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Alexi McCammond resigns as editor of Teen Vogue

Alexi McCammond resigns as editor of Teen Vogue

The publication’s recently appointed editor-in-chief has resigned from her new position before officially starting, following backlash related to anti-Asian and homophobic tweets she posted a decade ago.
Fashion
Australia's biggest lender to take on Afterpay, PayPal in buy now, pay later race

Australia's biggest lender to take on Afterpay, PayPal in buy now, pay later race

Commonwealth Bank of Australia on Wednesday became the first major lender in the country to offer its own "buy now, pay later" service, taking on U.S. payments giant PayPal and Afterpay with the promise of lower fees.
Fashion
China asks Alibaba to dispose of media assets: WSJ

China asks Alibaba to dispose of media assets: WSJ

China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Others
2022 to be first $1 trillion year for US e-commerce

2022 to be first $1 trillion year for US e-commerce

According to a new report from Adobe, in line with current growth trends, next year is expected to be the first in which annual e-commerce sales exceed $1 trillion in the United States.
Fashion
Rakuten shares jump 24% on Japan Post stake sale

Rakuten shares jump 24% on Japan Post stake sale

Rakuten Inc’s shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.
Others
China's JD.com in talks to purchase stake in brokerage worth $1.5 billion - sources

China's JD.com in talks to purchase stake in brokerage worth $1.5 billion - sources

JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations.
Others
Activist investor group cuts Kohl's director nominees to five from nine

Activist investor group cuts Kohl's director nominees to five from nine

A group of activist investors with a combined 9.5% stake in Kohl’s Corp on Thursday reduced the number of directors it plans to nominate to the department store’s board to five from nine.
Others
China's JD.com cashes in on steady online demand, beats market expectations

China's JD.com cashes in on steady online demand, beats market expectations

JD.com Inc’s fourth-quarter revenue beat expectations on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic.
Others
U.S. households ended 2020 with record $130.2 trillion in wealth, Fed says

U.S. households ended 2020 with record $130.2 trillion in wealth, Fed says

U.S. households ended 2020 with a record $130.2 trillion in wealth, the Federal Reserve said on Thursday, as rock-bottom interest rates and a massive fiscal rescue stemmed the pandemic's economic fallout.
Others
PayPal brings its 'buy now, pay later' offer to crowded Australia

PayPal brings its 'buy now, pay later' offer to crowded Australia

PayPal Holdings Inc will launch its "buy now, pay later" (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday, muscling in further on Afterpay Ltd and others for share in the booming industry.
Fashion
Deutsche Post raises targets as ecommerce booms

Deutsche Post raises targets as ecommerce booms

Deutsche Post raised its medium-term financial targets on Tuesday after beating forecasts for 2020, predicting that the boom in ecommerce driven by the coronavirus pandemic will continue.
Fashion
'Bringing us together': South Africa's sneaker craze

'Bringing us together': South Africa's sneaker craze

As a marker of personality as well as social status, sneakers are cared for and worn with pride, and youths compete to hunt down the rarest models from a market flooded with old and new sneakers -- including many fakes.
Fashion
Swiss retailer Dufry second-half cash burn close to worst-scenario forcast, annual turnover drops

Swiss retailer Dufry second-half cash burn close to worst-scenario forcast, annual turnover drops

Swiss duty free retailer Dufry said on Tuesday its average monthly cash burn was 45.7 million Swiss francs ($48.84 million) in the second half, close to its worst case scenario forecast.
Beauty
Walmart to spend an additional $350 billion on US-made products over next 10 years

Walmart to spend an additional $350 billion on US-made products over next 10 years

The American retail giant has announced that it plans to support national manufacturers with $350 billion in added business over the next decade, with focus areas including textiles and small electrical appliances.
Fashion
UK ONS says identifies error in retail prices index

UK ONS says identifies error in retail prices index

Britain's statistics office said on Thursday it had identified an error in the retail prices index, which is used to calculate government bond payments.
Others
EU sets itself jobs, training and equality targets for 2030

EU sets itself jobs, training and equality targets for 2030

The European Commission has announced goals for the 27-nation bloc to reduce poverty, inequality and boost training and jobs by 2030 as part of a post-pandemic economic overhaul financed by jointly borrowed funds.
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