'Red Bull can fight Ferrari'
Daniel Ricciardo has tipped Red Bull to challenge Ferrari for the final podium position in Sunday’s Hungarian Grand Prix after impressively splitting Sebastian Vettel and Kimi Raikkonen on the grid.
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Donna Karan goes into the haze for Cashmere Mist TV spot
Donna Karan’s Cashmere Mist U.S. fashion label Donna Karan is showing that the show must go on without its namesake founder in a new advertising campaign. Ms. Karan announced that she will be stepping down as chief designer at her LVMH-owned brand in July, with the Donna Karan Collection being suspended for the time being. With Ms. Karan’s departure to concentrate on her lifestyle brand, Urban Zen, the Donna Karan
Gucci continues “revolution” with Dover Street Market shops
Gucci fall/winter 2015 campaign Italy’s Gucci is the latest brand to collaborate with retailer Dover Street Market as a way to explore the brand’s new creative direction and identity. The collaboration between Gucci and Dover Street Market will begin on July 25 with the opening of the fashion label’s dedicated shop-in-shop in Ginza, Tokyo. After the opening, Gucci will open shop-in-shops at Dover Street Market’s locations in London, New York
Madison Avenue BID sees luxury retail growth in H1
Madison Avenue New York high street Madison Avenue saw the opening of 11 retailers in the first half of the year. Between Jan 1. and June 30, Madison Avenue saw new openings including boutiques, art galleries and spa facilities, motioning that the retail stretch between East 57th Street and East 86th Street is popular among consumers and brands. New York real estate is notoriously expensive, with the priciest retail street
Running Man of Tech: Colin Jackson: stop running if you want to get faster
Giving Jackson a high five There’s a trend in wearable technology to keep imbuing more devices with ever greater technology to give us more data about how fit we’re getting. That’s why I was standing in Regent’s Park in London at the centre of a dusty running track with Colin Jackson, learning about how many sensors Sony’s new Smart B-Trainer has packed in. You can read more about that in
Greek bailout talks to start on Monday after delay
Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected to start on Friday but were delayed by organizational issues including the location of talks and security. The finance
Next IMF boss likely to come from outside Europe: deputy head
The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturday. IMF First Deputy Managing Director David Lipton told the BBC World Service the tradition by which a European heads the fund while an American leads the World Bank was coming under pressure and
Pearson says in talks to sell its 50 percent stake in The Economist
Britain’s Pearson (PSON.L) said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson’s sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week as its focuses on its education business. “Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential
AT&T, DirecTV complete merger to form biggest pay-TV company
The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country’s largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval. The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp. The company said it will serve more than 26 million U.S. customers and more than 19 million in Latin America, making it the world’s biggest pay-TV
Anthem to buy Cigna, creating biggest U.S. health insurer
The proposed acquisition, the health insurance industry’s largest, comes three weeks after Aetna Inc agreed to buy Humana Inc for $37 billion. Health insurers are finding it tougher to raise prices following the roll-out of President Barack Obama’s healthcare law, while grappling with soaring expenses of medications including cancer drugs that can cost each patient more than $100,000 a year. Anthem said buying Cigna would help it reduce costs and