Archive / Business - 2020
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Why ‘couples commerce’ is a budget-friendly business designHusband and wife businesses have in common drawn on the romantic but practical motivation of simply wanting to create a dream together.Amid monetary trauma brought...How real estate will be affected by the UAE's reformsCovid-19 possesses been the ultraviolet light that exposed all blemishes and the accelerant that forced overnight innovation to hasten healing.The UAE government moved fast with...Taiwan talks up trans-Pacific trade pact after exclusion from RCEPTrade-dependent Taiwan features made "relatively" good improvement towards joining the revamped version of the Trans-Pacific Partnership, nonetheless it is awaiting clearer guidelines about membership, the...Investors tell European organizations to reveal 'missing' climate costs within their accountsInvestors are pushing key European companies to make certain the "missing" costs of climate change are properly reflected in their financial statements, a good approach...Asia-Pacific nations sign world's largest trade pact RCEPFifteen Asia-Pacific nations signed a mega free trade deal on Sunday (Nov 15) because they concluded an gross annual summit of Southeast Asian leaders and...What's the RCEP trade deal?Backed by China, the sprawling Regional Comprehensive Economic Partnership (RCEP) is seen as a coup for Beijing in extending its influence over the region and...Donald Trump creates clash with New York while pushing imminent vaccine availabilityPresident Donald Trump on Friday offered a rosy update on the race for a coronavirus vaccine as he delivered his first public remarks since his...U.S. airlines to get rid of year with 90,000 fewer workersHit with a collapse of demand, U.S. airlines will end the year with the cheapest number of employees since at least 1987, 90,000 less than...Asia-Pacific nations sign world's major trade pact RCEPFifteen Asia-Pacific nations signed a mega free trade deal on Sunday (Nov 15) as they concluded an annual summit of Southeast Asian leaders and their...Green shoots of recovery coming, IMF chief saysGovernments all over the world should be cautious with withdrawing fiscal and monetary policy support “prematurely”, according to the head of the International Monetary Fund.“We...Saudi Arabia's PIF to inject $40bn in 2021 and 2022Saudi Arabia’s Public Investment Fund will inject $40 billion on an gross annual basis in 2021 and 2022 to market growth in its economy, according...U.S. airlines to end year with 90,000 fewer workersHit with a collapse of demand, U.S. airlines will end the entire year with the cheapest number of employees since at least 1987, 90,000 less...Korean Air 'in Talks' to obtain AsianaThe parent company of Korea's top flag carrier Korean Air is apparently thinking about acquiring rival Asiana Airlines.Sources say Hanjin Group is in talks with...Six sustainable textile innovations from TaiwanWith petrol-based yarns, fibres and fabrics still being around and 66 percent of all garments globally being delivered to landfills in 2019 alone - multiple...How two British companies are battling it out for a share of UAE’s $1m FoodTech prizeAs the coronavirus pandemic has flagged up the world’s reliance on globalisation and international travel, in addition, it highlighted something a lot more crucial -...CEOs in U.S. weather pandemic with compensation largely intactEven while the pandemic roils the American economy, compensation for U.S. chief executives has largely held up as many corporations adjust their requirements for performance...Most Wall Street workers to get lower 2020 bonuses: studyYear-end bonuses for some Wall Street workers are anticipated to decline this year compared with 2019 because of the impact of the COVID-19 impact on...Expedia Singapore ceases misleading 'daily deals' promotions after competition watchdog warningThe operator of Expedia Singapore has ceased false claims on the validity amount of "daily deals" promotions on its website, said your competition and Consumer...Apple launches MacBook laptops powered by its own computing chipsApple on Tuesday (Nov 10) introduced a MacBook Air notebook and other machines using its first central processor designed in-house for Macs, a move that...Shell Singapore to repurpose core business, downsize Pulau Bukom refinery in low-carbon shiftShell Singapore said on Tuesday (Nov 10) that it plans to repurpose its core business and halve its crude processing capacity at its Pulau Bukom...Boeing suffers 2nd consecutive month without airline ordersBoeing had no orders for new airliners in October, its second consecutive month, and orders for 37 of its Max jets came off the books...Moncler announces Grenoble collection with Dyneema composite fabricMoncler features announced that the autumn/winter 2020 assortment of its high end skiwear label Grenoble is to feature Dyneema composite fabric, a good high-performance fabric...China targets quality of growth to cut imports and boost domestic consumption, Moody's saysChina will be focused on the quality of economic growth instead of its pace, since it looks to reduce its vulnerability to international markets and...Stocks and oil surge on Pfizer vaccine breakthroughGlobal stocks surged on news that a vaccine being trialled by Pfizer for Covid-19 proved a lot more than 90 % effective against the virus.Pfizer...How UAE's concentrate on FinTech will propel its rise as a worldwide tech hubThe year 2020 is a momentous among significant developments for the UAE, with Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme...Philippines economy contracts 11.5% in Q3The Philippine economy shrank by a lot more than expected on an annual basis in the 3rd quarter as a result of COVID-19 pandemic, official...McDonald's to make its 'McPlant' items, Beyond Meat says co-created pattyBurger chain McDonald's on Monday (Nov 9) made a decision to debut its own plant-based meat alternatives line called "McPlant" in 2021, including a patty...Shipping companies box clever to overcome container shortagesThe humble shipping container includes a new status in the Covid-19 pandemic: hot commodity.Shortages of the ribbed steel boxes that contain plied the global economy...SIA plans to use smaller aircraft for Singapore-Hong Kong flights bubbleSingapore Airlines (SIA) will be deploying its smaller aircraft for the upcoming air travel bubble between Singapore and Hong Kong given expectations for “some degree...G-Star Natural introduces world's most sustainable dark denim fabricDutch denim label G-Star Natural has launched the world’s most sustainable dark-colored denim fabric for eight styles of its winter ‘20 collection. The “Relz Dark...6,370 job openings in manufacturing, marine and offshore sectors despite downturnThe number of job opportunities in the manufacturing sector has doubled in the last 8 weeks, with about 6,370 openings in the sector by mid-October...‘Should end-of-service benefits include the full notice period?’I'd like your help in understanding the UAE Labour Law on redundancy. Several employees are being made redundant within my company. In such cases, the...Volvo recalls 54,000 US vehicles for air bag defect associated with one deathVolvo Cars is recalling 54,000 US vehicles for an air bag defect after a written report of one crash death, according to a filing with...The end of the ride? Carnival operators left in limbo as COVID-19 keeps their businesses shutA layer of dust covers the colourful machines parked inside an anonymous, nondescript yard, where pink and silver-coloured unicorns, boxy helicopters and gold-tinted pirate ships...Jump in Chinese exports shows strong recovery continuesExports from China grew at the quickest pace in 19 months in October, while imports also rose, official data showed on Saturday, as the world's...Central bank governor in Turkey removed as lira routedTurkey’s President Recep Tayyip Erdogan removed central bank Governor Murat Uysal amid a rout in the lira.Mr Erdogan named former Finance Minister Naci Agbal the...Gold price rises as Biden closes in on White HouseGold had the largest weekly gain since July and copper rose as Joe Biden tightened his grip on the race for the White House, while...Toyota doubles full-year forecasts as sales recoverToyota on Friday almost doubled its full-year forecasts, saying sales and production were recovering quickly from the coronavirus pandemic, which has shredded the global auto...Honda reports 23% profit rise despite pandemicHonda Motor Co reported Friday that its profit rose 23% within the last quarter, despite a pandemic which has slammed businesses all over the world.Honda...Digital signature for SingPass users to sign legal documentsAn electronic signature feature premiered on the SingPass mobile iPhone app on Thursday (Nov 5) to supply "greater convenience" in legal documentation signing, said the...English retailers fret over Christmas as lockdown 2.0 loomsThis year, the total annual illumination of the Christmas lights on London's famous Oxford Street was quite definitely a bittersweet moment.The lights, which were fired...Indonesia tumbles into first recession for just two decadesIndonesia's virus-hit economy contracted in the 3rd quarter, plunging it into its first recession because the archipelago was mired in the Asian financial meltdown more...Market debut of Chinese e-finance giant Ant Group postponedThe planned currency markets debut of the world's biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a...Adaptive fashion and the energy of personal style“Why are the mannequins position?” asks Lucy Jones, creator of wheelchair accessories manufacturer Ffora, referring to the lack of alternatives across retail for seated buyers....China tightens restrictions on Australian exportsChina has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday (Nov 3), amid tension over...Asian shares boosted by more powerful China factory dataAsian shares were mostly higher on Monday buoyed by further signs of recovery in China's manufacturing sector.Japan's benchmark Nikkei 225 surged 1.4% to 23,295.48, while...U.S. manufacturing activity at highest levels in 2 yrsU.S. manufacturing posted a strong gain in October to the best level in 2 yrs even as coronavirus cases have begun to surge again in...Chanel Hikes Prices Again Amid Unflagging DemandFrench luxury brand Chanel once again raised its prices by around two percent on Monday, just five-and-a-half months after the last hike due to unflagging...Samsung Chief to be Korea's Richest ShareholderSamsung chief Lee Jae-yong is defined to become the richest person in Korea following the recent death of his father Lee Kun-hee.According to financial information...Russia’s Sberbank seeks more partnerships with Middle Eastern sovereign investorsSberbank, the major lender in Eastern and Central Europe, is in talks with sovereign and private investors in the centre East to explore joint investments...Japan's new climate goals lift prospects for crippled nuclear industryJapan’s move to embrace a climate target of carbon neutrality by 2050 could open just how for the beleaguered nuclear industry to turn up again,...Samsung Regains Lead in Global Smartphone Market in Q3Samsung wrested the lead in global smartphone sales back from China's Huawei in the 3rd quarter of the year.Samsung was overtaken by Huawei in the...More Stores CloseThe commercial market is suffering a deep depression as the conronavirus epidemic drags on, especially in bustling shopping or entertainment areas.The store vacancy rate in...KLM 3.4 billion euro bailout hits crisis as unions refuse paycut planThe Dutch government on Saturday (Oct 31) suspended plans to help beleaguered national carrier KLM with a multi-billion-euro bailout package after unions declined to sign...Mitsubishi Heavy asks others to defend myself against its idle workersMitsubishi Heavy Industries (MHI) said it has asked other companies to temporarily employ idle employees from its factories in central Japan in a bid to...Sheikh Mohammed bin Rashid reviews Dh4bn waste-to-energy project amid emirate's push for clean powerSheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, reviewed a Dh4 billion waste-to-energy project on Saturday and...Why India's poor air quality is taking a toll on its economySaurabh Jain, who runs an IT company in Delhi, dreads the winter season when a thick smog usually blankets the town. The smog isn't just...Baskin-Robbins Opens Hanok-Themed OutletIce cream franchise Baskin-Robbins has opened an outlet in Seoul's Samcheong-dong, which is well-known for its quaint winding alleys.Among the hanok or traditional houses was...Samsung Posts Record Earnings Amid COVID CrisisSamsung achieved record earnings in the 3rd quarter of the entire year amid the coronavirus crisis.Semiconductor sales remained strong, while home appliance and smartphone sales...Genesis Unveils Mid-Sized Luxury SUVGenesis on Thursday unveiled its new luxury mid-sized SUV, the GV70.The car is the fifth style of Hyundai's luxury brand and its own second SUV....Lottery Sales Surge in Times of CoronavirusThe coronavirus epidemic has sent lottery ticket sales soaring, as is usual in dire financial times.Based on the Ministry of Economy and Finance, lottery ticket...Sony first-half net profit doubles, forecast revised upSony Corp on Wednesday said net profit doubled in the April-September period and revised up its full-year forecast, citing growth in key sectors including gaming,...Bitcoin's boom has a blipBitcoin’s latest rally lost steam on Wednesday amid widespread risk aversion, falling by the most in per month.The world’s biggest cryptocurrency by market value slumped...Nine of the UAE's best bank accounts to improve your pandemic savingsAs the world prepares to mark World Savings Day on October 31, it could seem to be ironic that just as people are renewing their...iPhone 12 Hits KoreaApple's first 5G smartphones, the iPhone 12 and its variants, will hit stores in Korea on Friday.The iPhone 12 and iPhone 12 Pro will be...Airlines will have to cut more jobs to preseve cash, Iata saysAirlines have to cut more jobs to lessen costs as travel demand remains muted in the wake of the coronavirus pandemic, based on the International...Car or truck exports drives pollution to developing worldGetting rid of old cars is helping clean the skies over developing nations, but many clunkers are ending up in developing countries where they are...Gov't unveils action plan to lower mobile phone feesThe Japanese government unveiled Tuesday an action intend to spur competition among telecom organizations in order to know Prime Minister Yoshihide Suga's push to lower...Samsung Display Wins Exemption from U.S. War on HuaweiSamsung Display is among the most first Korean company to acquire approval from the U.S. Department of Commerce to export products to China's Huawei, with...An 18th century Italian silk weaver is launching footwearAn 18th century Italian silk weaver, Antico Setificio Fiorentino, is which consists of looms to start a new collection of modern day footwear.The Florence-based company...Cathay Pacific cuts 8,500 jobs, shutters regional airlineHong Kong airline Cathay Pacific Airways said Wednesday it could cut 8,500 jobs and shut a regional airline since it grapples with the plunge in...Asian stocks follow Wall Street lower on lack of U.S. aid planAsian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economical aid plan...Siemens in talks to help Iraq fight power piracyGerman professional giant Siemens is in discussions with Iraq's government to advance focus on phase two of its $15 billion roadmap for power rehabilitation, since...UAE's new lease of life insurance regulations certainly are a win-win for customersThe UAE Insurance Authority’s new regulations on life and family takaful insurance are anticipated to bring more transparency to the industry and better returns for...Netflix reports slowing subscriber growth; shares slideNetflix shares slid on Tuesday after the U.S. streaming tv titan reported that subscriber growth slowed in the recently ended quarter after booming in the...SK Hynix to get Intel's NAND Memory Chip BusinessSK Hynix said Tuesday that it will buy Intel's NAND flash memory business for US$9 billion, the biggest-ever acquisition by a Korean company.The offer changes...Hyundai Launches Facelifted Genesis G70 Sports SedanHyundai's luxury brand Genesis launched its revamped G70 sports sedan on Tuesday.The model's first modification in 3 years sees a drastic change to its exterior,...Samsung's Global Brand Value Ranked 5th HighestSamsung brand has been valued fifth on earth by Interbrand.The global brand consultancy valued Samsung's brand at US$62.3 billion in its twelve-monthly list of the...Canada's Brookfield buys commercial properties worth $2bn in IndiaBrookfield Asset Management will buy an Indian developer’s commercial properties for $2 billion, the largest property deal in the South Asian nation.The Canadian asset manager...China economy grows 4.9% in Q3, extending virus recoveryChina's economy grew 4.9 percent on-year in the 3rd quarter, sustaining its rebound from bruising virus lockdowns and moving nearer to pre-pandemic levels, official data...Korea's Seaweed Exports SoarKorean dried seaweed or gim is all the rage in Southeast Asia and elsewhere, occupying dedicated shelves in stores from Indonesia to Thailand and Vietnam.The...60 percent of the style and textile industry are eager to go greenRegardless of the Covid-19 pandemic, new research reveals sustainability is still ranked as the second most significant strategic objective for businesses (60 percent) in the...Window shopping in the decline in the post-Covid eraWith the risk of second wave of the pandemic looming and increased Government constraints disrupting footfall on the traditional, the immediate future of fashion retail...Fashion Green Hub: A good network of circular economy authorities in France are thinking aheadFor years now, the style Green Hub association (ex-Nordcrea) has played an integral role in the responsible fashion landscape, working on topics including eco-design and...Department Stores Emerge from Coronavirus SlumpSales of the three biggest department store chains Lotte, Shinsegae and Hyundai surged in the double digits last weekend in first signs of a recovery...China's economic recovery quickens in Q3 as consumption returnsChina's financial recovery accelerated in the 3rd quarter as consumers shook off their COVID-19 caution, however, overall growth missed forecasts pointing to persistent challenges for...Japan exports down but slowly recover amid pandemic damageThe drop in Japanese exports diminished last month, according to government data released Monday, underlining how trade damage from the coronavirus pandemic may be easing.Japan’s...Samsung Electronics Named World's Best EmployerSamsung Electronics tops this year's list of the World's Best Employers by Forbes magazine.The Korean electronics giant shot up from the also-rans at 106th this...Movie Industry Losses Surpass W1 TrillionKorea's movie industry has suffered around W1 trillion in losses due to the coronavirus epidemic (US$1=W1,146).According to the Ministry of Culture, Sports and Tourism, cumulative...Gove says UK 'well prepared' for no-deal Brexit, even while businesses sound alarmedMichael Gove, the minister handling Brexit divorce issues for Britain, said on Sunday (Oct 18) that the united kingdom is "increasingly well-prepared" for a no-deal...Sales of musical instruments increasing during pandemicMusical instruments in Japan have flown off the shelves in recent months as more persons spend time socially distancing in the home through the novel...Five leadership lessons that Covid-19 taught usWhen the Covid-19 crisis hit the UAE earlier this season, I had just taken on a new project that involved working closely with a client...How India’s start-ups are rising up to challenge Big TechThis month, among India's biggest start-ups Paytm, challenged the dominance of global internet giant Google - by launching its mini-app store.The homegrown FinTech took the...Making S$30,000 a month from sneakers? That is why nobody likes resellersAn adolescent who claimed to earn up to S$30,000 a month reselling collectible sneakers made the headlines recently.He plies his trade by procuring limited-edition kicks...Rules on retrenchments updated as Singapore labour union expects more layoffs amid COVID-19The tripartite advisory on managing excess manpower and responsible retrenchment has been updated to provide more guidance about how employers should lay off workers, as...More Small Businesses Have Trouble Paying StaffSmaller and smaller businesses that employ fewer than five staff were not able to pay them even prior to the coronavirus epidemic due to a...SK Telecom Teams up with Uber for Mobility ServicesSK Telecom will synergy with Uber to supply delivery or taxi services.Korea's largest mobile operator in a board meeting Thursday made a decision to spin...Vegan Manner Week launches the world’s 1st fully vegan showroomVegan Style Week is launching its permanent multi-brand showroom, the Vegan Vogue Library, in LA. It's the first totally vegan showroom on the globe, based...ANA secures ¥400 bil in loans as COVID travel slump bitesJapan's biggest airline, ANA Holdings Inc, has secured 400 billion yen ($3.8 billion) in subordinated loans to bolster funds it needs to survive a slump...Trying to find unicorns: Japanese start-ups see hope on the horizonHampered by cautious investors and a rigid corporate culture, Japan has produced simply a couple of major start-ups. But there are signs that may be...Korea's 5G Network Won't Support Superfast iPhone 12Apple unveiled its first 5G smartphones, the iPhone 12 series on Tuesday, however, the much-touted superfast connectivity won't work in Korea.They come greater than a...Covid-19 accelerates Middle East interest in sustainable investingInvestors in the center East are setting policies on responsible investing and incorporating impact goals because of their portfolios following the onset of the Covid-19...China's Xi backs better property rights, protections for entrepreneurs in ShenzhenShenzhen will strengthen property rights and protection of entrepreneurs, China's President Xi Jinping said on Wednesday (Oct 14) in a speech to mark the establishment...Hyundai Chief Officially Named ChairmanHyundai chief Chung Eui-sun has been named chairman of the automotive conglomerate to displace his 82-year-old father. The group's board made the appointment official in...IMF Revises Korea Growth Forecast UpwardsThe International Monetary Fund has revised its monetary growth forecast for Korea this season upwards by 0.2 percent.It now expects the Korean economy to shrink...Hyundai Breaks Ground on R&D Center in SingaporeHyundai on Wednesday broke ground in Singapore's Jurong West professional district to build a global research and development center.The guts will serve as a hub...French Embassy Asks for Exemption from Real Estate TaxThe French Embassy in Seoul has asked the Korean government for an exemption from increased property taxes on staff housing it owns in southern Seoul.According...Hyundai to Push into Used-Car BusinessHyundai is venturing into the used car market, raising fears that conglomerates will monopolize even a location that has traditionally been left to smaller entrepreneurs.Hyundai...BA leader steps downBritish Airways, which is slashing a large number of jobs as coronavirus decimates the travel sector, said Monday that CEO Alex Cruz is stepping down...Asia-Pacific countries begin to ease travel bans, but hurdles remainA lot more than 180,000 persons have signed a petition launched by former Prime Minister Kevin Rudd calling for an inquiry into Rupert Murdoch's dominance...Asian shares mostly higher after US rally, aid package hopesAsian shares were mostly higher in muted trading Monday, as worries about the pandemic kept optimism in balance despite a rally that closed out last...JAL eyes discount network for post-coronavirus tourismJapan Airlines really wants to create a low-cost carrier network with three of its discount carriers to tap leisure travel that, unlike business travel, could...Audi plant in Mexico remains open amid dispute over debtsA Mexican auto plant owned by German carmaker Audi remains open and did not close carrying out a dispute over unpaid bills on Friday, as...In Nagasaki, bank consolidation may expose flaws in economical rescue plansOnce regarded as a model for consolidation, the merger of two regional banks in Nagasaki may expose flaws in Prime Minister Yoshihide Suga's intend to...Apple's new 5G iPhone may see coverage issues in UKApple Inc's new 5G iPhone could see coverage issues in britain, The Telegraph newspaper reported late on Saturday (Oct 10), citing industry insiders.The iPhone, which...ANA to permit staff to take on wider selection of side jobs amid pandemicAll Nippon Airways Co will allow its employees to defend myself against a wider selection of side jobs since it looks to greatly help them...World’s first 'intelligent' electric-vehicle battery revs up transport sectorThe world’s first ‘intelligent’ electric vehicle battery was unveiled on Friday, revving up the electrification of the transport sector as the world distances itself from...UK's V-shaped recovery in dangerBritain's lacklustre economical growth in August caught out economists which were expecting a more healthy recovery on the back of Rishi Sunak’s much-lauded Eat Out...Supima Design Laboratory promotes US-farmed cotton in ParisParis Fashion Week might have ended but Supima Design Laboratory was still on Paris time on Thursday. The US cotton enterprise which represents cotton harvested...Twitter imposes restrictions, more warning labels ahead of US electionTwitter Inc said on Friday it'll remove tweets calling for folks to interfere with the U.S. election process or implementation of election results, including through...‘Never too old to learn’: Malaysian PMETs chart new career course as COVID-19 disrupts livelihoodsLife was turned ugly for Chris Hew when she was fired from her business development manager role in a travel agency earlier this year.She have...How Turkish apparel manufacturers adapt to a more sustainable supply chain modelTurkey’s apparel industry is certainly recognised the world over because of its production prowess and competitiveness. It's the 6th largest apparel exporter on the globe...Samsung Claws Back Top Spot in Indian Smartphone MarketSamsung has regained the top spot in the Indian smartphone market due mainly to a border dispute between India and China that weakened its rivals...Shinsegae's New Mega Mall Opens in AnseongRetail giant Shinsegae opened its fourth massive Starfield shopping mall in Anseong, Gyeonggi Province on Wednesday.With a complete area of 240,000 sq.m, it features not...Hyundai Mobis to Invest in British AR Display Tech FirmHyundai Mobis will invest US$25 million in Envisics, a U.K.-based leader in augmented reality head-up displays (AR HUDs), Korea's major auto parts maker said on...Investment in property Exceeds GDPA lot more than W2.1 quadrillion is committed to Korea's market in one way or another, surpassing the country's total GDP of W1.9 quadrillion, based...Singapore’s overall unemployment rate in August climbs past global financial crisis’ highOverall unemployment rate climbed to 3.4% in August, and it “remains to be seen” if it'll rise quicker in the coming months, said the Manpower...What's the difference between technical and fundamental analysis?Fundamental and technical analysis are the two main methodologies used across the investment landscape to gauge the attractiveness of various asset classes. However, the key...Reviving economy and employment among key priorities for new US president, Moody's saysThe brand new US president will face key challenges including reviving monetary growth and employment as financial activity it's still weaker than pre-pandemic levels in...YOUR DEBT Panel: ‘I consolidated my debts but Dh18,500 is missing from the loan amount’I are a full-time teacher but also tutored after work to greatly help us out financially as my husband has been unemployed for five years....Australia plans big spending COVID-19 pandemic measures, record debt The Australian government on Tuesday (Oct 6) will reveal a large spending financial blueprint for another few years which will drive business investment and job...Singapore’s income position to be 'weak' in coming years, spending strategy one of 'prudence, not austerity': DPM HengTHE FEDERAL GOVERNMENT expects Singapore’s revenue position to stay weak for a number of years due to the impact of COVID-19 on the global and...Retail demand for BTS' label shares strong but falls short of expectationsBig Hit Entertainment, the management label for K-pop sensation BTS, saw robust but not spectacular demand in the to begin two days of share offerings...Celtic and Co. announces winning jumper for Wool WeekCornish fashion and lifestyle brand Celtic and Co, is once more supporting the gross annual Wool Week with a new jumper designed by students from...Tokyo slips to 4th place in global financial hub ranking: reportTokyo has slipped one notch to fourth in the latest ranking of the world's leading financial hubs, with Shanghai now rounding up the top three...London transport regulator strips Ola's operating licence over public safety failingsLondon's public transport authority stripped Indian ride-hailing company Ola of its London operating licence, saying that the taxi iphone app had not been "fit and...Stocks rise as signs of Trump's bettering health calm marketsStock markets rose on Monday (Oct 5) on hopes that President Donald Trump could possibly be discharged from hospital later in the day, easing a...Seven textile manufacturers target progress through innovation with Made Smarter’s digital transformation workshopsSeven textile manufacturers are targeting progress through innovation using a new, streamlined workshop procedure which aims to speed up their digital transformation.Dawson Rodgers, a manufacturer...The brand new Mexx Fashion spring/summer 2021 collectionThe word has gone out: Mexx is back!Because the beginning of May 2020 a team of designers started focusing on a fresh collection with a...China fixes ‘something seriously wrong’ using its economyAs the world’s factory commences to consider it’s own domestic market to spur monetary growth, regardless of what happens, China won't turn its back on...Airbus executive says aviation outlook worse than expectedThe outlook for the aviation industry has deteriorated again because of rising coronavirus infections and renewed travel restrictions, Airbus chief operating officer Michael Schoellhorn was...Airbnb blocking some rentals over Halloween to prevent partiesAirbnb will prohibit one-night rentals over Halloween weekend within its ongoing effort to crack down on party houses.The action, announced Friday (Oct 2), comes almost...Facebook, Twitter, Google CEOs will testify before US Senate committeeThe chief executives of Facebook and Alphabet-owned Google have decided to voluntarily testify at a hearing prior to the Senate Commerce Committee on Oct 28...Major U.S. companies announce barrage of layoffs over virus crisisHit hard by the coronavirus crisis and with new government stimulus funding in limbo, Disney, American Airlines and United Airlines announced 60,000 layoffs in just...Businesses Offer Lavish Meal Sets for Lockdown ChuseokHotels and departments stores are gearing up for a socially distanced Chuseok, offering food for ancestral rites and traditional meal sets.The Grand InterContinental Seoul hotel...The British Manner Council launches inaugural positive fashion project to tackle wasteThe British Fashion Council (BFC) has announced its first research study via its Institute of Positive Fashion (IPF) called the Waste products Ecosystem Project.The research...Sustainable knitwear: the Alpaca jumper trends AW 20/21Trends for Autumn Winter weather 20/21 may be the next challenge excited season after the start of COVID-19. This year’s collection could have as one...Consumers consider wood a good sustainable textile raw materialWithin an international study, ‘Consumer perceptions of the sustainability of the clothing industry and textile fibres’, consumers give their take on these materials, supplied by...US blocks imports of cotton and textiles from XinjiangUS Customs will block certain goods from Xinjiang because Washington believes they were made in the Chinese autonomous location with the aid of slave labour....The continuing future of garment technology in circular fashion‘Technology’ in fashion is a good wide-reaching term, one that covers anything from merchandise data and traceability, to logistics, inventory operations and garment labels. As...