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Elon Musk loses world’s richest person title to Jeff Bezos
For the first time in more than nine months, Elon Musk is no longer the world’s richest person.
US designer, 'geriatric starlet' Iris Apfel dies age 102
Iris Apfel, centenarian style icon from the New York borough of Queens immediately recognizable by her oversized owlish glasses, has died at age 102, according to her Instagram account.
Cambodia’s textiles/apparel exports to the West drop in 2023
Cambodia, the sixth-largest apparel supplier to the USA and the EU, recorded a 13.3% drop in textiles-apparel exports in 2023, while the number of its textiles factories reached 2,000.
Fashion
Lab-grown diamonds put natural gems under pressure
The glittering diamonds sparkle the same but there are key differences: mined natural gems are more than a billion years old, while laboratory-made rocks are new and cost less than half the price.
Luxury
Temu is ‘shopping like a billionaire’ for ads. What could go wrong?
The business of selling cheap odds and ends online might prove to be just as short-lived as a polyester sweater from a fast fashion company.
Fashion
Hermes vs Hermes: Turkish bookseller takes on French giant
It's a case of Hermes vs Hermes. The global luxury goods giant based in Paris, is suing the other, a cosy bookseller tucked away in a Turkish seaside town, over alleged trade name infringement.
Luxury
Blackstone said to consider bid for skin-care company L’Occitane
Blackstone Inc. is considering a bid for skin-care company L’Occitane International SA, according to people familiar with the matter.
Beauty
Humans still cheaper than AI in vast majority of jobs, MIT finds
Artificial intelligence can’t replace the majority of jobs right now in cost-effective ways, according to the Massachusetts Institute of Technology.
Guess unveils Airwash, and mounts The Next 40 Years of Denim
Guess Jeans returned to Pitti this season with the launch of its new Airwash concept and the unveiling of a giant immersive display The Next 40 Years of Denim.
Fashion
Indie documentary 'Love Is in the Legend' displays how fashion came to know Voguing
Former Patricia Field buyer Myra Lewis produced the film about how the Harlem ball dance culture made it to the mainstream.
Condé Nast names Raul Martinez as Vogue’s new global creative director, reporting to Anna
Condé Nast has announced the appointment of Raul Martinez as Vogue’s new Global Creative Director, reporting to Anna Wintour in New York, and re-joining the magazine publishser for the third time
TikTok eyes $17.5 billion shopping business on Amazon’s turf
TikTok aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com Inc.
Fashion
Bangladesh to become 20th largest economy by 2038, according to CEBR
Bangladesh is poised for significant growth, with projections placing it as the 20th largest economy in the world by 2038, according to a forecast by the Centre for Economics and Business Research.
ChatGPT’s creator OpenAI in midst of staff switch linked to AI risks
After the ousting of OpenAI’s boss, who has immediately been hired by Microsoft, 700 employees of the firm behind ChatGPT have threatened to resign. A vast skills transfer that hides a schism prompted by AI’s dangers.
Waste from Adidas, Walmart, other brands fuelling Cambodia brick kilns-report
Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday.
Fashion
85% of European SMEs rely on digital tech for growth
Over three quarters of European SMEs said that digital tech is crucial to their growth plans, and a resounding 84% pinpoint technology as instrumental to enhanced efficiency and cost management.