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The latest news
Fashion 2021: will 'Regencycore' dethrone homewear this year?
"Regencycore," referring to Regency era-influenced style, popularized by the Netflix series "Bridgerton", has women buzzing about corsets since the historic drama went online on December 25.
Fashion
Investors resigned to Trump's China ban, with Biden seen changing little
Financial executives are settling in for the long haul over the Trump administration's investment ban on Chinese securities, expecting the rules to be lasting.
Others
Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy
President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion.
Others
Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu: sources
The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said.
Others
Walgreens maintains full-year profit growth forecast; shares rise
Walgreens Boots Alliance Inc said on Thursday it expects benefits from Covid-19 vaccinations to cushion the impact of pandemic-induced restrictions, and stuck to its full-year earnings growth forecast.
Fashion
Stella Tennant's death confirmed as suicide
Stella Tennant’s death has been confirmed as suicide by her family who said the British supermodel had been “unwell for some time”.
Luxury
Macy's to close more than 30 stores in 2021
The New York-based department store retailer revealed on Wednesday that it will permanently shutter a further 37 locations this year, including 36 namesake stores and one Bloomingdale’s location.
Fashion
Perfect Corp. secures $50 million in funding round led by Goldman Sachs
The beauty technology solutions provider behind YouCam Makeup announced on Wednesday that it has raised $50 million through a Series C funding round led by global investment bank Goldman Sachs.
Beauty
Trump bars U.S. transactions with eight Chinese apps including Alipay
U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app.
Others
U.S. private payrolls post first decline in eight months as Covid-19 cases soar
U.S. private companies shed workers in December for the first time in eight months as out-of-control COVID-19 infections unleashed a fresh wave of business restrictions.
Others
Alibaba plans $5 billion bond this month amid regulatory scrutiny - sources
Alibaba plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire.
Others
Alexander Wang releases response to sexual assault claims via Instagram
Designer Alexander Wang has denied accusations of sexual assault claims in multiple statements, the latest being via Instagram.
Fashion
UK parliament approves Brexit trade deal with EU as both sides look to future
British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the EU on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
Fashion
"Zero tariff and quota" Brexit trade deal agreed at 11th hour
The UK and the EU have agreed a trade deal almost at the last minute with the existing transitional deal that followed the UK's official EU exit earlier this year due to expire in just a week.
Fashion
China launches probe into Alibaba for suspected monopolistic behaviour
China has launched an investigation into Alibaba Group for suspected monopolistic behaviour, regulators said on Thursday.
Others
More than 1,000 chain stores closed in New York in 2020
According to the Center for an Urban Future, retail chains shuttered more than 1,000 stores in New York this year due to the impact of Covid-19, with both clothing and beauty stores implementing widespread closures.
Fashion