Relaxnews Facebook has made its latest move against competitor Snapchat, capitalising on the popularity of its ‘selfie’ filters and launching a similar offering of the same as it continues to enhance its Live platform. The new Facebook photo filters have been made possible by a firm called MSQRD (pronounced masquerade) that specialises in video selfies, which Facebook acquired in ...
Read More »South Korea mulls law to keep office out of the home
AFP Hyper-wired South Korea is considering legislation that would ban bosses from bothering their staff at home, after growing complaints about the country’s already onerous work-life imbalance. A bill prohibiting managers from badgering staff at home was submitted to parliament, sponsored by 12 lawmakers from the main opposition Minjoo party. “As more firms use social media or mobile messengers ...
Read More »Little England takes over Paris catwalks
AFP The Little England look has suddenly become fashionable. Cricket jumpers, brogues, boating blazers and even neo-Morris men popped up on the recent Paris catwalk. Nor is fashion’s new-found anglophilia confined to the upper classes. Sweatpants, parkas, tartan and charity shop suits were everywhere as next year’s spring-summer menswear shows hit the runways. In what could be interpreted as ...
Read More »Qatar fund acquires French fashion house
AFP A Qatari investment fund, already owner of the Italian Valentino label, will take over French luxury fashion house Balmain, which has become a favourite of film stars, the advisor for the acquisition announced. “After completing this transaction, Mayhoola for Investments will hold 100 percent of Balmain’s capital,” Bucephale Finance, specialists in mergers and acquisitions, said in a statement ...
Read More »Takeaways from Milan menswear shows
AFP Top trends from the Milan menswear Spring-Summer 2017 fashion shows, which concluded recently: LET’S PARTY The future of exclusively menswear catwalk shows is in doubt but the cult of the ‘see and be seen party’ is alive and well. Highlights this time included Dsquared2 duo Dean and Dan Caten’s bash in their own Ceresio restaurant, which boasts spectacular ...
Read More »Japan Inc. gets Brexit bargain on $23bn outstanding deals
Tokyo / Bloomberg Japanese companies, which have embarked on a $210 billion global acquisition spree over the past three years, are getting a surprise bargain out of Brexit. The yen soared to the highest in more than two years, boosting local firms’ purchasing power for deals abroad and potentially saving them hundreds of millions of dollars on purchases they’ve ...
Read More »China tightens internet rules
Beijing / Bloomberg Chinese authorities will require Baidu Inc. and other search engines to report banned content and verify advertisers’ qualifications in its latest attempt at Internet regulation. Under rules to take effect Aug. 1, search engines operating in the country will be prohibited from providing banned information in various formats including links, summaries, cached pages, associative words, related ...
Read More »Thailand exports slump 4.4% in May
Bangkok / Tribune News Servicve Thai exports slipped for a second straight month in May, with the low value attributed to a slowdown in the global economy and low prices for farm products and oil. The Commerce Ministry said that exports fell 4.4% year-on-year in May to US$17.6 billion, with imports edging up 0.5% last month to $16 billion. ...
Read More »Climate protesters kayak to Oz PM’s harbourside home
Sydney / AFP A group of kayakers paddled to a tiny beach outside the Australian prime minister’s Sydney harbourside home on Saturday to call for action on climate change ahead of next weekend’s election. Protester Joseph Sikulu said he felt that the issue had dropped off the agenda ahead of the July 2 polls in which conservative Prime Minister ...
Read More »PBOC to study Alibaba’s shadow banking activities
Shanghai / Bloomberg China’s central bank will study shadow banking activities at Alibaba Group Holding Ltd. as it tries to ensure a fair environment exists for competition in the industry, Governor Zhou Xiaochuan said. Alibaba engages in activities that fall under the Financial Stability Board’s definition of shadow banking and are subject to different capital requirements than traditional banks, ...
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