U.S. retail sales decrease more than expected in November
U.S. retail sales fell for a second straight month in November, likely weighed down by raging new Covid-19 infections and decreasing household income.
Others
Facebook to test relaunched Instagram Lite in India
Facebook Inc said on Wednesday it is testing a new, less data-intensive version of its photo and video sharing app Instagram in India, a key growth market for the U.S. social media giant.
Others