Day: February 22, 2024

Zūm Rails takes in first capital to launch new banking-as-a-service, FedNow offerings

The adoption of open banking and instant payments is moving slowly in the United States compared to other markets around the world, for example, Brazil. That said, the new program FedNow went live in July 2023, and data-sharing regulations are forthcoming, so more potential is on the horizon. Until then, the co-founders of Zūm Rails [...]read moreZūm Rails takes in first capital to launch new banking-as-a-service, FedNow offerings

YNAP rolls out virtual try-on for Mr Porter’s own brand

Advanced fit technology has arrived at Mr Porter. Yoox Net-A-Porter’s (YNAP) luxury menswear in-season fashion platform has launched its inaugural virtual try-on pilot, rolling out for 90 styles across its Mr P Permanent collection, accounting for 70% of the range. Mr P spring 24 collection And importantly, the addition will aim “to reduce the need [...]read moreYNAP rolls out virtual try-on for Mr Porter’s own brand

Secret Sales revenue surges in 2023, says more to come this year

Secret Sales, the major marketplace for off-price fashion, sportswear and beauty, has hailed a year of “phenomenal” growth and has predicted more of the same for the current 12 months. On Thursday it said that it “achieved an impressive 85% sales growth in 2023, matching its bold target”. This meant it “significantly outpaced the industry and [...]read moreSecret Sales revenue surges in 2023, says more to come this year

What Women Think About Circumcised Penises

11 Women Reveal If They Really Care About You Being Cut Traditionally speaking, having your son circumcised is the more popular choice in North America. The argument being that the procedure makes for a more penis that is more hygienic and less susceptible to infection and sexually transmitted diseases. However, on the opposite end of [...]read moreWhat Women Think About Circumcised Penises

Consolidation continues in micromobility as Cooltra snaps up Cityscoot

Paris’ commercial court has accepted Cooltra’s offer to acquire Cityscoot. These two companies provide shared electric mopeds that you can unlock and ride to go from one place to another. Cityscoot had been placed under court-ordered receivership several months ago. As interest rates hovered around 0% in Europe, micromobility startups thrived. Europe became the perfect [...]read moreConsolidation continues in micromobility as Cooltra snaps up Cityscoot

Google pauses Gemini’s ability to generate AI images of people after diversity errors

Google says it’s pausing the ability for its Gemini AI to generate images of people, after the tool was found to be generating inaccurate historical images. Gemini has been creating diverse images of the US Founding Fathers and Nazi-era German soldiers, in what looked like an attempt to subvert the gender and racial stereotypes found [...]read moreGoogle pauses Gemini’s ability to generate AI images of people after diversity errors

Morgan Stanley’s ‘visceral reaction’ to Mike Ashley on trial over $1bn margin call

By Bloomberg Published Feb 22, 2024 An email detailing a senior Morgan Stanley banker’s “visceral reaction” to doing business with Frasers Group billionaire Mike Ashley is among a trove of internal documents set to be pored over during a London trial into the bank’s “unfair” $995 million margin call. Mike Ashley – Bloomberg The retail tycoon’s Frasers [...]read moreMorgan Stanley’s ‘visceral reaction’ to Mike Ashley on trial over $1bn margin call

Returns specialist Zigzag announces “extensive rebrand”

Tech-driven retail returns giant ZigZag has undergone an extensive rebrand as a celebration of  its “growth… maturity and international expertise”. ZigZag The refresh includes new branding, logo, website and identity “to reflect its position as the pioneer of digital returns since 2015 and as a trusted partner to some of the biggest and most innovative [...]read moreReturns specialist Zigzag announces “extensive rebrand”

Avatar: The Last Airbender Review – Restoring Balance

It’s nearly impossible to view Netflix’s new live-action Avatar: The Last Airbender adaptation outside of the shadow of its predecessors–both the wildly successful animated series that birthed a beloved franchise, and the terrible big-screen adaptation from M. Night Shyamalan. Could another live-action adaptation avoid the movie’s pitfalls, even reliant as it is on child actors? [...]read moreAvatar: The Last Airbender Review – Restoring Balance

Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed

In the face of South Africa’s worsening energy crisis, marked by increasingly severe power shortages, implementing daily electricity rationing has become imperative to avert the risk of a nationwide grid collapse. According to the state-owned power generator Eskom, the country witnesses a significant power deficit, surpassing 6,000 megawatts on occasion. This situation is similar in [...]read moreHohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed