China tech companies dictating standards for Facial recognition

Chinese tech companies are at an advanced stage of shaping facial recognition and surveillance standards at the UN, as they aspire to dominate markets in the developing world for their designs. China Telecom, ZTE, Dahua are among companies proposing global standards in the UN’s International Telecommunication Union (ITU) for facial recognition, video monitoring, city and…

Ted Baker overstated the value of stock by £25m

Ted Baker. Admitted today that it had overstated the value of the stock on its book by £20 million to £25 million, but stressed any adjustment to inventory value will have no cash impact and will relate to previous years. Their shares plunged 10 per cent before recovering , down 8p at 390p. The company…

Chinese tech companies concentrate growth on Indian market

Hanfzhou, China’s tech city, where Club Factory, five-year-old business with 400 engineers and operators have built India’s fastest growing ecommerce start-up, a fashion and lifestyle market place that is gaining market share by undercutting domestic rivals on price. Club Factory a platform that began life in China in 2015, as a data analytics and drop…

Face scans mandatory for new mobile phone users in China

  A regulation announced in September 2019, was due to come into effect on Sunday when all people in China are required to have their faces scanned when registering new mobile phone services, as the authorities seek to verify the identities of hundreds of millions of internet users. China has for years been trying to…

Gradening vital to British economy

    Acknowledging the contributions of gardens to our mental and physical wellbeing and often the economic benefits are often overlooked, economic historian Roderick Floud steers to put it right in his latest book “An Economic History of the English Garden”.  This is the first book to question how much gardens and gardening have cost, and…

Silver Lake takes 10 per cent stake for $500m

Silver Lake, a US private equity firm is buying more than 10 per cent of the Manchester City Football group whose valuation of $4.8bn after the Gulf owners of Manchester City agreed to sell $ 500m stake. Abu Dhabi-controlled business that owns the English champions and affiliated teams in the US and China puts the…

LVMH acquires Tiffany for $16.7bn

Bernard Arnault’s luxury LVMH is set to buy Tiffany & Co for $16.7bn, after the US jeweller negotiated to raise the offer by $600m to clinch an agreement. Europe’s richest man and his group can restore Tiffany to its former glory as one of the top brands in global luxury. The boards of both companies…