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31d06/16

Shein faces exit from Paris department store after backlash

A department store in central Paris announced on Tuesday the end of its cooperation with Chinese ultra-fast fashion giant Shein, which, French media reported, could see the e-commerce platform’s first physical store closed by this Christmas. La Societe des Grands Magasins (SGM), owner of the historic BHV Marais, which sits opposite Paris City Hall a few hundred meters from Notre-Dame cathedral, has sold the store to a group of executives, led by Karl-Stephane Cottendin, the group’s outgoing CEO,

◇ unclassifiedchina · asia
31d06/16

Falling Oil Prices Could Ease Pressure on India’s Trade Deficit

The tentative U.S.-Iran deal and the expected drop in oil prices amid increasing flows from the Middle East are set to help narrow India’s trade deficit, which held at relatively high levels in April and May due to the crude price shock. Higher refined petroleum products helped India’s trade deficit narrow slightly to $28.21 billion in May from $28.38 billion in April, but the crude import bill nearly doubled compared to the same month last year. India’s petroleum imports jumped to $22.7 billion

◇ unclassifiedmiddle-east · russia · usa
31d06/16

vanerk space accumulation etf jedg

hi all i bought this etf in my stocks isa as a speculative bet £13k total but bought pretty much at the top averaging £98 a share , currently £73, the stocks it composing of are rocket lab , planet lab, asts etc, i thought it would go up a lot more but this is a long term hold, im talking 20 years but obviously a drop of £4k currently isn’t what i want, these stocks overall are they good to hold long term to people who understand it more , also i haven’t dca in , now its £73 a share and im avera

Social◇ unclassifiedsocial-signal
31d06/16

People buying Tesla at a $1.2T valuation: what is the actual bull case?

I’m genuinely trying to understand the math. Tesla is worth roughly $1.2 trillion today. Current numbers are approximately: Revenue: ~$100B/year Net income: ~$4B/year Revenue growth: roughly flat over the past year P/E: ~300x Let’s assume Tesla achieves enormous success. By 2035: FSD works. Robotaxis are widely deployed. Optimus becomes a real business. Energy keeps growing. Tesla becomes one of the most successful companies in history. What does that actually translate to in dollars? If Tesla e

Social◇ unclassifiedsocial-signal
31d06/16

2 passengers killed as truck collides with taxi on Hong Kong road

Two passengers were killed late on Tuesday when a truck slammed into their taxi on a wet highway in Hong Kong, with the cab flipping at least six times and tossing both of the victims onto the road. Police said the collision occurred at about 10pm on Tsing Sha Highway in Cheung Sha Wan as both vehicles were heading eastbound. The taxi was struck by the light goods truck near Hoi Lai Estate. The taxi’s two passengers, a man, 38, and a woman, 35, suffered multiple injuries and were pronounced dead

◇ unclassifiedchina · asia · europe
31d06/16⚠ war-conflict · 3/5

Russian warship fires warning shots at UK yacht in the Channel

Sailors on board ⁠a Russian frigate fired warning shots at a civilian yacht that had come near to it in the English Channel, close to British territorial waters, ‌a source familiar with the incident on Tuesday said. Britain’s ministry of defence said it was investigating reports of an incident in the Channel. No injuries or damage to the yacht were reported. The incident involved the Russian frigate Admiral Grigorovich, according ‌to the source familiar with the incident. Russian warships...

◇ unclassifiedchina · asia · russia
31d06/16⚠ war-conflict · 3/5

Hormuz Reopens as Traders Price Out the War Premium

The U.S.-Iran agreement to reopen Hormuz and lift the maritime blockade has pushed oil below $80, though risks remain if tensions in Lebanon escalate. China Slams the Brakes on Crude Refining - China’s crude throughput has plunged by a hefty 9.1% year-over-year to 12.7 million b/d, according to the country’s National Bureau of Statistics, marking one of the most substantial instances of demand destruction on the heels of the US-Iran conflict.- Refinery runs in China plunged to their lowest since

◇ unclassifiedmiddle-east · russia · usa
31d06/16

Corporate leaders turn to new doctorate to strategise AI adoption

[The content of this article has been produced by our advertising partner.] For modern-day businesses, effective AI adoption is increasingly seen as make or break if they are to stay competitive. Executives do see this potential but frequently reduce it to little more than a tool for drafting reports or creating slides. And this digital divide is what the Doctor of Business Artificial Intelligence (DBAI) at PolyU Business School of the Hong Kong Polytechnic University sets out to address. As...

◇ unclassifiedchina · asia
31d06/16⚠ war-conflict · 3/5

The $10 Billion Energy Corridor That Could Bypass Hormuz

The extended disruption caused by the US-Iran conflict highlights a need for diversifying energy export routes to reduce dependency on shipping via the Strait of Hormuz. A new initiative launched by the Washington, DC-based New Lines Institute seeks to develop Syria and Turkey into major energy distribution hubs. The Four Seas Initiative outlines an expansive framework for redirecting energy export flows in ways that can lessen European dependence on Russian and Iranian oil and gas while directi

◇ unclassifiedmiddle-east · russia · usa
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