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Fashion

Ally Fashion Collapses: 185 Stores And 1000 Staff Impacted Across Australia

The Federal Court of Australia on Friday ordered the company to close due to financial difficulties. The process began in November 2024 when Ginninderra Properties, a commercial property group, filed for the action, as stated in a public notice by the Australian Securities and Investments Commission.
Hong Kong extended its recent rally, even as most other Asian markets fell

Frankfurt Stocks, Euro Rise On German Vote Outcome

Frankfurt equities and the euro rose Monday after conservatives led by Friedrich Merz won Germany's national election, with investors hoping that Europe's largest economy can emerge from recession.
Alibaba and other tech giants have enjoyed a revival in recent months, after being hit by a long-running government crackdown

China's Alibaba To Invest $50 Bn In AI, Cloud Computing

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
The ECB began raising borrowing costs sharply in July 2022 as Russia's war in Ukraine pushed up costs

ECB Rate Hikes Result In Record Loss In 2024

The European Central bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation.
Satoshi

Satoshi Stacker: The Entrepreneur Building A Digital Utopia

With a vision that transcends traditional business, Stacker is aiming to create a self-sustaining, decentralized digital society where governance, finance, and innovation operate independently of traditional institutions.
Digital giants like Meta have recently muscled in to the world of subsea cables

Meta Plans Undersea Cable To Link Five Continents

Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.
Argentina's President Javier Milei faced criticism after promoting a cryptocurrency whose value soared and then fell sharply

Cryptocurrency Promoted By Argentina's Milei Crashes

Argentina's President Javier Milei admitted making a mistake on Saturday after promoting a cryptocurrency whose value soared and then crashed, with his office announcing an "urgent investigation".

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