If you want a summary of the current state of Elon Musk’s X project, today, we’ve got two contrasting stories that highlight the varying perspectives on the app, and Musk’s mission to protect free speech as he sees it. On the day same day as X has launched legal action against the World Federation of [...]read moreX Faces Potential Sanctions in the UK Over Musk’s Protest Comments
Translated by Roberta HERRERA Published Aug 2, 2024 Italy, a hub for many of the world’s luxury manufacturers, is already significantly affected by the economic downturn. The slowdown that began at the end of 2023 in the textile and apparel sector has continued and intensified. By mid-2024, 75% of companies saw their revenue decrease, with [...]read moreItalian textile and apparel sector faces increased slowdown in first half of 2024
Translated by Roberta HERRERA Published Aug 2, 2024 The revival of Moschino and a market slowdown impacted Aeffe‘s mid-year financial performance. The fashion conglomerate, which owns Moschino, among other brands, recorded a significant increase in its net loss—from 11.7 million euros in the first half of 2023 to 20.4 million euros—and a 14.9% decline in [...]read moreAeffe faces declining sales and increased losses in first half of 2024
By Reuters Published Jul 20, 2024 Burberry‘s new boss Joshua Schulman faces an immediate strategy dilemma. On Monday, the former head of Coach was appointed to replace Jonathan Akeroyd, becoming the fourth CEO of the 2.6 billion pounds ($3.36 billion) British fashion house in 10 years. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – Londres – ©Launchmetrics/spotlight [...]read moreNew Burberry chief faces tough choices on high-end ambitions
By AFP Published Jul 11, 2024 Villagers in Vaideeni at the foot of Romania’s Carpathian mountains are fuming at French luxury brand Louis Vuitton for “stealing” the design of their traditional blouse. Maria Gioanca, 69, one of two dozen women who still hand sew the black-and-white garment in the village, told AFP she “won’t let [...]read moreRomania faces down Vuitton for ‘stealing’ its beloved blouse
Keller Williams was named to an additional class-action lawsuit that takes issue with alterations made to the brokerage’s profit-sharing program. On Thursday, James McFarlane filed a complaint aiming for class-action status in the U.S. District Court of Maine. McFarlane was associated with Keller Williams from 2004 to 2018. In the past several weeks, 13 agents formerly [...]read moreKeller Williams faces another lawsuit by a former agent
EU officials are again looking to test out their new powers under the Digital Services Act (DSA), with a view to bringing social media companies into line over data usage and advertising. After already launching investigations into X, related to the spread of misinformation on the platform, and TikTok, over the protection of minors in [...]read moreMeta Faces EU Probe Over Russian Disinformation on Facebook
E.U. officials are again looking to test out their new powers under the Digital Services Act (D.S.A.), with a view to bringing social media companies into line over data usage and advertising. After already launching investigations into X, related to the spread of misinformation on the platform, and TikTok, over the protection of minors in [...]read moreMeta Faces EU Probe Over Russian Disinformation on Facebook
Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering this week’s noteworthy happenings in tech. TikTok’s fate in the U.S. looks uncertain after President Joe Biden signed a bill that included a deadline for ByteDance, TikTok’s parent company, to divest itself of TikTok within nine months or face a ban on distributing it [...]read moreTikTok faces a ban in the US, Tesla profits drop and healthcare data leaks
Meta looks set to face more legal challenges in Europe, with the European Data Protection Board (E.D.P.B.) publishing new guidance which could force Meta to make its apps to all EU users for free, whether they consent to Meta using their data for ad targeting or not. In November last year, Meta implemented a new, [...]read moreMeta Faces Challenges in Europe Over Ad-Free Subscription Offering