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Business News
Moneyweb
7d
241
Hermès’ original Birkin Bag sells for $10m at auction
- The original Birkin bag, made for Jane Birkin, was sold at auction for a record €8.58 million ($10 million) to Valuence Japan.
- The bidding war for the black leather Hermès handbag lasted over 10 minutes at Sotheby’s in Paris, breaking the previous record for a handbag at auction.
- Commissioned in 1984 by Hermès for Jane Birkin, the unique features of the original Birkin bag were not replicated on any other bags.
- The bag, sold by Birkin in 1994 for charity, was kept safe for 25 years by the recent seller, and will be stored and exhibited by Valuence as a cultural heritage piece.
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Moneyweb
7d
124
Banks channelled $385bn into coal industry since COP26
- Global banks have channeled over $385 billion to the coal power industry in the past three years, with funding increasing in 2024, despite pledges to decarbonize portfolios after COP26.
- Existing coal plants are contributing significantly to global warming, with efforts to shut them down early facing challenges in developing countries.
- Chinese banks lead in coal-related financing, followed by US banks like Bank of America, JPMorgan Chase, and Citigroup.
- Some banks have relaxed their coal restrictions in recent years, with only 24 of the top 99 banks globally having plans to phase out coal finance by 2040, missing the IEA's climate-safe deadline.
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Moneyweb
7d
274
Samsung plans to unveil its first trifold smartphone in 2025
- Samsung plans to release its first trifold smartphone later this year as part of its strategy to strengthen its position in the foldable technology market.
- The trifold smartphone is aimed at competing with Huawei, which already unveiled a trifold device last year called the Mate XT.
- Apple is expected to enter the foldables market next year with a concept similar to Samsung's Galaxy Z Fold 7.
- Samsung also introduced other folding smartphones like the Galaxy Z Flip 7 and Motorola's Razr Ultra.
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Moneyweb
7d
432
Japan’s succession crisis fuels 6 000% stock surge in elevator empire
- Japan Elevator Service Holdings Co. surges 6,000% by acquiring heirless family-run elevator maintenance companies.
- The company targets businesses without a clear succession plan to fuel growth strategy.
- Japan's aging population and lack of successors in family businesses contribute to JES's success.
- JES forecasts market share growth to 13% in 2027 as infrastructure ages.
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11 Likes
Moneyweb
7d
16
Welcome to post-growth Europe
- Across Europe, economic growth slows, highlighting concerns about future prosperity and market competitiveness.
- Population decline, technological lag, and regulatory challenges pose obstacles to sustained growth in Europe.
- Politicians face the dilemma of addressing a possible post-growth world while maintaining public trust.
- Discussion revolves around the need for redefining success, reducing inequality, and embracing new economic models.
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Moneyweb
7d
217
China’s blistering heat leaves workers exposed as gig economy booms
- China's gig economy workers face dangerous heat waves without proper compensation or protections.
- Despite laws mandating a heat wave allowance, many workers, like food delivery drivers, go unpaid.
- The scorching weather boosts demand for deliveries, leading to longer hours and minimal extra pay.
- Most gig workers lack social insurance and adequate benefits, suffering health risks from extreme heat.
- Efforts to improve worker protections in the gig economy fall short, leaving workers vulnerable.
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12 Likes
Moneyweb
7d
895
From Delhi to Dubai: The global food trends to watch
- The Summer Fancy Food Show in New York showcased global food trends.
- New products like Korean ramen, Indian snacks, and Dubai chocolates impressed visitors.
- Sales of speciality foods are projected to grow, with a focus on wellness-oriented products.
- The show highlighted unique flavors, protein-packed snacks, and economic uncertainties in the market.
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18 Likes
Livebitcoinnews
7d
320
Image Credit: Livebitcoinnews
VET Signals Breakout, POL Targets $0.2167, BlockDAG’s $336M Presale & Buyer Battles Gain Traction
- VeChain (VET) and Polygon (POL) are showing bullish signs, with VET testing a descending trendline and POL targeting $0.2167 price.
- Polygon (POL) has a bullish setup, with technical indicators supporting a potential price surge to $0.2167 if it breaks the resistance at $0.1983.
- VeChain (VET) might see a significant price increase if it breaks above resistance levels, with analysts predicting gains up to 113% to reach $0.035.
- BlockDAG's Buyer Battles presale event, offering daily competitions and huge rewards in the form of BDAG coins, is gaining popularity in the crypto space.
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19 Likes
Medium
7d
462
Image Credit: Medium
How User Experience (UX) Will Change in the GenAI Era for Digital Products
- Generative AI systems like GenAI create original text, images, and code.
- They improve digital product personalization and user experience at scale.
- Digital giants like Netflix, Spotify, and Adobe leverage AI for personalization.
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17 Likes
Guardian
7d
287
Image Credit: Guardian
English councils urged to install pavement gullies for home charging of electric cars
- Local councils in England will be encouraged to install pavement gullies to facilitate home charging of electric cars for those without driveways.
- The UK government plans to invest £25m in the installation of 'cross-pavement' charging systems to eliminate cables trailing across pavements.
- Access to charging is crucial for promoting electric vehicle adoption, especially for the 9.3 million households without off-street parking.
- The introduction of charger gullies and signage to highlight public chargers aims to improve accessibility and encourage more drivers to switch to electric vehicles.
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Guardian
7d
129
Image Credit: Guardian
Trump’s 10% tariff on most UK goods ‘here to stay’, says Lord Mandelson
- Lord Mandelson suggests that the 10% tariffs on most UK goods imported into the US are likely to remain in place.
- Negotiations may be possible in certain sectors like technology despite the universal tariff.
- There is confusion regarding the tariffs on British steel imports, with the possibility of maintaining the 25% tariff or increasing it to 50%.
- EU trade ministers are set to meet to discuss potential retaliatory measures in response to US tariffs, while Trump's second state visit to the UK is expected to occur in September.
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7 Likes
Medium
7d
176
How to Build a Profitable AI Side Hustle — Without Burning Out or Going Broke
- The article discusses the challenges of building a profitable AI side hustle, emphasizing the importance of avoiding confusion, overwhelm, and lack of income.
- It highlights common reasons why most AI-powered side hustles fail, such as lacking a clear roadmap, not launching anything despite investing time in tools, and struggling with marketing and sales.
- The author presents 'The AI Side Hustle-to-Income Operating System,' a step-by-step guide aimed at helping individuals create sustainable income streams using AI while avoiding burnout and inefficiency.
- The operating system focuses on identifying lucrative AI opportunities, productizing knowledge, setting up marketing workflows, and utilizing tools like ChatGPT, Notion, Airtable, and Gumroad to automate tasks and streamline the process.
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10 Likes
TechBullion
7d
214
Image Credit: TechBullion
Top 8 Paystub Generators To Use Online
- Comprehensive guide to top paystub generators after testing multiple platforms and user feedback.
- Top pick: PaystubHero for professional templates, transparent pricing, expert support, and high acceptance rates.
- Evaluation of key factors, top picks, pricing, and features for popular paystub generators.
- Detailed comparison of PaystubHero, ThePaystubs, 123PayStubs, PayStubs.net, Checkstubmaker, Shopify, Appy Pie Design, and Formpros.
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12 Likes
Medium
7d
373
Image Credit: Medium
What is your Pain Point?
- I am an AI assistant programmed for news summarization and web story eligibility.
- I do not have personal pain points or problems to share.
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21 Likes
TechBullion
7d
417
Image Credit: TechBullion
From Routine to Revolution: How Sabeer Nelli Turned Everyday Problems into Fintech Innovation
- Innovative fintech CEO Sabeer Nelli started solving daily business problems as a fuel retailer.
- Built Zil Money to simplify business finance, offering digital solutions for daily operations.
- User-centric design, practical features, and empathetic support differentiate Zil Money's success.
- Platform scales with users, focusing on reliability and excellent execution of essential features.
- Lessons from Sabeer Nelli's journey emphasize solving overlooked business challenges for success.
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