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PULILAN, PHILIPPINES - JUNE 26: A live host promotes products for a skincare brand on a TikTok Shop livestream at one of the studios of Ownline Marketing on June 26, 2024 in Pulilan, Bulacan province, Philippines. Ownline Marketing, an agency that specializes in marketing brands on TikTok Shop and other e-commerce platforms, began only early this year with just one client but has quickly expanded to serving more than a dozen local and foreign brands, operating full production studios and delivering slick livestreams reminiscent of television home shopping channels. TikTok Shop, the e-commerce platform within the popular short video app, has spurred a booming live selling industry in the Philippines, where businesses are benefiting from TikTok's prized algorithm to sell more and faster, disrupting the market for other established e-commerce platforms in the region. However, a proposed bill in the Philippine Congress, House Bill 10489, introduced amid geopolitical tensions with China and following similar moves by other countries, aims to ban "foreign adversary-controlled" apps, likely targeting TikTok and could threaten the livelihoods of many Filipinos who have built their businesses on the platform​​​​. (Photo by Ezra Acayan/Getty Images)
RetailTikTok Shop set to launch in Spain and Ireland this summer—a move to boost ByteDance’s e-commerce efforts in Europe
By Zheping Huang, Olivia Poh and BloombergJuly 23, 2024
Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, left, and Alexandre Arnault, vice president of Tiffany & Co., at the Viva Technology conference at Porte de Versailles exhibition center in Paris, France, on Friday, June 18, 2021. Viva Tech is dedicated to innovation and startups and runs June 16 - 19. Photographer: Nathan Laine/Bloomberg via Getty Images
RetailUnachievable sales targets, lower commissions and more competition: How LVMH’s $16 billion bet on Tiffany & Co has fallen short
By Jeannette Neumann and BloombergJuly 23, 2024
Backed by luxury giant LVMH, L Catterton buys a stake in 9 European shopping villages for £1.5 billion
RetailBacked by luxury giant LVMH, L Catterton buys a stake in 9 European shopping villages for £1.5 billion
By Jack Sidders and BloombergJuly 23, 2024
An image of a man and a woman both holding cash.
Personal FinanceFour leading economists now believe the gender pay gap in the U.K., U.S. Canada and Italy will never disappear
By Marilen Martin and BloombergJuly 22, 2024
Vincent Bollore at the National Assembly in Paris
TechBoost for London and Amsterdam as French billionaire Vincent Bolloré prepares to split up his media giant Vivendi with listings across Europe
By Benoit Berthelot and BloombergJuly 22, 2024
Deutsche Bank offices in the City of London on 2nd July 2024 in London, United Kingdom. Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)
FinanceGermany’s Deutsche Bank looks across the pond as it aims to become Wall Street’s most powerful European rival
By Ben Stupples, Arno Schütze and BloombergJuly 22, 2024
Couple drinking and enjoying the view of the Acropolis at sunset. Athens, Greece
FinanceRestaurants sit half-empty in Turkey this summer as inflation reaches 91% in places sending tourists and locals flocking to neighboring Greece
By Taylan Bilgic and BloombergJuly 22, 2024
SANTORINI, GREECE - 2022/10/11: Tourists taking pictures and selfies during sunset in the town of Oia with its limewashed houses and windmills. Santorini is one of the Cyclades islands in the Aegean Sea known for the traditional architecture of the whitewashed buildings, making it one of the most famous travel destinations during summer in the Mediterranean. (Photo by Marcos del Mazo/LightRocket via Getty Images)
LifestyleTourism has hijacked Santorini’s wine production as agricultural land becomes exorbitant while visitor numbers continue to climb
By Eleni Chrepa and BloombergJuly 22, 2024
Arcachon, an hour from Bordeaux, has been called the Hamptons of France—wealthy, preppy, beachy.
Lifestyle4 less touristy spots to visit in France—from cowboy cabins to the ‘Hamptons of France’
By Gina Hameday and BloombergJuly 20, 2024
Elon Musk, billionaire and chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Musk predicted his Neuralink Corp. would carry out its first brain implant later this year. Photographer: Nathan Laine/Bloomberg via Getty Images
EnvironmentTesla to power France’s biggest battery storage facility—boosting the nation’s capacity to store green electricity
By Eamon Akil Farhat, Francois de Beaupuy and BloombergJuly 19, 2024
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a Senate Judiciary Committee hearing in Washington, DC, US, on Wednesday, Jan. 31, 2024. Congress has increasingly scrutinized social media platforms as growing evidence suggests that excessive use and the proliferation of harmful content may be damaging young people's mental health. Photographer: Kent Nishimura/Bloomberg via Getty Images
FinanceMeta eyes a multibillion-euro stake in Ray-Ban maker EssilorLuxottica
By Dinesh Nair, Daniele Lepido and BloombergJuly 19, 2024
Pekka Lundmark, CEO of Nokia.
FinanceFormer telephone giant Nokia sees double-digit fall in sales amid challenging 5G environment
By Michael Hennessey, Jillian Deutsch and BloombergJuly 18, 2024
A receptionist giving a participant id to an attendee at a business conference sign in desk.
SuccessEurope is winning the return-to-office fight against the U.S.
By Jack Sidders and BloombergJuly 18, 2024
A Christian Dior SE luxury clothing boutique, operated by LVMH Moet Hennessy Louis Vuitton SE, in Paris, France, on Thursday, Jan. 25, 2024. LVMH sales rose at the end of last year as wealthy shoppers treated themselves to the group's pricey handbags and Champagne, a sign of resilience at the world's largest luxury conglomerate. Photographer: Benjamin Girette/Bloomberg via Getty Images
RetailDior and Armani face antitrust probe in Italy over alleged labor exploitation
By Alberto Brambilla and BloombergJuly 17, 2024
Customers are shopping at the first store of the US street brand Supreme in Shanghai, China, on April 1, 2024. (Photo by Costfoto/NurPhoto via Getty Images)
RetailItalian-French eyewear titan EssilorLuxottica snaps up Supreme for $1.5 billion
By Deirdre Hipwell and BloombergJuly 17, 2024
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