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French store BHV ends partnership with retailer Shein, French media say
PARIS, June 16 : French department store BHV is ending its partnership with Chinese online fast fashion retailer Shein, French media reported on Tuesday.• The Societe des grands magasins, or SGM, which has been operating the BHV Marais, said it was selling the Parisian department store to its current manage
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EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
June 16 : EssilorLuxottica, the world’s largest eyewear maker, has signed a long-term deal with U.S. chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday.
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Amorim named AC Milan manager as club look to rebuild after tough season
June 16 : Ruben Amorim was appointed AC Milan manager on Tuesday after a disappointing campaign for the Serie A club saw them miss out on Champions League qualification.The 41-year-old Amorim replaces Massimiliano Allegri, who was sacked after Milan finished fifth in the league last season.”I know exac
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Exclusive-Binance set to lose permission to operate in EU, sources say
FRANKFURT, June 16 : Binance, the world’s largest crypto exchange, is set to lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters.Under new EU rules, called MiCA, crypto firms have until the e
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Dutch transportation minister defends Tesla FSD approval
AMSTERDAM, June 16 : The Netherlands’ transportation minister on Tuesday denied the country’s influential RDW authority had relied on statistics submitted by Tesla as the basis of its approval of the company’s “Full Self Driving (supervised)” software for use on Dutch roads.The RDW approved the Tesla software
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Czechs and South Africa under pressure after opening losses
ATLANTA, June 16 : Defeat in their opening Group A games leaves the Czech Republic and South Africa playing catch-up when they meet in Atlanta on Thursday, and both sides need a vastly improved performance in order to keep their World Cup hopes alive.South Africa had the privilege of playing in the World Cup
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Oslo fans could be stranded after Norway World Cup opener
June 16 : Tens of thousands of soccer fans in Oslo could be left stranded after Norway play their World Cup opener against Iraq, with parts of the public transport network in the capital city set to shut down before the final whistle. Around 35,000 fans are expected to gather at the Ullevaal Stadium where…
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US Federal Reserve kicks off first meeting with Warsh as chair
The US Federal Reserve is expected to leave interest rates unchanged as it balances rising inflation with economic uncertainty.
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Snap bets on life beyond smartphones with $2,195 Specs augmented-reality glasses
June 16 : Snap on Tuesday launched its first augmented-reality glasses for consumers at a hefty price of $2,195, pitching the device as the future of how people interact with technology in the AI age.Unveiled at the Augmented World Expo in Long Beach, California, Specs mark a major bet by the social media min
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Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure
June 16 : Snap CEO Evan Spiegel told Reuters the company’s new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist investor demands to shut down or spin off the cash-burning unit behind the device.The Snapchat parent launched the device, its first consumer AR glasses,
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