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China's Alibaba to invest $15.5 billion towards "common prosperity"

China's Alibaba to invest $15.5 billion towards "common prosperity"

Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of "common prosperity", it said, becoming the latest corporate giant to pledge support for the initiative driven by President Xi Jinping.
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Lagardere shares steady after billionaire Arnault restructures holding

Lagardere shares steady after billionaire Arnault restructures holding

Shares in publishing company Lagardere opened flat on Thursday after big drops in previous days as luxury goods billionaire Bernard Arnault confirmed he was effectively cutting ties with the company's chief executive.
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JD.com workers get unions in watershed moment for China's tech sector

JD.com workers get unions in watershed moment for China's tech sector

E-commerce powerhouse JD.com has established a union for its staff, a landmark move in the country's tech sector where organised labour is extremely rare.
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Walmart to hire 20,000 supply chain workers ahead of holiday season

Walmart to hire 20,000 supply chain workers ahead of holiday season

Walmart Inc said on Wednesday it planned to hire 20,000 workers at its supply chain division and raise wages ahead of the busy holiday season anticipating higher demand.
Fashion
Shopee dips toe in India e-commerce market with seller recruitment campaign

Shopee dips toe in India e-commerce market with seller recruitment campaign

Singapore-headquartered Sea Ltd's Shopee has launched a recruitment campaign for vendors to sell on what it called "Shopee India" and is ramping up hiring in the country, according to Youtube videos and job postings.
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Affirm soars on buy now, pay later pact with Amazon

Affirm soars on buy now, pay later pact with Amazon

Affirm Holdings Inc shares surged 43% on Friday after the company partnered with Amazon.com Inc to make its buy now, pay later (BNPL) service available to certain customers of the e-commerce giant.
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Instagram to require users to share their birthday amid youth safety push

Instagram to require users to share their birthday amid youth safety push

Instagram will begin requiring users to confirm their birthdays as part of an effort to create new safety features for young people, the Facebook Inc-owned social media app said Monday.
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Hollister expands Confidence Project to EMEA

Hollister expands Confidence Project to EMEA

​Abercrombie & Fitch’s Gen Z-focused Hollister brand has expanded its well-being initiative, The Confidence Project, to EMEA following its US launch last year.
Fashion
Pinterest shares slump as growth warning rattles investors

Pinterest shares slump as growth warning rattles investors

Shares of Pinterest fell about 20% before the opening bell on Friday and were set to start trading at more than a three-month low after the company warned of slowing user growth in the United States, its largest market.
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Facebook warns of significant slowdown in sales growth

Facebook warns of significant slowdown in sales growth

Facebook Inc said on Wednesday it expects revenue growth in the third and fourth quarters to "decelerate significantly," sending the social media giant's shares down about 5% in extended trading.
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UK financial watchdog sets gender diversity targets for listed companies

UK financial watchdog sets gender diversity targets for listed companies

Companies listed on the stock market should aim for women to make up at least 40% of their boards or explain why this has not been achieved, Britain's Financial Conduct Authority said on Wednesday.
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Podcast: Nathalie Colin discusses combining creativity and commercial relevance

Podcast: Nathalie Colin discusses combining creativity and commercial relevance

For the former creative director of Swarovski, who founded a creative agency with her daughter last year, creativity is not incompatible with business. She speaks to Olivier Guyot about her approach and her optimism. 
Luxury
Google, Facebook set to squash initial iOS fears, show big revenue jump

Google, Facebook set to squash initial iOS fears, show big revenue jump

Wall Street expects Alphabet Inc and Facebook Inc to report a surge in digital ad sales this week amid expectations that the impact of Apple Inc's privacy changes has not yet been felt.
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Global supply chains buckle as virus variant and disasters strike

Global supply chains buckle as virus variant and disasters strike

Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists.
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Twitter beats revenue targets with ad improvements, shares jump 7%

Twitter beats revenue targets with ad improvements, shares jump 7%

Twitter on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements.
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Snap beats user, revenue estimates with highest growth in 4 years

Snap beats user, revenue estimates with highest growth in 4 years

Snap Inc on Thursday beat analysts' estimates for both user and quarterly revenue growth and notched the highest growth rates since late 2017, as new features on its messaging app Snapchat attracted more users.
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