Friday, 24 May 2024

Business

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To Survive the Pandemic, Savile Row Cuts a Bespoke Strategy

With formal events and travel canceled, the tradition-bound tailors are gently embracing technology — and finding leverage on their landlords. Dario Carnera, the head cutter at Huntsman, with Mr. Hammick, a wheeled robot that can be sent abroad to help measure clients during the pandemic.Credit…Tom Jamieson for The New York Times Supported by By David Segal […]

What shape will S'pore's economic recovery take?

Like most countries, the impact of Covid-19 on Singapore’s economic activities has been severe. In the second quarter of this year, the Republic’s economy experienced a historic contraction of 13.2 per cent. At this run rate, the annualised rate represents a contraction of 42.9 per cent in economic output. Please subscribe or log in to […]

Donald Trump bans US investment in firms linked to Chinese military

Donald Trump’s White House has fuelled tensions with Beijing by banning US investment in firms it says have ties to the Chinese military. The executive order, due to come into force on 11 January, is designed to stop American businesses, pension funds and others from buying stocks in 31 companies designated by the Pentagon earlier […]

Donald Trump bans US investment in firms linked to Chinese military

Donald Trump’s White House has fuelled tensions with Beijing by banning US investment in firms it says have ties to the Chinese military. The executive order, due to come into force on 11 January, is designed to stop American businesses, pension funds and others from buying stocks in 31 companies designated by the Pentagon earlier […]

Uneasy Under Lockdown, Pubs in England Count the Days Till Christmas

LONDON — At the Crooked Well, a neighborhood pub in south London that prides itself on its food, the Christmas menu is already decided. There will be venison and beef stews. But whether the stews will actually be served is another question. Under a new lockdown planned to last a month, pubs in England have […]

Cano Health to list via $4.4 billion merger with Barry Sternlicht-backed SPAC

Barry Sternlicht, Chairman and CEO of Starwood Capital Group, speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson(Reuters) – Healthcare provider Cano Health LLC will be taken public through a merger with a blank-check company backed by real estate investor Barry Sternlicht, in a deal worth $4.4 […]

DBS aims to manage $13.5 billion of family office assets by 2025

SINGAPORE (BLOOMBERG) – DBS Group Holdings is seeing a surge in accounts for family offices and expects to have more than US$10 billion (S$13.5 billion) in related assets under management by 2025. Lee Woon Shiu, a managing director who heads up wealth planning at DBS Private Bank in the region, said the amount of assets […]

Nasdaq jumps as Wall Street pivots back to tech, oil ends off highs

NEW YORK (Reuters) – Tech led the S&P 500 and the Nasdaq higher and crude prices extended their rally on Wednesday, as hopes of potential COVID-19 were tempered by spiking coronavirus infections and the looming threat of new lockdowns.FILE PHOTO: The Nasdaq building in Times Square is illuminated in blue as part of the “Light […]

Lenzing Carves New Path for Textile Transparency With Blockchain

Fiber firm Lenzing is reaching new heights with its blockchain-enabled traceability platform — and its technology, powered by TextileGenesis, has helped light the path. Lenzing partnered with the Hong Kong-based firm in 2019 and began using its blockchain technology that ensures the traceability of textiles from fiber to production and distribution, Lenzing said. And now, […]

China, Digital Help Tod’s as Group Reports Drop in 9M Sales

MILAN — Double-digit growth in China in the third quarter and very strong gains in the group’s e-commerce channel stirred Diego Della Valle, chairman and chief executive officer of the Tod’s Group to say he was “convinced that, after these moments [hurt by the pandemic],” the company “will be able to perform very well, thanks to […]