International News

Alibaba Digital Media and Entertainment Group on Friday announced that Jack Huang, President of Overseas Business of Alibaba Mobile Business Group has been elevated as the group's President. "The recent restructuring in leadership team is a step forward for the...

Fashion and accessories retailer Rue21 filed for bankruptcy protection late Monday after its budget-conscious customers migrated to fast-fashion competitors and nimbler online sellers, closely resembling the struggles of other mall chains. Rue21 filed for bankruptcy protection in a Pennsylvania court. The...

Ralph Lauren has appointed Patrice Louvet as its new President and Chief Executive Officer to oversee its ongoing turnaround strategy. Patrice Louvet, who most recently oversaw Procter & Gamble's global beauty business, will become CEO on July 17. His appointment...

American fast-food chain McDonald's announced of collaborating with ride-hailing app Uber to deliver food in over 1,000 outlets across the US. The initiative called McDelivery, aims at winning back young customers who are willing to pay for food brought to...

Dubai has launched an initiative to certify e-commerce websites, as part of its efforts to protect consumers, resolve their complaints and ensure best practices in online transactions. The Digital Protection service is aimed at e-commerce companies offering their services in...

Pakistan on Tuesday signed a Memorandum of Understanding (MoU with Chinese tech giant Alibaba to promote the country's worldwide exports by Small and Medium Enterprises (SMEs) through e-commerce. The agreement was signed by Pakistan's Commerce Minister Khurram Dastgir and Alibaba's...

China's retail sales, a key indicator of consumption, grew 10.7 per cent year on year in April, 0.2 percentage points slower than the March level, official data showed on Monday. Total retail sales of consumer goods hit 2.73 trillion yuan...

Online food takeaway firm Delivery Hero, one of Europe’s biggest start-ups, has raised 387 million euros by issuing new shares to South African media and e-commerce firm Naspers. This investment will help fuel Delivery Hero's growth plans. Naspers will also...

Apple's expected launch of its $1,000 iPhone this year would give it market capitalisation of nearly US $900 billion, making it the first company ever with such a mammoth valuation, a media report said. "Apple will unveil its first US...

In response to customer feedback and just in time for summer, Starbucks has added more protein, fruits and vegetables to the company’s grab-and-go lunch menu. The top customer requests asked for protein-packed options, chicken and turkey raised without antibiotics, and...

Supermodel Gigi Hadid will continue as global brand ambassador for Tommy Hilfiger Womenswear and co-design the TommyXGigi collaborative collections for Fall 2017 and Spring 2018. Hadid will continue as the global brand ambassador for Tommy Hilfiger womenswear, including apparel, footwear,...

Target Corp announced in their company blog this week that it would launch next-day delivery service of household goods, which is an effort to better compete with Walmart and Amazon. According to the company, they have created Target Restock to save...

American bags and accessories design house Coach has acquired its rival Kate Spade for US $2.4 billion. In a statement on its site on Monday, the company stated its aim to create a more diverse multi-brand portfolio. It also noted...

In yet another milestone, Apple's market capitalisation briefly soared past US $800 billion threshold, making it the first company ever with such a mammoth valuation. Apple's shares closed up 2.7 per cent for the day at US $153.01 late on...