Global Luxury Sector Braces For Downturn As Demand Weakens
[Business]
2025/07/08 09:05
According to data from Bain & Company and Altagamma, the luxury sector is set to experience its second-largest downturn since the financial crisis.The ongoing uncertainty in the global economy, combined with the effects of Trump-era tariffs, is proving challenging for luxury brands like Louis Vuitton, Hermès, and Gucci. According to data from Bain & Company and Altagamma, the luxury se...
Del Monte’s Bankruptcy Is A Reflection Of Just How Much America’s Eating Habits Have Changed
[Business]
2025/07/08 09:04
Del Monte Foods, the 138-year-old canned goods giant, has filed for Chapter 11 bankruptcy and is seeking a buyer.The bankruptcy follows Del Monte's miscalculated bet on the Covid boom, when it ramped up production to meet record-high demand for shelf-stable goods. But as that buying frenzy tapered off, the company was left with excess inventory it had to store, write off, or sell at “substanti...
Cash As Art : The Famous Artists Who Have Made Their Mark On Banknotes
[Investing]
2025/07/08 09:03
The Bank Of England Is Inviting Ideas For Images To Place On Its Notes—A Reminder That Money And Artistry Have Long Been Intertwined.It’s Not Quite A Licence To Print Money But It’s The Next Best Thing. The Bank Of England Is Inviting The Public To Suggest Images To Put On The Banknotes. Famous Historical Figures Such As William Shakespeare, Isaac Newton And Jane Austen May Still Appear On T...
(PDF) Bain - Business Breakthrough Barometer 2025
[Business]
2025/07/07 09:10
Business Breakthrough Barometer 2025 is the second annual pulse check from leading businesses on the opportunities and challenges of the net-zero transition. It provides the latest insights from industries responsible for over 50% of global emissions and highlights where governments can best focus effort to create stronger market incentives for investment.Developed by WBCSD with the support of...
Audi Scores with Minimalist Wimbledon Billboard Campaign
[Business]
2025/07/07 09:09
Audi proves less is more in their latest outdoor campaign—perfectly timed with Wimbledon’s energy and elegance.Wimbledon Meets Branding BrillianceAs the tennis world focuses on the excitement of Wimbledon, Audi has launched a perfectly timed outdoor campaign that’s catching everyone’s attention. Seen across multiple train stations leading to the tournament, the billboards feature four tenni...
Stablecoins Could Solidify the U.S. Dollar's Influence
[Investing]
2025/07/07 09:08
The dominance of the U.S. dollar has shrunk over time, with the currency making up 58% of foreign exchange reserves.However, 99% of stablecoins are pegged to the U.S. dollar, underscoring its pivotal role in crypto-based finance. Stablecoin issuers need to back up their coins by buying Treasuries or other liquid assets, driving demand for the U.S. dollar.[voronoiapp]
Fashion Tech Boom 2.0 : How Investors Fell Back in Love With Fashion Tech
[Investing]
2025/07/07 09:07
After years of disillusionment with fashion tech, investors are once again excited about its potential, but with a very different mindset to the hype-fuelled boom of the last decade.In the past year, buzzy startups aiming to bring design into the future or be a better and faster version of Google shopping have raised over $100 million.Today’s technology is making lofty business models feel clo...
How This Dutch Startup Is Helping Paralyzed Patients Move Again
[Business]
2025/07/07 09:06
Patient Regains Autonomy Through Technology.In 2012, when a tree fell on her family’s car, Jessie Owen’s life transformed. Both of her parents died, and the then-27-year-old Owen was paralyzed. “I lost everything overnight: my independence, career, home,” she says. “And it’s hard to rank them, but losing my autonomy to control my own body was up there.”Her spinal cord injury left her wit...
Tesla Just Reported Its Biggest Quarterly Drop In Deliveries Ever
[Investing]
2025/07/07 09:05
Tesla delivered 384,122 vehicles in the second quarter, down about 60,000 from the same quarter a year earlier. That’s worse than analysts expected, Tesla’s biggest year-over-year quarterly decline ever, and the second quarter in a row with a record drop.Still, investors are shaking off the report, bidding the stock up 5.6% in premarket trading after Tesla got hammered Tuesday, when Elon Musk...