Tag: asia

  • Changi airport T3 new experience unveiled

    Changi airport T3 new experience unveiled

    Passengers at Changi Airport Terminal 3’s Transit Hall will be welcomed by the refurbished Central Piazza, featuring the airport’s latest feature garden made up of elegant glass dandelion sculptures – the Crystal Garden.

    The Crystal Garden is brought to life by tiered garden beds incorporating a curated selection of flowering plants and 12 spheres of artisan dandelion glass sculptures in varying sizes.

    Inspired by the flora and fauna of the other gardens in Changi Airport, the glass sculptures glow with luminance, creating the illusion that they are floating on pools of water or swaying in a breeze – these offer passengers a captivating and unforgettable experience amidst a garden of lights.

    Prominently nestled in the heart of the Central Piazza behind the Crystal Garden is the brand new Louis Vuitton store which opened its doors today. As the luxury brand’s first duplex airport store in the world, it is a travel destination itself with its unique architectural elements.

    Joining the ranks of The Shilla Duty Free’s Cosmetics & Perfumes duplex and the DFS Wines & Spirits duplex at the Central Piazza, Louis Vuitton’s arrival at Changi Airport completes the trio of duplexes at T3’s Central Transit Hall, lifting passengers’ retail experience another notch up. A linkway at the mezzanine level above the Crystal Garden connects all the duplex stores and offers passengers the luxury of browsing seamlessly across the three retail spaces.

    Ms Lim Peck Hoon, Executive Vice President of Commercial at Changi Airport Group said, “The Crystal Garden is designed to engage the senses of travellers while capturing the carefree spirit of travel, as it greets travellers when they first step into T3’s Transit Hall. Besides the enriched offering of luxury goods, cosmopolitan travellers can look forward to an engaging retail experience in the revolutionary two-store Louis Vuitton boutique.

    Without a doubt, Louis Vuitton’s definitive French charm and distinct travel heritage plays up Changi’s image as a world-class shopping destination. We are delighted to welcome Louis Vuitton to Changi Airport.”

    Specially conceptualised for the Central Piazza, the Crystal Garden is the seventh feature garden at Changi Airport. It comprises 1,735 Bohemian glass components hand blown with different finishes, giving the sculpture richness and texture.

    Embracing the philosophy that nature soothes, the Crystal Garden gently integrates nature into the Central Piazza, presenting travellers with an interesting juxtaposition of poetic calm amidst a burst of colour and activity.

    The seeds of the dandelions floating across the Crystal Garden represent passengers on their onward journeys, spreading out to different corners of the world, as seeds would travel.

    Behind the Louis Vuitton duplex store, the Central Piazza also offers a new open lounge with plush seating and soft lighting, a dedicated working area and individual charging points, all carefully designed to enhance the T3 experience for all travellers.

  • Morocco announces auto industry deals worth $1.45 bln

    Morocco announces auto industry deals worth $1.45 bln

    Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of 1.23 billion euros ($1.45 billion) as it seeks to build its position as an international hub for the sector.

    The deals include six agreements with French company Renault to expand an “industry ecosystem” allowing the firm to increase local sourcing of car components to 55 percent, according to a government statement.

    Renault has a large factory in the northern Moroccan city of Tangiers that opened in 2012, and an older assembly plant in Casablanca.

    Another 13 of the new projects are planned as part of a manufacturing hub linked to a PSA Peugeot Citroen factory under construction in Kenitra, north of the capital, Rabat.

    That plant is due to open in 2019 and initially produce 90,000 vehicles a year.

    The projects announced on Monday are with companies from France, Spain, Italy, China, South Korea, Japan and the United States, and are expected to create more than 11,500 jobs, the government statement said.

    Eleven of the companies will be operating in Morocco for the first time, Abdel Wahid Rahal, a senior official at the ministry for industry, investment, trade and digital economy, said.

    On Saturday, officials announced a memorandum of understanding with Chinese automaker BYD to build an electric car plant near Tangier that is expected to create 2,500 jobs. They gave no details on the value of the deal.

    Unlike many countries in the region, Morocco has avoided a big drop in foreign investment following the global financial crisis and the Arab Spring uprisings of 2011, partly by marketing itself as an export base for Europe, the Middle East and Africa.

    The kingdom has attracted a number of big auto and aerospace investors in recent years.

  • China’s cars might finally going to make debut in Western markets

    China’s cars might finally going to make debut in Western markets

    After a decade of development, often through buying or benchmarking foreign technology and know-how, Chinese automakers are looking with greater ambition at selling their cars in major Western markets.

    Improvements in car design, technology and marketing at firms including Geely, GAC Motor and Great Wall Motor have brought them a bigger share in their home market, the world’s largest, and give them a better chance of survival in competitive markets in Europe and the United States.

    Once distant dreams of staking a claim in Western strongholds may now be edging nearer.

    “We have in the Western world an outrageous arrogance. We think we’re ahead. It’s going to change,” says Alain Visser, Senior Vice President of Lynk & Co, a new brand set up by Geely.

    “China is passing you at a speed that in our arrogance we don’t even see,” Visser told Reuters earlier this month.

    Hangzhou-based Geely, which owns Volvo Cars and Lotus and makes London black cabs, has its sights set on selling cars in Europe in 2019 and the United States a year later. The Lynk & Co brand, set up in Sweden with Volvo, will spearhead its attack.

    Geely plans only to sell ‘green’ cars – conventional hybrid, plug-in hybrid and all-electric models – in those markets, and would primarily sell through directly-owned stores and online rather than through traditional dealer franchises. It could also offer cars for rent via a subscription model similar to Netflix and Spotify.

    GAC Motor, whose parent Guangzhou Automobile Group partners Honda Motor, Toyota Motor and Fiat Chrysler in China, may beat Geely to the U.S. market, eyeing entry by end-2019. But unlike Lynk & Co, GAC is more likely to sell through a traditional distribution network of franchised retail stores there.

    It’s taken Chinese automakers years to get this far, and, to be sure, there will be significant road bumps.

    “A key obstacle in markets like the United States is a consumer bias against Chinese-made goods,” said Jeff Cai, a Beijing-based senior director at JD Power & Associates. “Our research found most U.S. consumers think China is a third-world country that builds low-quality products.”

    There’s also the thorny issue of China’s trade surplus with the United States – an imbalance high on U.S. President Donald Trump’s radar. Cars shipped in from China would likely increase that surplus.

    Selling direct, online

    Geely’s Lynk & Co aims to open its own flagship store in Berlin in the second half of 2019, and a similar outlet in San Francisco in 2020.

    In some U.S. states, which don’t allow direct selling, Lynk & Co plans a subscription-based sales model, renting cars to consumers on contracts as short as a month. Those deals will include insurance, warranty and other benefits.

    Visser says Lynk wants to test this unconventional retail model because it reckons around a quarter of revenue is lost through the traditional distribution business in dealer margins and discounting. He expects to recoup more than half those ‘losses’ by selling direct.

    Some of those savings will be passed on to customers by selling Lynk & Co cars at a more affordable price, Visser said, adding Lynk & Co aims to sell 250,000 vehicles a year across Europe and the United States – though he gave no firm timescale for that.

    In the United States, selling direct could put Lynk & Co on a collision course with the politically powerful National Automobile Dealers Association (NADA), the lobby group for franchise dealer operators.

    While Visser says NADA has “unbelievable power”, he believes dealers will eventually come around to Lynk & Co’s retail model as it would likely be franchise dealers who get to service Lynk & Co cars, carrying out repairs and regular maintenance – and that’s where dealers make most money.

    No Trumpchi for U.S.

    For its part, GAC Motor is looking at the possibility of building out its overseas presence from the U.S. northeast, two people close to the company said.

    That region, including Massachusetts, Connecticut, Maine and New York, is seen as being more open to foreign cars and to the sport-utility vehicles (SUV) that GAC Motor plans to sell, they said.

    The company said it has not yet decided a U.S. entry point, but would more likely opt to build a sales network with franchise dealers or join an existing dealer group.

    GAC Motor – which says it has developed rather than acquired its technologies – said it was conducting market research to determine the brand’s positioning and identify products for its U.S. business.

    Its first U.S. offering is likely to be an SUV sold in China as the Trumpchi GS8. Given the political sensitivities, the model will be renamed for the U.S. market.

    “We respect culture in the U.S. and understand there’s no precedence to use the current president’s name as a brand name,” the company said through a spokeswoman.

  • A.S. Watson announces slew of new tech vendors to support its digital transformation

    A.S. Watson announces slew of new tech vendors to support its digital transformation

    Health and beauty retailer AS Watson (ASW) has launched a Technology Partnership Programme as part of a move to speed up its digital transformation globally.

    The program brings together a wide range of international technology providers and recognises them as strategic partners rather than suppliers, explained Malina Ngai, group COO of ASW.

    “We believe every technology partner whom we have chosen to work with is more than just a vendor. Traditional client-vendor relationship is short-term. There is lack of transparency and continuity in the way we work with each other. Besides, project base contract makes it difficult for their resource planning.

    “The partnership program is designed to transform the short term contractual relationship to a longer term strategic relationship to create a win-win for both parties. Our tech partners will have access to senior management, visibility on our growth strategy and technology roadmap, as well as a longer term financial commitment from us. We can benefit from their commitment in providing consistent resources, expert advice and services, as well as first hand access to innovation they develop,” said Ngai.

    ASW, which has more than 15,000 stores globally, embarked on its digital transformation journey in 2011 when it introduces its Customer Strategy initiative. The company invested US$70 million initially, dedicated to CRM, eCommerce and mobile experience.

    It subsequently established eLab in 2015, an in-house digital agency focusing on supporting all operating businesses to develop e-commerce and digital marketing.  This year, ASW kicked off a further $70 million investment in big data to build new capabilities in analytics and machine learning.

    “The goal of our digital transformation is to enable AS Watson Group to build on our solid retail foundation to fuel further growth through a smarter and more efficient organisation,” said Ngai.

    “Our purpose of putting customer first and putting a smile on their faces continues. We recognise that our customers are changing rapidly and technology has become an ever more critical ingredient to deliver our purpose.”

    The first batch of tech partners comprises expertise in the areas of e-commerce, store systems, data science, AI, data visualisation, technology ecosystem and services.

    The partners include Microsoft, Epam, Ovolab, Rubikloud, Mtel, Infosys, NCR, Zebra Technologies, SAP and Oracle.

  • 2017 has been Donatella Versace’s year

    2017 has been Donatella Versace’s year

    In 1997, Gianni Versace was murdered on the steps of his Miami Beach home. His grief-stricken sister, Donatella, suddenly found herself in charge of the family company.

    Twenty years later, she has chosen to take this anniversary and make it extraordinary, hijacking the style agenda to the extent that fashion journalists have been calling 2017 the year of Versace.

    She has designed a tribute collection inspired by Gianni’s archives, announced a scholarship in her brother’s name at Central Saint Martins and, in September 2017, in a fashion coup for the ages, reunited Gianni’s supermodel crew – Helena Christensen, Cindy Crawford, Naomi Campbell, Carla Bruni and Claudia Schiffer – for a catwalk finale that melted the internet.

    Here, it starts a series of achievements, she received a major accolade at the Fashion awards. She announces the opening of a new Versace store on Sloane Street in London.

    A lot of her year has been spent poring over old images and old creations, opening up the archive – a 10,000 sq ft storage facility in Novara, near Milan – and examining Gianni’s most famous creations for the first time since his death. “Not in a sad way,” she says, “but a very positive way. I saw what a genius my brother was. To me, he was my brother, but to the rest of the world – such a genius.”

    Even the names of the archive collections, produced between 1991 and 1995, speak of another, more glamorous age: Vogue, Warhol, My Friend Elton, Icons, Baroque.

    The pictures she shows me are from that time, too, and present the supermodel era exactly as you would want. Here is Bruni, a future first lady of France, dancing with abandon in thigh-high patent boots. Here is a babyfaced, never-off-duty Crawford, smouldering for the camera as she queues backstage. Here is Christy Turlington, running down a beach, wearing only shimmering sequins.

    Compared with the unsmiling models who have walked the catwalk since, and the airbrushed campaign images and omnipresent filtered Instagram photographs we have grown used to, these pictures feel authentic (however liberally doused in hairspray the models are).

    They bring back great memories, Donatella says. “This was the period that fashion became famous,” she says. “It was the beginning of fashion becoming pop culture, of being associated with music and rock’n’roll. Those two worlds were really in contact with one another. When something starts to happen, that is the most exciting moment. It was a huge change. The 90s was a huge change in fashion”.

    Donatella added : “My brother, of course, was the designer; I was working very closely with him all my life. But I started the relationship with the models that Gianni made ‘super’.” What “super” meant, she says, was showing personality. “Before that, I don’t think many designers let models have personality, nor after. The models should wear the clothes, be very serious, not smile, look in front of you, almost no soul. This was totally opposite: it was about the girls, what the girls were thinking, who they were dating. It wasn’t just about the clothes, but about who was wearing the clothes.”

    Fashion modelling is only just getting exciting again, she says, thanks to technology. “There are two generations of fashion for me: the one before the internet and the one after the internet.” Between the supermodels and now, she says, “was a moment of flatness. Now you could do this picture backstage again – there are people with enough personality there.” She likes the Instamodels, such as Gigi Hadid, who have become powerful thanks to their millions of followers on social media. “I think they are amazing. Very smart girls. Again, finally, we have girls who dare to stand out in the crowd.”

    The 62-year-old’s Fashion awards gong is icon of the year and the hype around her company is enormous, so it is easy to forget the starting point: the horror of her brother’s murder and her first few years running the company, during which she was so shellshocked that she broke down in tears on the catwalk. Does she feel like an icon? “Yes,” she says abruptly, then laughs. “OK, should I be shy? No. This is not because I’m full of myself, but I think, in fashion history, I did a lot. I mean an icon in fashion, not an icon in general, in the world.”

    To conclude with Donatella explained about contemporary trends by focusing on millennials. “Millennials are all many designers talk about backstage, particularly in Milan,” she says.

    In Italian fashion, the charge has long been that so many houses have been run for decades by the same designers or dynasties (Armani, Prada, Versace, Missoni; even relative newcomers Domenico Dolce and Stefano Gabbana are 59 and 55) that the scene has become stale.

    There have been rumours swirling around Versace for the past year or two that Riccardo Tisci, formerly of Givenchy – or Virgil Abloh of Off-White or Kim Jones of Louis Vuitton – might be in line for Donatella’s seat. That may be the case one day, but this year the conversation has shifted dramatically.

    In many ways, Donatella’s approach to millennials and social media feels remarkably modern – and not only because she has 2 million followers on Instagram (in typically understated style, when she joined the app in 2015, a press release was issued; ever savvy, in her first post, she posed with Gigi Hadid).

    This year, she says, has been “a rollercoaster of emotion. Not just that day [of the supermodel reunion show], but preparing for the show, going to the archive and seeing things that I last saw 20 years ago, before Gianni’s death. I never had the courage to go back there, because it was so painful, but I found the strength.”

    She did it, she says, “for the young generation who didn’t know, who weren’t born when Gianni was alive. I want them to know why Gianni was so important and what Gianni was about.” And to tell her side of the story? “To show them how relevant Gianni is today. No story, no filter.”

  • Jetstar’s airfares to Bali take off after AirAsia cancels its service

    Jetstar’s airfares to Bali take off after AirAsia cancels its service

    Jetstar prices for flights to and from Bali have jumped by as much as 570 per cent in the wake of AirAsia’s announcement it would be cancelling its services on the route. Earlier this week, Jetstar was advertising flights to Bali in February for $99 and return flights for just $44.

    However, after AirAsia confirmed on Wednesday that it would be scrapping its flights between Darwin and Bali, prices jumped. Fares to Bali for $99 are still available in January, however return fares have leapt to between $182 and $242. In February fares to Bali increase to $179 and return flights are between $122 and $295.

    A Jetstar spokeswoman said the airline remained committed to delivering cheap flights between Darwin and Bali.

    “Bali remains an important market for us from Darwin and our flights from Darwin to Bali will continue to operate as normal well into the future,” she said.

    “There are many factors that determine the pricing of air tickets, and we take into strong account our mission of every day low fares, making air travel affordable and the world more accessible to our customers.”

    Territorians guessed the prices would jump as soon as they heard the announcement of AirAsia’s cancellations.

    “They won’t get the $69 return fare to Bali anymore,” Scott Gorrell posted on Facebook on Thursday.

    “Now Jetstar will hike its prices up between Darwin and Bali as there is no competition,” Bev Phelts commented.

    “Watch the prices rise now,” Nigel Rankine posted.

    It took more than two full days for Jetstar to up its prices.

    Jetstar earlier this week confirmed it would be looking at increasing the number of services it offers on the Darwin-Bali route.

    In the 2016-17 financial year, Jetstar flew 35,000 passengers between the Indonesian island and the Top End.

    AirAsia confirmed on Wednesday it would cancel its routes between Darwin and Bali from January 28.

    “AirAsia Indonesia will suspend its service connecting Bali with Darwin as part of a network restructuring aimed at improving operational efficiency,” a spokesman said.

    Previously Garuda Indonesia operated flights between Darwin and Bali, however the airline pulled out of the Top End in 2009, after 30 years.

    AirNorth has also previously operated the route.

  • Sometimes all you need is a fresh breeze

    Sometimes all you need is a fresh breeze

    Antwerp Underwater Solutions was founded in 2005. Shortly afterwards AUS became a part of a holding including several ship repair companies. The current structure and order books urged the need for a new manager to maintain and improve the level of service.

    We strongly believe we found the right  man for the job in Hans Cuylits, his career speaks for itself….

    He started his career as diver in a diving company where the main focus was on shipping. After 2 years he made a leap to the offshore industry. Here his drive and accuracy did not go unnoticed and pretty soon he was project superintendent for one of the major players in the offshore industry.

    In 2012 Hans and his wife had the courage to follow their dream and start a three year  journey around the world with their two kids.

    They returned in June 2016 and shortly afterwards  we welcomed Hans  with open arms in our team. We consider him to be a great asset not only for Antwerp Underwater Solutions but also for our customers.

    There might have been some changes in our management structure – our core business and commitment  hasn’t change. Antwerp Underwater Solutions is your ideal  underwater contractor for all  inspections, repairs and maintenance.

    Approved by all major classification bureaus DNV Gl, Lloyds Register, Bureau Veritas, ABS, Rina,… to perform all underwater inspections; pre-sale inspections, inspection after grounding, pre-docking inspection, in lieu of dry-dock inspection…

    For the underwater repairs we can draw on a number of  certificated and very experienced underwater  welders.  Antwerp Underwater Solutions has different types and sizes of cofferdams. In addition we have all the skills and equipment  to provide a customized cofferdam within the available time frame.

    You might be surprised to learn the maintenance that can be performed underwater; installation of anodes, cleaning of sea chest, blanking of overboard valves in order to allow valves to be changed from the inside, re-tightening bolts to reduce bearings wear down,  cleaning of sea chests,   replacement of echo sounder or speed log, replacement of rope guards, clearing propellers or rope guards, rudder maintenance   A great return on investment can be achieved by our propeller maintenance program,  which enable us to keep ships propellers smooth at all time, all blades are  polished in a multi stage to grade ‘A’ on the Rupert scale. This has an immediate effect on the fuel consumption.

    Antwerp Underwater Solutions is at your service 24/7, we have a fast response time and operate in all major European ports; Antwerp, Rotterdam, Flushing, Zeebrugge , Ghent, Le havre, Dunkirke,…

    Please allow yourself the experience to work with Antwerp Underwater Solutions as your underwater contractor and contact us

  • Robinsons Retail acquires 20% stake in beauty website

    Robinsons Retail acquires 20% stake in beauty website

    Multi-format retailer Robinsons Retail Holdings has acquired a 20 per cent stake in Taste Central Curators, which runs Filipino e-commerce site BeautyMNL.

    Robinsons Retail has taken 1 million shares of the online store, which sells a range of beauty products including makeup, skincare and haircare.

    Financial details of the deal have not been disclosed as the transaction amount was less than 10 per cent of Robinsons stockholders’ equity.

    Robinsons Retail has six business segments: supermarkets, department stores, do-it-yourself stores, convenience stores, drugstores and specialty stores. Its brand names include Costa Coffee, Daiso Japan, Handyman Do it Best, Ministop, South Star Drug, The Generics Pharmacy, Topman, Topshop, Toys R Us and True Value.

  • TommyXGigi Barbie Doll launches

    TommyXGigi Barbie Doll launches

    Barbie has launched a doll depicting supermodel Gigi Hadid, the global brand ambassador for Tommy Hilfiger womenswear.

    Designed in collaboration with the Tommy Hilfiger lifestyle brand owned by PVH Corp, the special-edition TommyXGigi Barbie is available on Barbie.com and Tommy.com as well as at select retailers. Celebrating the runway event where Tommy Hilfiger introduced Hadid as global brand ambassador, the doll is styled in a navy hoodie, white shorts with red trim and brand logo, and white slip-on sneakers. It matches Hadid’s closing look for an experiential runway event at which the first TommyXGigi capsule collection was introduced.

    Tommy Hilfiger - Barbie Gigi 1

    With a suggested retail price of US$50, the doll comes with a stand and certificate of authenticity.

    “Seeing the doll for the first time was surreal,” says Hadid.

    Tommy Hilfiger - Gigi

    The doll joins more than 80 designers and fashion influencers who have been honoured by the brand, owned by US toy company Mattel.

  • Monthly salaries in Vietnam rise fastest in Southeast Asia

    Monthly salaries in Vietnam rise fastest in Southeast Asia

    Salaries in Vietnam are rising faster than in any other Southeast Asian country, according to a recent survey released by employment website Jobstreet.com.

    The average annual growth rate of Vietnam’s payroll stands at 20-24 percent, compared to 14-20 percent in Thailand, the Philippines, Indonesia, Myanmar and Singapore.

    In Vietnam, management and executive salaries grew fastest, at 26 and 35 percent respectively.

    The survey found that 68 percent of companies operating in Vietnam want to expand their businesses in the future, so they have high recruitment demands. Jobstreetforecast that salary growth will continue with this demand.

    Vietnam’s minimum wage, however, doesn’t enjoy such a large jump. On Monday, the prime minister signed off on a decree raising the minimum wage for 2018 by 6.5 percent, the lowest nominal bump in 11 years.

    The rise brings the minimum wage for Region I to VND3.98 million ($175) a month. Region II to VND3.53 million, Region III to VND3.09 million and Region IV to VND2.76 million.

    In Vietnam, there are four different minimum wage regions, which are supposed to reflect the cost of living in each area. Region I, including Hanoi and Ho Chi Minh City, has the highest minimum wage, while region IV, which is for rural areas, has the lowest.

  • Furla Beijing flagship opens

    Furla Beijing flagship opens

    Luxury brand Furla China has opened its first store in Beijing, at lifestyle retail destination WF Central.

    BEIJING WF CENTRAL_Inside 3

    As well as women’s leather goods and sunglasses, the Italian brand’s 208sqm flagship store features a special range inspired by the city’s symbol, the Panda Collection.

    BEIJING WF CENTRAL_Inside 2

    BEIJING WF CENTRAL _Inside 1

    Furla CEO Alberto Camerlengo says the opening of the flagship highlights the brand’s determination with its expansion strategy in China.

    BEIJING WF CENTRAL_Outside 2

     

  • Burger King AsiaPac to invade Taiwan market

    Burger King AsiaPac to invade Taiwan market

    Burger King AsiaPac has signed a master franchise agreement with Nexus Point Management to further develop the fast-food brand in Taiwan.

    Terms of the transaction have not been disclosed.

    Burger King president Jose Cil says Taiwan is one of the largest quick-service restaurant markets in Asia Pacific.

    Nexus Point managing partner Kuo Chuan Kung says it will accelerate the expansion of Burger King restaurants in the market and make further investments in technology and infrastructure.

    The burger chain also has outlets in China, India, South Korea and Vietnam. Founded in 1954, i has more than 16,000 locations in more than 100 countries. It is owned by Restaurant Brands International.

    Nexus Point is an Asian private equity fund with a focus on greater China.

  • Net giants ‘must pay for news’ from which they make billions

    Net giants ‘must pay for news’ from which they make billions

    Nine European press agencies, including AFP, called Wednesday on internet giants to be forced to pay copyright for using news content on which they make vast profits.

    The call comes as the EU is debating a directive to make Facebook, Google, Twitter and other major players pay for the millions of news articles they use or link to.

    “Facebook has become the biggest media in the world,” the agencies said in a plea published in the French daily Le Monde.

    “Yet neither Facebook nor Google have a newsroom… They do not have journalists in Syria risking their lives, nor a bureau in Zimbabwe investigating Mugabe’s departure, nor editors to check and verify information sent in by reporters on the ground.”

    “Access to free information is supposedly one of the great victories of the internet. But it is a myth,” the agencies argued.

    “At the end of the chain, informing the public costs a lot of money.”

    News, the declaration added, is the second reason after catching up on family and friends for people to log onto Facebook, which tripled its profits to $10 billion (8.5 billion) last year.

    Yet it is the giants of the net who are reaping vast profits “from other people’s work” by soaking up between 60 and 70 percent of advertising revenue, with Google’s jumping by a fifth in a year.

    Meanwhile, ad revenue for news media fell nine percent in France alone last year, “a disaster for the industry”.

    ‘Pillar of democracy at risk’ 

    “Years have passed (without anything being done) and free and reliable newsgathering is now threatened because the media will simply no longer be able to pay for it,” the news agencies added.

    “Diverse and reliable news sources, a pillar of democracy, risk being undermined.”

    Attempts by news outlets in France, Germany and Spain to force internet giants to pay have only resulted in them coughing up a “few symbolic crumbs”, they added.

    The press agencies insisted that some of the vast imbalance could be rectified if the EU gives them and other media “related rights” copyright to their work.

    However, some European Parliament members were worried that the proposed directive would threaten free access to news for internet users.

    But that would not be the case, the agencies insisted.

    “Internet users would not be touched… simply those who now pocket a disproportionate part of advertising revenue would have to share a significant part of it with those who actually produce the information” on which the money is made.

    The appeal was signed by AFP; the German agency DPA; Britain’s Press Association; the Spanish agency EFE; Italy’s Ansa; the Swedish agency TT; Belga of Belgium, Austria’s APA, and the Dutch agency ANP.

  • Google opens AI center in China as competition heats up

    Google opens AI center in China as competition heats up

    Google announced Wednesday that it will open a new artificial intelligence research centre in Beijing, tapping China’s talent pool in the promising technology despite the US search giant’s exclusion from the country’s internet.

    Artificial intelligence, especially machine learning, has been an area of intense focus for American tech stalwarts Google, Microsoft and Facebook, and their Chinese competitors Alibaba, Tencent and Baidu as they bid to master what many consider is the future of computing.

    AI research has the potential to boost developments in self-driving cars and automated factories, translation products and facial recognition software, among others.

    Google’s move to open a Beijing office focused on fundamental research is an indication of China’s AI talent, widely seen as being neck-and-neck with the United States in research capability.

    “Chinese authors contributed 43 percent of all content in the top 100 AI journals in 2015,” Li Feifei, a researcher leading the new center, wrote in a blog post on Google’s website.

    “We’ve already hired some top experts, and will be working to build the team in the months ahead.”

    Li noted that Chinese engineers formed the backbones of the winning teams in the past three ImageNet Challenges, an international AI competition to test which computing technology is better at recognizing and categorizing pictures.

    Chinese search engine Baidu’s team was banned for a year for breaking the rules during the 2015 competition.

    The country’s large population and strong mathematics and sciences education has nurtured a slew of engineering talent.

    Google operates two offices in China, with roughly half of its 600 employees working on global products, said company spokesman Taj Meadows.

    Its job board in China shows about a dozen openings in the AI field. The China center will join Google’s other research facilities outside of its Silicon Valley hub, including in New York, Toronto, London and Zurich.

    Google’s search engine and many of its services are blocked by China’s Great Firewall, but internet regulators have recently allowed access to its translation product, one that has made leaps and bounds in accuracy by incorporating the company’s AI research.

  • Inditex Rises as Global Expansion Continues

    Inditex Rises as Global Expansion Continues

    Clothing company Inditex international, which owns Bershka and Zara, reports a strong performance for its latest nine months.

    Continuing to roll out its global fully integrated store and online platform, the Spanish group opened outlets in 52 markets during the period. Its store count reached 7504 in 94 markets at the end of October.

    It says like-for-like sales growth remains strong, while global online sales launches are on track. It launched online sales for Zara in India in October.

    Net sales for the nine months reached €17.96 billion (US$21.2 billion), up 10 per cent.

    Gross profit reached €10.3 billion, 9 per cent higher, while gross margin reached 57.4 per cent and EBIT was up 6 per cent to €2.99 billion. Net income was also up 6 per cent to reach €2.3 billion.

    During the nine months, Inditex opened 212 stores including 60 for Zara, 30 for Stradivarius and 13 for Pull & Bear.