How the Shein marketplace saved approximately 20,000 Tons of Water.
In 2024, online retailer Shein produced 90% of its denim products using Cool Transfer Denim digital printing technology, which allowed the company to reduce water and energy consumption during production, reports Fashion Dive.
The Cool Transfer Denim technology utilizes a digital printer to instantly replicate specific textures on denim fabric, reducing water usage by 70.5%. Shein uses this method to manufacture denim products with retro effects. The company, in collaboration with NTX, first introduced Cool Transfer Denim technology in 2022. Over the past few years, Shein has saved approximately 19,500 tons of water through this approach.
The online retailer also highlighted that this method minimizes the risk of workers being exposed to harmful substances typically used in traditional denim production. Shein positions its denim printing technology as part of its strategy to "accelerate changes in manufacturing processes, improve resource efficiency, and promote innovation in fashion."
In 2024, online retailer Shein produced 90% of its denim products using Cool Transfer Denim digital printing technology, which allowed the company to reduce water and energy consumption during production, reports Fashion Dive.
The Cool Transfer Denim technology utilizes a digital printer to instantly replicate specific textures on denim fabric, reducing water usage by 70.5%. Shein uses this method to manufacture denim products with retro effects. The company, in collaboration with NTX, first introduced Cool Transfer Denim technology in 2022. Over the past few years, Shein has saved approximately 19,500 tons of water through this approach.
The online retailer also highlighted that this method minimizes the risk of workers being exposed to harmful substances typically used in traditional denim production. Shein positions its denim printing technology as part of its strategy to "accelerate changes in manufacturing processes, improve resource efficiency, and promote innovation in fashion."
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The founder of Telegram, Pavel Durov, announced new developer contest.
Telegram and TON Core have announced a new developer contest with a generous prize pool of $200,000.
Outstanding participants will have the chance to join the Telegram or TON Core teams. Additionally, their contest code might be used to enhance the TON blockchain itself.
Telegram and TON Core have announced a new developer contest with a generous prize pool of $200,000.
Outstanding participants will have the chance to join the Telegram or TON Core teams. Additionally, their contest code might be used to enhance the TON blockchain itself.
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Alibaba sells former Auchan hypermarkets.
Chinese retail giant Alibaba continues its withdrawal from physical stores: after just five years, it is already selling hypermarket group Sun Art at a loss of 1.5 billion euros. Last month, the group had already sold its department store chain Intime, incurring a further loss of 1.2 billion euros.
When Alibaba bought department store group Sun Art from Auchan in 2020, it offered the Chinese e-commerce giant the chance to diversify to physical stores as the French group β in the midst of the Covid crisis β decided to withdraw from the Chinese market. Now, however, the tables have turned and Alibaba is selling the 466 hypermarkets and some department stores on to Chinese investment group DCP Capital.
Chinese retail giant Alibaba continues its withdrawal from physical stores: after just five years, it is already selling hypermarket group Sun Art at a loss of 1.5 billion euros. Last month, the group had already sold its department store chain Intime, incurring a further loss of 1.2 billion euros.
When Alibaba bought department store group Sun Art from Auchan in 2020, it offered the Chinese e-commerce giant the chance to diversify to physical stores as the French group β in the midst of the Covid crisis β decided to withdraw from the Chinese market. Now, however, the tables have turned and Alibaba is selling the 466 hypermarkets and some department stores on to Chinese investment group DCP Capital.
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On Inauguration Day, Trump Will Sign Executive Orders on Cryptocurrencies.
This was reported by The Washington Post. The executive orders will address the issue of cryptocurrency companies being cut off from banking services and review policies on cryptocurrency accounting.
The industry has repeatedly accused the Biden administration of pressuring banks to restrict access to financial services for cryptocurrency companies.
Particular attention is being given to overturning the SEC's requirement to classify crypto assets as liabilities, which was introduced in March 2022.
According to Reuters, representatives of the crypto industry are actively pushing for these executive orders to be issued within the first 100 days of Trumpβs presidency.
This was reported by The Washington Post. The executive orders will address the issue of cryptocurrency companies being cut off from banking services and review policies on cryptocurrency accounting.
The industry has repeatedly accused the Biden administration of pressuring banks to restrict access to financial services for cryptocurrency companies.
Particular attention is being given to overturning the SEC's requirement to classify crypto assets as liabilities, which was introduced in March 2022.
According to Reuters, representatives of the crypto industry are actively pushing for these executive orders to be issued within the first 100 days of Trumpβs presidency.
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How much money did Americans spend online during the holiday season?
Holiday online sales in the U.S. grew by 9% to reach a record $241 billion, driven by widespread discounts, Bloomberg reports, citing data from Adobe.
More than half of all spending over the last two months of the year was on electronics, clothing, and home goods, while food and cosmetics showed the highest growth rates compared to last year.
"Significant discounts this season attracted price-sensitive consumers," Adobe stated, adding that product sales increased depending on the depth of discounts. Overall, according to Adobe, the growth in online sales was driven by higher demand rather than price increases.
Years of cumulative price growth in recent quarters have created challenges for retailers, as consumers cut back on spending and prioritize essential goods. Nevertheless, preliminary data suggests that online sales during Black Friday have increased.
Holiday online sales in the U.S. grew by 9% to reach a record $241 billion, driven by widespread discounts, Bloomberg reports, citing data from Adobe.
More than half of all spending over the last two months of the year was on electronics, clothing, and home goods, while food and cosmetics showed the highest growth rates compared to last year.
"Significant discounts this season attracted price-sensitive consumers," Adobe stated, adding that product sales increased depending on the depth of discounts. Overall, according to Adobe, the growth in online sales was driven by higher demand rather than price increases.
Years of cumulative price growth in recent quarters have created challenges for retailers, as consumers cut back on spending and prioritize essential goods. Nevertheless, preliminary data suggests that online sales during Black Friday have increased.
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Donald Trump Announces Launch of His Own Memecoin $ TRUMP.
In the first few hours, its market capitalization exceeded $4 billion.
U.S. President-elect Donald Trump has announced the launch of a meme cryptocurrency, $ TRUMP. On the first day, 200 million coins will be offered to users, and by 2027, the total supply will reach one billion tokens.
Previously, Trump was skeptical about cryptocurrencies, but during his presidential campaign, he stated that he would make the U.S. the "world capital of cryptocurrency" and create a national bitcoin reserve.
In the first few hours, its market capitalization exceeded $4 billion.
U.S. President-elect Donald Trump has announced the launch of a meme cryptocurrency, $ TRUMP. On the first day, 200 million coins will be offered to users, and by 2027, the total supply will reach one billion tokens.
Previously, Trump was skeptical about cryptocurrencies, but during his presidential campaign, he stated that he would make the U.S. the "world capital of cryptocurrency" and create a national bitcoin reserve.
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Trump's wife launched her cryptocurrency after her husband.
In less than an hour, this unsecured token soared by 6,000%, and the coin's capitalization reached $3 billion.
Early Donald Trump Announces Launch of His Own Memecoin $ TRUMP.
In less than an hour, this unsecured token soared by 6,000%, and the coin's capitalization reached $3 billion.
Early Donald Trump Announces Launch of His Own Memecoin $ TRUMP.
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Amazon Founder Jeff Bezos successfully launched New Glenn launch vehicle.
Blue Origin, owned by Jeff Bezos, has launched a partially reusable New Glenn launch vehicle. It is considered a potential competitor for SpaceX rockets. The launch ended with the successful separation of the rocket into two stages.
According to the plan, the first stage was supposed to land on a floating platform in the Atlantic Ocean, but communication with it was lost, and the stage was declared lost. The second stage successfully entered Earth's orbit. A prototype of the Blue Ring spacecraft will be inside it throughout the entire six-hour flight.
Blue Origin, owned by Jeff Bezos, has launched a partially reusable New Glenn launch vehicle. It is considered a potential competitor for SpaceX rockets. The launch ended with the successful separation of the rocket into two stages.
According to the plan, the first stage was supposed to land on a floating platform in the Atlantic Ocean, but communication with it was lost, and the stage was declared lost. The second stage successfully entered Earth's orbit. A prototype of the Blue Ring spacecraft will be inside it throughout the entire six-hour flight.
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Amazon is suspending all commercial drone deliveries after an accident at an Oregon test site.
Last month, an incident occurred during the testing of the latest MK30 drone models at the Pendleton (Oregon) test site. Two drones collided during a flight in the rain, after which one of them caught fire on the ground.
During the investigation, the company discovered that the cause of the accident was a software problem.
According to Amazon representatives, drone delivery will resume after software updates are completed and approved by the FAA.
Last month, an incident occurred during the testing of the latest MK30 drone models at the Pendleton (Oregon) test site. Two drones collided during a flight in the rain, after which one of them caught fire on the ground.
During the investigation, the company discovered that the cause of the accident was a software problem.
According to Amazon representatives, drone delivery will resume after software updates are completed and approved by the FAA.
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TON Foundation expands partnership with Telegram, making TON the exclusive blockchain for Telegramβs mini apps ecosystem.
The Open Network Foundation, a non-profit organization supporting the TON community, announced an expansion of its partnership with Telegram Messenger, as part of which TON becomes the exclusive blockchain infrastructure powering Telegramβs Mini App ecosystem and supporting Telegramβs global user base of over 950 million monthly active users.
The Open Network Foundation, a non-profit organization supporting the TON community, announced an expansion of its partnership with Telegram Messenger, as part of which TON becomes the exclusive blockchain infrastructure powering Telegramβs Mini App ecosystem and supporting Telegramβs global user base of over 950 million monthly active users.
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The most valuable companies in the world.
For the first time in the history of the company, the largest retail chain Walmart entered the top 5 of the Brand Finance rating among the most valuable companies in the world ($137 billion, +42%).
Only the traditional leaders of the ranking are ahead of Walmart - Apple ($574.5 billion, +11%), Microsoft ($461 billion, +35%), Google ($413 billion, +24%), Amazon ($356 billion, +15%).
For the first time in the history of the company, the largest retail chain Walmart entered the top 5 of the Brand Finance rating among the most valuable companies in the world ($137 billion, +42%).
Only the traditional leaders of the ranking are ahead of Walmart - Apple ($574.5 billion, +11%), Microsoft ($461 billion, +35%), Google ($413 billion, +24%), Amazon ($356 billion, +15%).
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Donald Trump rescinds executive order on AI security measures.
On the very first day of his presidential term, Trump immediately annulled a number of decrees from the Joe Biden administration. We are talking, among other things, about the directive regulating the development of artificial intelligence in the United States.
Joe Biden's executive order, signed in October 2023, required developers of powerful AI systems to share data with the government on the results of tests on the safety of AI models. Opponents of the decree argued that it was βburdensomeβ and would force companies to reveal trade secrets.
Trump promised to cancel the directive during the election campaign: according to him, from now on he intends to support the development of AI on the principles of freedom of speech.
On the very first day of his presidential term, Trump immediately annulled a number of decrees from the Joe Biden administration. We are talking, among other things, about the directive regulating the development of artificial intelligence in the United States.
Joe Biden's executive order, signed in October 2023, required developers of powerful AI systems to share data with the government on the results of tests on the safety of AI models. Opponents of the decree argued that it was βburdensomeβ and would force companies to reveal trade secrets.
Trump promised to cancel the directive during the election campaign: according to him, from now on he intends to support the development of AI on the principles of freedom of speech.
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Amazon to lay off over 2,000 employees in Canada.
The marketplace has announced plans to close all seven warehouses located in the Canadian province of Quebec, according to CBC.
On January 22, 2025, Amazon representatives announced the upcoming closure of seven warehouses in Quebec, resulting in the loss of over 1,700 jobs. The company emphasized that this decision is driven by the need to reduce costs. Employees affected by the layoffs will receive 14 weeks of severance pay.
In the future, the company plans to return to fulfilling orders in the region through "third-party" services, as was the case before 2020. Quebec is also home to CSN, Amazon's only union in Canada, which was formed in 2024 by company employees. They had also been fighting against the demanding work schedule, low wages, and insufficient workplace safety measures at the warehouses.
The marketplace has announced plans to close all seven warehouses located in the Canadian province of Quebec, according to CBC.
On January 22, 2025, Amazon representatives announced the upcoming closure of seven warehouses in Quebec, resulting in the loss of over 1,700 jobs. The company emphasized that this decision is driven by the need to reduce costs. Employees affected by the layoffs will receive 14 weeks of severance pay.
In the future, the company plans to return to fulfilling orders in the region through "third-party" services, as was the case before 2020. Quebec is also home to CSN, Amazon's only union in Canada, which was formed in 2024 by company employees. They had also been fighting against the demanding work schedule, low wages, and insufficient workplace safety measures at the warehouses.
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British media reports that an 18-year-old man, accused of murdering three girls, bought a knife on Amazon in just a few seconds.
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Melania will also monetize her move to the White House.
She will make a documentary about life in the White House. βSheβs moving with a whole film crew, something no first lady has done before,β writes the Daily Mail.
The film will be broadcast on the American streaming service Amazon Prime, owned by Jeff Bezos, who attended Trump's inauguration
She will make a documentary about life in the White House. βSheβs moving with a whole film crew, something no first lady has done before,β writes the Daily Mail.
The film will be broadcast on the American streaming service Amazon Prime, owned by Jeff Bezos, who attended Trump's inauguration
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Amazon is launching delivery of goods in minutes in the UAE.
Amazon Now will deliver essential goods to the customer's door for free. We are talking about dairy products, meat and fish, ready-made meals, breakfast cereals, medicines and household chemicals.
Express delivery will be free if the user subscribes to Amazon Prime and orders items worth more than Dh 25.
In the first phase, Amazon Now will be available to residents of areas such as Jumeirah Beach Residence, Dubai Marina, Dubai Silicon Oasis and Jumeirah Lakes Towers. The plans include expanding the geography of delivery.
Amazon Now will deliver essential goods to the customer's door for free. We are talking about dairy products, meat and fish, ready-made meals, breakfast cereals, medicines and household chemicals.
Express delivery will be free if the user subscribes to Amazon Prime and orders items worth more than Dh 25.
In the first phase, Amazon Now will be available to residents of areas such as Jumeirah Beach Residence, Dubai Marina, Dubai Silicon Oasis and Jumeirah Lakes Towers. The plans include expanding the geography of delivery.
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Who is Ross Ulbricht, whom Donald Trump pardoned?
Ulbricht is 40 years old and has spent 11 years in prison. In his youth, he graduated from the University of Pennsylvania, where, as NDTV notes, he became interested in libertarianism. The idea that the government has no right to restrict an individual's freedom led him to the thought of creating an online platform where anything could be sold freely, with payments made in Bitcoin.
His project, Silk Road, appeared in 2011. Ulbricht referred to it as an "anonymous Amazon" due to its external resemblance. The platform sold various drugs, fake documents, pirated movies, and books. At one point, a section for weapons appeared, but it was later removed due to user outrage.
Ulbricht himself used the pseudonym "Dread Pirate Roberts" β a character from the novel The Princess Bride. Over the course of 2.5 years, over 9.5 million bitcoins (equivalent to $200 million at the time) were traded through the marketplace.
In 2013, the project was shut down, and the FBI announced the arrest of Ross Ulbricht. During the trial, he claimed that he created Silk Road as an experiment, never intended to sell drugs, and soon handed over control of the site to others.
In 2015, Ulbricht was sentenced to two life terms plus an additional 40 years for drug trafficking, computer hacking, and money laundering.
Authorities themselves emphasized that he was an advocate of libertarian ideals. After this, the Libertarian Party of the United States began calling for Ulbricht's release.
During the 2024 election campaign, Trump participated in a party convention where he promised that, if elected, he would pardon the Silk Road founder or at least reduce his sentence. This was an attempt to garner support from libertarians.
Π’he new U.S. president wrote that he called Ulbricht's mother to inform her of her son's pardon "in honor of her and the Libertarian movement."
Now, on social media, Americans are debating whether Trump freed a true villain, since Ulbricht helped spread drugs in the United States. Others argue that he is not guilty, with the blame lying solely on the sellers using his platform.
Ulbricht is 40 years old and has spent 11 years in prison. In his youth, he graduated from the University of Pennsylvania, where, as NDTV notes, he became interested in libertarianism. The idea that the government has no right to restrict an individual's freedom led him to the thought of creating an online platform where anything could be sold freely, with payments made in Bitcoin.
His project, Silk Road, appeared in 2011. Ulbricht referred to it as an "anonymous Amazon" due to its external resemblance. The platform sold various drugs, fake documents, pirated movies, and books. At one point, a section for weapons appeared, but it was later removed due to user outrage.
Ulbricht himself used the pseudonym "Dread Pirate Roberts" β a character from the novel The Princess Bride. Over the course of 2.5 years, over 9.5 million bitcoins (equivalent to $200 million at the time) were traded through the marketplace.
In 2013, the project was shut down, and the FBI announced the arrest of Ross Ulbricht. During the trial, he claimed that he created Silk Road as an experiment, never intended to sell drugs, and soon handed over control of the site to others.
In 2015, Ulbricht was sentenced to two life terms plus an additional 40 years for drug trafficking, computer hacking, and money laundering.
Authorities themselves emphasized that he was an advocate of libertarian ideals. After this, the Libertarian Party of the United States began calling for Ulbricht's release.
During the 2024 election campaign, Trump participated in a party convention where he promised that, if elected, he would pardon the Silk Road founder or at least reduce his sentence. This was an attempt to garner support from libertarians.
Π’he new U.S. president wrote that he called Ulbricht's mother to inform her of her son's pardon "in honor of her and the Libertarian movement."
Now, on social media, Americans are debating whether Trump freed a true villain, since Ulbricht helped spread drugs in the United States. Others argue that he is not guilty, with the blame lying solely on the sellers using his platform.
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