Gucci aims to rival Louis Vuitton with USD12b target

After surpassing Hermes, Gucci has Louis Vuitton in its sights. The Italian fashion brand, owned by Kering SA of France, aims to lift revenue

Ikea vows to tackle unsustainable consumption

The world’s largest furniture retailer pledged to use only renewable and recycled materials in its products as part of a plan to have a

Foxconn chief: US-China dispute over tech, not trade

The CEO of Taiwan’s Foxconn, which assembles Apple iPhones and other products for tech companies, said yesterday that Washington’s dispute with China is over technology rather than

Huawei says it hasn’t collected Facebook user data

Chinese mobile phone maker Huawei said yesterday it has never collected or stored Facebook user data, after the social media giant acknowledged it shared such data with

Impossible Foods makes debut in Hong Kong’s hotels

California-based Impossible Foods is offering its award-winning, plant-based meat at three of Hong Kong’s top-ranking hotels, namely Hotel ICON, Grand Hyatt Hong Kong, and InterContinental Grand

Corporate Bits | BNU, City U sign strategic partnership

A Strategic Cooperation Agreement between Banco Nacional Ultramarino (BNU) and the City University of Macau (CityU) was signed yesterday, aiming to strengthen the financial ecosystem, fully

Delaware launches sports betting, other states close behind

Full-scale sports betting is coming to Delaware, barely three weeks after the U.S. Supreme Court cleared the way for states to implement wagering schemes.

Malaysia | Central bank Governor said to have offered to resign

Malaysia’s central bank Governor Muhammad Ibrahim offered to resign from his post two years into his term, according to people familiar with the matter, who declined to

In Indonesia, the cost of a curry just got a lot pricier

Cooking up Indonesia’s national dish is a lot more expensive these days. A sharp rise in the cost of some of the key ingredients that

Japan Air sets sights on AirAsia’s turf for first low-cost route

Japan Airlines Co. has decided to go head-first into the home turf of Asia’s largest low-fare carrier. The Japanese operator, which is starting its own budget

Corporate Bits | Sands China awards outstanding team members

Sands China Ltd. held the ninth edition of its Because We Care Team Member Awards on May 31 at The Venetian Theatre, where it honored outstanding

Disney’s Japan neighborhood pushed as possible casino location

The list of Japanese regions battling for a coveted spot for the development of casino resorts ranges from Osaka to Hokkaido. Add Mickey Mouse’s neighborhood

Malaysia to penalize owners who don’t replace Takata airbags

Malaysia’s transport minister said Saturday that owners of more than 71,000 affected Honda cars will be penalized if they fail to replace flawed Takata air bags, in

Airbus sees demand beyond Qantas for ultra long range plane

Global airlines are increasingly aiming for ultra-long haul flights and Airbus SE said it expects more carriers to order planes that can fly from one

Real Estate Matters | Student housing in Macau

If you browse through news related to international property, you often come across articles about the ‘student housing market’, which generally refers to the rental market for university

Wynn Resorts cuts ties to salon manager after founder’s exit

Wynn Resorts Ltd. cut ties this month to Claude Baruk, the celebrity hair stylist whose salons in Las Vegas figure in the Steve Wynn sexual-harassment allegations. The salons

Contract for Vegas casino employees nears expiration

The two largest resort operators in Las Vegas would lose more than USD10 million a day combined if housekeepers, cooks and others go on strike, a

Turmoil at Korean dynasty deepens as misdeed allegations mount

Add tax evasion and embezzlement to the mounting list of allegations that one of Korea’s richest families is facing, deepening the turmoil at a business

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