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Business

Amazon set to invest 9 billion dollars in Singapore

Amazon said Tuesday it would invest 9 billion USD in Singapore over the next four years to expand its cloud computing capabilities in the city. The announcement comes after fellow tech titan Microsoft unveiled billions of dollars of investment in the same sectors in Southeast Asia last week as firms look to take advantage of growing demand in...

Retail

UK retail suffers dismal April sales amidst weather woes and Easter timing

April's retail sales in the UK took a hit, dropping by 4 percent compared to the same period last year, according to data from the British Retail Consortium. The timing of Easter played a role in this decline, with the holiday falling in March this year as opposed to April last year, skewing year-on-year comparisons. To counteract this...

Fashion

Canada's Competition Bureau investigating Lululemon over greenwashing allegations

Canada's Competition Bureau has initiated a formal probe into Lululemon's environmental claims featured in its marketing campaigns, spurred by allegations of deceptive tactics. Marianne Blondin, a bureau spokesperson, confirmed the investigation to Canadian broadcaster CBC. Stand.earth, the advocacy group at the forefront of the scrutiny, has...

Business

Coty's Q3 LFL revenues up by 10 percent, beat forecast

Coty’s third quarter net revenues grew 8 percent to 1,386 million dollars on a reported basis and 10 percent on a LFL basis supported by growth in fragrances, colour cosmetics, skin care and body care. These results trended above the company's guidance of 6 to 8 percent LFL for the second half of FY24. On a year-to-date basis, net revenues grew...