American fast-fashion retailer Forever 21 is officially closing 200 stores following its bankruptcy announcement last September. The retail giant admits that the store leases have hurt the company’s revenue, in addition to the emergence of online shopping. The company has...
Time reported that the current protests in Chile that have been raging since last week is the result of the “stunning” wealth disparity in the country. Led by Chilean youth, the uprisings are spurred by the recent increase in...
French fashion conglomerate LVMH offered to buy Tiffany & Co. for $14.5 billion. The fashion giant confirmed its interest in the New York-based jeweler last Monday, October 28, 2019. According to Reuters, the company’s offer comes as Tiffany & Co....
Australian software solutions provider Bravura announced Monday, Oct 28, it is set to acquire leading microservices provider, FinoComp, for $25 million. In a press release, the software company said that the latest acquisition deal is expected to help Bravura develop...
United Kingdom-based fintech firm Revolut launched its services in Singapore last Thursday, October 24, 2019. Following their launch, the financial technology company revealed that it had already amassed 30,000 customers in the country. The business formally opened its digital...
A report from The Alliance for Affordable Internet (A4AI) showed that African consumers pay more in mobile data usage than the rest of the world. Internet access to African countries makes it expensive for low to middle-wage earners, approximately $35...
Eric Tse, a recent university graduate, and son of Sino Biopharmaceutical’s founder have become a billionaire overnight after receiving around one-fifth of their company shares as ‘gift’ from his parents. According to a report from CNN, the 24-year-old recent graduate...
The electric-car maker posted a surprise profit of $342 million in the third quarter of this year, with stock price going up to 20 percent. Tesla has outreached Wall Street’s expectation that the company will get a net loss of...
Swiss Bank UBS gets an investment boost from wealthy Asian clients as the company hits another low in the quarter. Through their rich Asian partners, the bank successfully added a $15.7 billion to their account. The boost allowed the...
The latest report from Credit Suisse, a leading financial services company based in Switzerland, revealed that the number of rich Chinese has now overtaken the number of rich Americans for the first time. According to the report, although the United...

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