China-based fashion brand Shein has quietly filed to go public in the US, as reported on Monday, according to two people familiar with the situation. Here are some important details: Who Is Shein? Since its founding in 2012 by Chinese businessman Chris Xu, Shein has expanded to become a worldwide fashion marketplace that, according to…
In an effort to encourage families to contribute to China’s fight against climate change, the local government is encouraging passengers at a glittering new metro station on the outskirts of Shenzhen to collect “carbon coins” that they can then exchange for shopping vouchers and travel cards. The “Carbon Road for Everyone” programme in the southeast…
The United Nations World Tourism Organisation states that one of the travel industry’s fastest-growing segments is sports tourism. According to Lisa Delpy Neirotti, director and professor of George Washington University’s Sport Management Programme, the industry is enormous and will only continue to expand. “The sport tourism market will continue as long as new opportunities to…
The conflict between hybrids and electric cars appears to have taken a new turn as Elon Musk of Tesla Inc. has apparently decided to put more emphasis on hybrids. According to a Wall Street Journal story, Musk confronts a struggle as U.S. EV sales growth slows and hybrids acquire new popularity. Musk wants to overtake…
For 12,000 workers in the UK, KPMG has frozen pay; they will not receive raises unless they are promoted. This follows the deals advisory arm’s layoffs and salary freezes. Roughly 12,000 UK employees’ salaries have apparently been suspended by KPMG, one of the Big Four accounting firms. The Financial Times reported that KPMG executives told…
Diamonds have long been coveted, from Greek mythology to Marilyn Monroe’s Hollywood and De Beers’ astute marketing. However, due to the recent collapse in pricing, the once-dazzling stones have started to lose their lustre. “The current softness in natural diamond prices is primarily a correction, following what I would say is a record run up…
After weeks of deadly bombings and naval bombardments in response to Hamas’ offensive on October 7, the Israeli army began a military campaign in Gaza. In keeping with its pledge to demolish Hamas, Israel has murdered at least 13,000 Palestinians, including more than 5,500 children, and damaged or destroyed up to 51.4% of the buildings…
In what looked to be a more muted Black Friday than in previous years, consumers descended upon stores worldwide in search of deals on electronics, apparel, and household products as the start of the holiday shopping season—a critical period for major retailers. Brokerage TD Cowen predicted flat Black Friday traffic, so it cut its projection…
According to government data, electronics worth a record $74 million, including solar panels and microchips primarily from Malaysia and Vietnam, were either refused entry into the United States in September or had their components inspected for evidence of forced labour in China. Tighter U.S. regulations aimed at addressing human rights abuses in China’s Xinjiang region—home…
In a show of support for physical businesses in an increasingly online era, British music retailer HMV will open its former flagship location on Oxford Street in London on Black Friday after a four-year hiatus. The store will sell vinyl records, apparel, and merchandise. Composer Edward Elgar opened the first HMV store at 363 Oxford…
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