Pelosi and Schumer pledge quick action on Biden stimulus package


FILE PHOTO: Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Charles Schumer (D-NY) walk following a press conference on an agreement of a coronavirus disease (COVID-19) aid package on Capitol Hill in Washington, D.C., U.S. December 20, 2020. REUTERS/Ken Cedeno/File PhotoWASHINGTON (Reuters) […]

Barneys at Saks: Resurrecting a Luxury Legend


Saks Fifth Avenue is bringing Barneys New York back to life, in a Saks kind of way. On Friday, a “Barneys at Saks” department will be unveiled at the Saks Fifth Avenue flagship in Manhattan, where it occupies the entire 54,000-square-foot fifth floor. On Jan. […]

Mango Launching Mediterranean-Style Home Collection


Mango, the Spanish fashion brand, is extending its range by launching a Mango Casa home collection. The collection will be available on Mango’s website beginning in the second quarter of this year and in 20 European markets, including Spain. They can also be purchased in Mango stores […]

Shang Xia Embraces More Fashion-Driven Approach


SHANGHAI — More than a decade after Shang Xia’s creation and its initial bold declaration to become the first modern Chinese luxury house, the brand is journeying on what is still a lonely path. It’s somewhat unexpected given that in that same amount of time, […]

Dow, Nasdaq hit record highs as focus turns to Biden's stimulus speech


(Reuters) – The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden’s pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock […]

SPH Reit Q1 DPU down 13% to 1.2 Singapore cents


SINGAPORE (THE BUSINESS TIMES) – SPH Reit has declared a first-quarter distribution per unit (DPU) of 1.2 Singapore cents, down from 1.38 Singapore cents in the year-ago period. The lower DPU, down by 13 per cent year on year, was “in line with the gradual […]

Lack of Tiny Parts Disrupts Auto Factories Worldwide


Automakers braced for turmoil when the pandemic hit. They expected supply chain disruptions and plummeting sales. But they never figured that a year later one of their biggest problems would be PlayStations. Strong demand for gaming systems, personal computers and other electronics by a world […]

Next Senate Banking Chairman Sets Low-Income and Climate Priorities


Senator Sherrod Brown, the next chairman of the Senate Banking Committee, proposed a sweeping agenda on Tuesday, saying he would seek to improve housing and banking services for low-income Americans, fight global warming and foster racial equality when Democrats control both chambers of Congress and […]