Browsing: global

In a significant move within the luxury e-commerce sector, Richemont has entered into a binding agreement to sell 100% of its share in Yoox Net-a-Porter (YNAP) to online luxury retailer Mytheresa. This deal, anticipated to close in the first half of 2025, will see Richemont receive shares in Mytheresa representing 33% of the retailer’s fully diluted share capital, as well as a cash position of €555 million for YNAP, which will be left debt-free. Richemont will also extend a €100 million revolving credit facility to YNAP to cover its operational needs. Mytheresa, renowned for its curated collection of high-end fashion,…

In the world of digital puzzles and brain games, “Wordle Geography” has emerged as a captivating variation of the classic Wordle game. It challenges not only your word deduction skills but also your geographical knowledge. Whether you’re a geography enthusiast or someone looking for a unique brain exercise, Wordle Geography offers an exciting way to explore the globe while having fun. In this article, we’ll dive deep into what Wordle Geography is, how it works, its educational benefits, and tips to improve your game. What Is Wordle Geography? Wordle Geography is a variation of the popular game Wordle, which became…

The UK has launched three days of international talks aimed at combating global cyber threats and addressing the urgent need to boost cyber skills. Countries including the US, Canada, Japan, and EU member states have joined forces at Wilton Park in West Sussex to develop strategies to strengthen global cyber security workforces. This follows high-profile cyber-attacks, including disruptions to NHS services and London’s transport network. With nearly half of UK businesses lacking essential cyber security skills, the talks come at a critical time. The discussions will explore ways to bridge the global skills gap and agree on new professional standards,…

Saudi Arabia has unveiled a bold new tourism campaign aimed at captivating the imaginations of global travellers. Titled “This Land is Calling,” the campaign invites tourists to explore the Kingdom’s rich heritage, striking landscapes, and rapidly evolving cultural scene. This latest initiative is part of Saudi Arabia’s broader strategy to position itself as one of the world’s leading tourist destinations, with the ambitious target of welcoming 150 million visitors by 2030. The campaign, launched under Saudi’s national tourism brand “Saudi, Welcome to Arabia,” will initially be rolled out across key markets including the United Kingdom, France, Italy, Germany, and the…

HemoHim, a health functional food developed by South Korea’s Kolmar BNH (KRX: 200130), is attracting significant international attention due to its meticulous quality control measures. From the careful management of raw material origins to the final product, HemoHim’s success is built on the foundation of rigorous standards that ensure both safety and efficacy. Produced by Kolmar BNH and distributed globally by Atomy, HemoHim has become Korea’s first individually approved health supplement designed to boost immune function and reduce fatigue. Since its development in 2006, the product has achieved considerable success, with exports reaching over USD 200 million and cumulative sales…

The Japanese brand Hobonichi has announced the forthcoming launch of its eagerly awaited 2025 collection, set to be released on 1st September 2024. The Hobonichi Techo, a planner that has become a staple in the world of planning and journaling, is witnessing unprecedented global popularity. The 2024 edition has already seen sales of over 900,000 units in more than 100 countries and regions, reflecting a remarkable 30% year-on-year increase in global sales. This surge in popularity is also mirrored on social media, where Hobonichi enthusiasts have formed a vibrant community. Users frequently share their planner and journaling pages, leading to…

Kape Technologies and ExpressVPN today announced the appointment of Zac Eller as GM, Global Partnerships & Business Development, further strengthening the group’s senior commercial team as they continue to expand their product offerings and services, working towards a safer, freer internet. The former Sony, Netflix, and Fox executive brings with him years of experience in successfully scaling subscription-led growth businesses across the technology, media, and digital services sectors through strategic partnerships and new business channels. In his new role, Eller will lead the group’s global partnerships and business development initiatives for Kape’s privacy products, including its flagship privacy brand, ExpressVPN.…

China’s economic slowdown and ongoing deflation are set to create both winners and losers across the global economy, according to a new report by Euromonitor International. Lan Ha, Head of Economic Research at Euromonitor, highlighted that China’s post-pandemic recovery has faltered due to declining export demand and sluggish domestic consumption growth. Despite a projected growth rate of around 5.0% for 2023-2024, this figure falls short of the pre-pandemic average of 7.7% annually from 2010 to 2019. In response to the economic downturn, the People’s Bank of China has cut interest rates twice this year, in June and August. However, additional…

CloudPay Secures $120 Million Funding to Bolster its Global Customer Base Andover, UK, 8 August 2024 – CloudPay, the leading independent provider of global payroll and payment solutions, today announces the successful completion of a $120 million funding round led by Blue Owl Capital, with participation from existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. This investment fortifies CloudPay’s capital base and provides flexibility for future growth initiatives. With a distinguished 30-year history, CloudPay has established a world-class customer base, collaborating with over 280 corporate clients to manage their payroll and payment requirements across more than 130…