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LVMH-backed fund is buying a big chunk of Tod’s as leather driving loafer maker struggles to remain relevant in luxury world
Finance
LVMH-backed fund is buying a big chunk of Tod’s as leather driving loafer maker struggles to remain relevant in luxury world
By Flavia Rotondi and BloombergFebruary 12, 2024
‘Success breeds success’: How a 1,400-hectare plot became the hub of the global chip industry—and the world economy
Tech
‘Success breeds success’: How a 1,400-hectare plot became the hub of the global chip industry—and the world economy
By Lionel LimFebruary 11, 2024
people seen walking outside a hermes store
Retail
Hermès looks to raise prices as wealthy shoppers continue splurging on Birkin and Kelly bags, driving sales up 21% last year
By Prarthana PrakashFebruary 9, 2024
Twenty-one million Indonesians, almost the population of Florida, will go online by 2027. The country’s second-largest telco wants to ‘tap that opportunity’
Tech
Twenty-one million Indonesians, almost the population of Florida, will go online by 2027. The country’s second-largest telco wants to ‘tap that opportunity’
By Lionel LimFebruary 9, 2024
Tourists are seen eating and drinking at an outdoors terrace
Lifestyle
Americans are traveling to Europe in record numbers but they’re not always welcome. Here’s what cities are doing to staunch overtourism
By The Associated PressFebruary 8, 2024
Alibaba wakes up to competition from PDD and ByteDance, promising to ‘reignite’ growth as disappointing results send shares down 6%
Finance
Alibaba wakes up to competition from PDD and ByteDance, promising to ‘reignite’ growth as disappointing results send shares down 6%
By Lionel LimFebruary 7, 2024
The CEO of Southeast Asia’s largest bank is taking a $3 million pay cut because of broken digital banking services
Finance
The CEO of Southeast Asia’s largest bank is taking a $3 million pay cut because of broken digital banking services
By Lionel LimFebruary 7, 2024
Huawei shrugs off U.S. sanctions to take top place in China’s smartphone market—but its new AI chips might be an even bigger achievement
Tech
Huawei shrugs off U.S. sanctions to take top place in China’s smartphone market—but its new AI chips might be an even bigger achievement
By Nicholas GordonFebruary 6, 2024
BP Plc surged to a two-month high after accelerating share buybacks. Chief Executive Officer Murray Auchincloss was appointed last month.
Finance
BP investors send shares soaring as new CEO woos them with $250m buyback boost after his predecessor Bernard Looney’s abrupt resignation
By Laura Hurst and BloombergFebruary 6, 2024
Soccer superstar Lionel Messi sat out an exhibition game in Hong Kong, and it cost the organizers $1.9 million in government money
Leadership
Soccer superstar Lionel Messi sat out an exhibition game in Hong Kong, and it cost the organizers $1.9 million in government money
By Nicholas GordonFebruary 5, 2024
A Taiwanese scooter startup is taking battery-swapping global—and wants to bring legacy brands like Yamaha and Suzuki along for the ride
Tech
A Taiwanese scooter startup is taking battery-swapping global—and wants to bring legacy brands like Yamaha and Suzuki along for the ride
By Lionel LimFebruary 2, 2024
AI will not be a mass destroyer of jobs, says U.K. central bank chief: ‘I’m an economic historian. Economies adapt’
Tech
AI will not be a mass destroyer of jobs, says U.K. central bank chief: ‘I’m an economic historian. Economies adapt’
By Ryan HoggFebruary 2, 2024
Apple loses $84 billion in value after reporting weak sales in China, the ‘most competitive smartphone market in the world’
Tech
Apple loses $84 billion in value after reporting weak sales in China, the ‘most competitive smartphone market in the world’
By Lionel LimFebruary 2, 2024
A German dealership is launching a BYD-only showroom in Berlin, as Tesla killer tries to make its presence in Europe known
Retail
A German dealership is launching a BYD-only showroom in Berlin, as Tesla killer tries to make its presence in Europe known
By Ryan HoggFebruary 1, 2024
ByteDance CEO is mad at his employees for missing the AI wave. He’s the latest Chinese tech executive to fret about being too slow to adapt
Leadership
ByteDance CEO is mad at his employees for missing the AI wave. He’s the latest Chinese tech executive to fret about being too slow to adapt
By Lionel LimFebruary 1, 2024
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