BUSINESS

Craig Crosbie, Robert Ditrich and Daniel Walley, of PricewaterhouseCoopers (PwC) Australia, revealed late last month that big-name retailers and investment groups were among those expressing interest in scooping up the company’s assets. However, today the administrators say that “no viable offers to take the business forward as a going concern have been submitted”. The store closures will take place in stages until 31 May 2024, leading to massive job losses including 25 head-office staff which were
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2 years ago Read more at Business News Australia

University of Canterbury (UC) is the second largest employer in Waitaha Canterbury. Over half of the region’s NCEA-qualified students choose to study at UC. One in two UC graduates who remain in New Zealand join the workforce in or around tautahi Christchurch. Business Canterbury has carefully chosen UC as a strategic partner.
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2 years ago Read more at The National Tribune

Freshippo's value-for-money Global Go business recorded 100% growth year-on-year. Chinese consumers have strong appetite for high-quality food. But they are also increasingly price sensitive, Kantar data shows. Global Go leverages direct partnerships with upstream suppliers around the world.
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2 years ago Read more at Alizila

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2 years ago Read more at BusinessDesk

Representatives of Saudi Arabia’s Public Investment Fund (PIF) have discussed a potential partnership with US venture capital firm Andreessen Horowitz and other financiers in recent weeks. PIF governor Yasir Al-Rumayyan discussed the possibility of the US firm setting up an office in Riyadh. Other venture capitalists may participate in the kingdom’s AI fund, which is expected to commence in the second half of 2024.
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2 years ago Read more at Gulf Business

More than three-quarters of UK businesses believe the Labour Party would have a positive impact on the country’s innovation, should it win the 2024 general election. Since 2010, a Conservative-led government of one form or another has presided over the UK. While the 2019 election delivered the Tories a substantial parliamentary majority, the following period has steadily seen the party lose the support of public opinion.
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2 years ago Read more at Consultancy.uk

Louis Saha believes Antony has 'unfinished business' at Old Trafford. Ajax striker has been bitterly disappointing since joining Man Utd for £80m. Saha says he needs the belief of the club's supporters.
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2 years ago Read more at Football365

In an era where technology intertwines with daily life, AI emerges as a double-edged sword, cutting through the fabric of society with both promise and peril. As AI reshapes industries, it also casts a long shadow over fundamental human rights and ethical business practices. The transformative power of AI in the legal domain is both fascinating and alarming.
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2 years ago Read more at ITWeb

Saudi Arabia plans to create a fund of about $40 billion to invest in artificial intelligence, with a potential partnership with Andreessen Horowitz. Unilever ULVR, the consumer goods giant, said on Tuesday that it would cut 7,500 jobs and spin off its ice cream unit. Two major American newspaper chains, Gannett GCI and McClatchy, plan to drastically curtail their business relationships with The Associated Press.
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2 years ago Read more at TradingView

Prudential reported a 43 per cent rise in new business profit to US$3.1 billion (S$4.2 billion) for the financial year ending in December 2023, compared with US$2.2 billion a year earlier. On a constant exchange rate basis, the new business profits would be up 45 per cent. This was led by the Hong Kong market, in particular after the reopening of the border between Hong Kong and the Chinese mainland.
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2 years ago Read more at The Straits Times