Tiffany is expected to rebuff an unsolicited $14.5bn takeover approach from Bernard Arnault’s French luxury group LVMH. Tiffany’s adviser were yesterday still examining the surprise indicative offer from LVMH, the world’s largest luxury group by sales. The all-cash offer came earlier this month which pitches Tiffany shares at $120 per share at that time. Shares…
Diwali the festival of lights associated with Ram’s victory over Raavan and symbolises spiritual advancement amidst darkness, celebrated by millions of Hindus in India and all over the world. The five day long festivities spanning five days include cleaning houses, workplaces and decorating them with lamps, flowers and rangoli. The significance of five…
A conspiracy removed Margaret Thatcher states Charles Moore almost in slow motion. The volume starts in 1987 with Thatcher’s third general election victory covers her fall from power in 1990, and her subsequent decline. In the previous two volumes Moore has worked 20 years covering her childhood and early years, then her first victory…
A streamlined Hennes & Maurtiz store, decluttered in Karlaplan, affluent district of Stockholm, started crucial experiment which could turn the fortunes of the Swedish purveyor of cheap chic. H&M struggled for profitability in the wake of tough competition from Zara, owned by Spain’s Inditex, whose fashion were sharper. Menswear has been ditched so the selection…
Google, the world’s most popular search engine, is adopting artificial intelligence in its ranking algorithm. The change which Google explains as the most significant revision in at least five year, uses a new form of language analysis to understand users’ queries better and will affect its responses to one in `10 searches , according to…
SoftbBank to force 4, 000 WeWork job cuts WeWork is planning to cut 4, 000 jobs out of a workforce of 14, 000 as part of aggressive turnaround plans put in place by Japan’s SoftBank after it took control of the co-working business this week. 1, 000 pf the cuts will hit employees such as…
The Turla group, linked to a Russian cyber espionage unit has hacked allegedly OilRig Iranian hackers to lead attacks in over 35 countries according to a joint probe by UK’s National Cyber Security Centre in collaboration with the US National Security Agency. The Iranian group unaware that its hacking modus-operandi has been hacked and deployed…
Harrods to sell the most expensive traditional advent calendar in the world, inspired by the granite façade of the New York Store created by artist and illustrator Pat Vale, next month priced at £104, 000. The doors o the 4 feet calendar each open to reveal items from the Tiffany store on Fifth Avenue in…
Alarms already sounded by Bill Gates, late Stephen Hawking and Elon Musk, about artificial intelligence and how one day super-intelligent robots will one day wipe out or enslave humanity. Superhuman artificial intelligence is an approaching tidal wave that threatens not just human relationships and jobs but civilisation itself. Conflict between humans and machines is seen as…
Protesters comprising of high school and university students jumped turnstiles, attacked several underground station, started fire and blocked traffic, leaving widespread damage across Chilean capital Santiago and left thousands of commuters without transport. Earlier, this month, the government increased fares by $1.17 (£0.90p) for peak hour journey, blaming higher energy costs and weaker Peso. A…