The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices … Read more
A woman rides her bicycle with the Marina Bay Sands hotel and high-rise buildings in the background in Singapore on Sept. 4, 2023. Roslan Rahman | AFP | Getty Images Singapore will introduce tighter rules for cryptocurrency service providers, following feedback on its proposed regulations, said the city-state’s financial authority. “The consulted proposals detail business … Read more
CHONGQING, CHINA – NOVEMBER 5, 2023 – High-rise buildings are seen in downtown Chongqing, China, November 5, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. Retail sales grew by 7.6% … Read more
Thrifting is back, though this time it has a tech spin on it. An entirely new generation has discovered the pleasures of digging through other people’s discarded clothes in the hopes of finding the perfect piece. Hoping to cash in on the trend, companies have been embracing resale platforms, allowing them to capture some residual … Read more
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Just as Netflix is getting out of one business with the closure of its DVD rentals, it looks like it’s getting into the physical realm in a different way. Bloomberg reports that the streamer is planning to launch new retail destinations — dubbed Netflix House — that will offer not only things to buy but … Read more
Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a … Read more
Hugh Jackman seeks solace in retail therapy amidst split from Deborra-Lee Furness Amid the recent announcement of his separation from wife Deborra-Lee Furness, Hollywood actor Hugh Jackman sought solace in retail therapy. The 54-year-old Marvel star was spotted indulging in some shopping in Manhattan on Thursday, perhaps as a way to cope with the challenging … Read more
Anyone who has shopped on Amazon will have seen the Buy Box with its peppy yellow and orange Add to Cart and Buy Now buttons. The US Federal Trade Commission has seen it too, and made it central to an antitrust case filed against Amazon today. The long-anticipated government complaint, joined by 17 state attorneys … Read more
Text size Lazer brazing at Ford plant in Oakville, Ontario. Hourly workers at the plant have a new labor deal. Courtesy Ford Labor deals in the car business are possible. A deal between the United Auto Workers and the Detroit-Three auto makers might be closer than investors expect. Just look north. Ford Motor (ticker: F) … Read more
China’s huge actual property market has struggled after a long time of debt-fueled, fast development. Bloomberg | Bloomberg | Getty Pictures BEIJING — China reported July information that broadly missed expectations. The Nationwide Bureau of Statistics report additionally didn’t embrace the unemployment determine for younger folks, which has soared to report highs in current months. … Read more