International News

More than 10 million UK workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age, a report said on Friday. The report by the...

The cloud-computing arm of Amazon on Tuesday launched its first joint innovation service centre in China's Qingdao. The Qingdao-Amazon Web Services (AWS) centre aims to provide cloud-computing services -- including web services, new technologies such as cloud-computing and big data,...

Souq.com, one of the biggest online retail and marketplace site in Middle East, will benefit immensely from its acquisition by e-commerce major Amazon.com, said the company's CEO and Co-founder, Ronaldo Mouchawar. Amazon.com and Souq.com in a joint statement today said...

While Apple's retail team is currently remodelling all its stores, the company expanded its reach with three new stores in China, Germany and the US. More than 350 store employees at the new stores in Nanjing (China), Cologne (Germany) and...

Coca-Cola’s global chief marketing officer Marcos de Quinto has put down his papers amid leadership changes, as reported by many international media reports. The soft drink giant is consolidating its marketing, customer and commercial leadership strategy into one combined function....

Anglo American's diamond specialist De Beers has bought the 50 per cent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation. "More fully integrating the...

French luxury group LVMH said on Monday that it has purchased a majority share in the house created in 2009 by perfumer Francis Kurkdjian and Marc Chaya. However, the financial terms of the deal have not yet been disclosed. The company...

More than 2,000 restaurants in Shanghai have installed see-through kitchens in a bid to improve food safety, a media report said. In these restaurants, a piece of glass separates the kitchen from the dining area so that both diners and...

Walmart, on behalf of Jet.com, has acquired online retailer ModCloth, best known for its vintage-inspired clothing. Walmart had acquired Jet.com The 15-year-old brand is known for its quirky, indie-inflected collection of clothes. ModCloth was founded by high school sweethearts Susan Gregg...

James Gager, is resigning from his post of creative director for M.A.C. Cosmetics - a position he has held for 17 years. He will be succeeded by Toni Lakis, his long-time second in command. Gager has been part of the Estée Lauder Group...

New permit documents - revealed by Geekwire - show that e-commerce behemoth Amazon is planning to open several drive-up grocery locations in the US soon, starting with Seattle. The project, called AmazonFresh Pickup, is the next phase in the online giant’s physical...

US President Donald Trump's oldest daughter Ivanka Trump will shut down her brand's fine jewellery line, media reports said. According to the President of Ivanka's brand Abigail Klem, brand has discontinued its line of high-end bracelets, necklaces and rings. Instead,...

Retail trade in China began 2017 with a cumulative increase of 9.5 per cent between January and February -- as compared to the same period in 2016 -- which is below economists' expectations of 10.5 percent and also its...

Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Brands are first evaluated to determine their power/ strength (based on factors such as marketing investment, familiarity, loyalty, staff satisfaction...