they are orsola de castro, the co founder of fashion revolution and the author of the book loved clothes last, and kriti tula, the founder of doodlage, who creates sustainable fashion from waste. also joining us is the founder and the big boss of thredup, one of the world s biggest fashion resale platforms, who tells us second hand clothing is now transcending generations. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, the captivating world of fashion it s all about aspiration. it s an industry that thrives on innovation, constantly reinventing itself with the latest trends. it both shapes and is shaped by the society around us. there is, of course, the high end couture versus the ready to wear that you can pick up off the rack at your favourite retailer. then there are the business models fast fashion, based on quantity, and slow fashion, based on quality. both push the concept of seasonal limited desi
pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is we are
time an association of creative professionals. this time, it s the recording industry association of america accused ai companies of stealing their material and have sought to stop them in court. back in april, some 200 artists, including billie eilish and nicki minaj, signed a letter calling the use of ai in the music industry predatory and saying it should be stopped. staying with artificial intelligence, shares of nvidia fell by around 7% on wall street on monday. the chip firm has lost more than $500 billion in market value since briefly overtaking microsoft as the world s most valuable company last week. nvidia has benefitted from the boom in demand for chips that train and run generative ai models, such as openai s chatgpt. european union regulators have accused apple of breaking rules designed to rein in big tech companies. the european commission, which regulates competition in the eu, said apple s app store squeezes out rival marketplaces. this marks the first time t
largest economy. industrial output is lagging and house prices have fallen at theirfastest pace in a decade, highlighting the continued strains in the property sector. retail sales though have performed better than expected. so what does this all mean for china s recovery and the global economy? let s unpack all this with our asia business reporter sura njana tewari. markets in asia here are very conscious that make cautious about that mixed bag of data coming out of china. retail sales were up by 3.7% in may and that was better than april s 2.3% growth and beat many project projections with the government crediting labour day holidays and trade in programmes to encourage consumers for all of the appliances as well as shopping festivals as reasons for the improved sales. still, though, it was the third lowest reading since last august and may not do much to overcome concerns about a lack of demand in the country and spending. house prices fell at the fastest pace in a deca
out of five americans has received a shot. this as those $1,400 stimulus checks are starting to hit bank accounts. but despite the progress being made, there are concerns about the thousands of people who are traveling and attending spring break events across the country. masks and social distancing don t seem to be a priority and health officials are warning of the potential consequences, saying the next few weeks will be critical in determining if we ll see another surge. even though the numbers have gone down, over the last couple of weeks they ve plateaued. when you see a plateau at a level as high as 60,000 cases a day, that is a very vulnerable time to have a surge to go back up. we can avoid that if we continue to vaccinate people, get more and more protection without all of a sudden pulling back on public health measures. and many people are spending their spring breaks in florida. the state is seeing a rush of people despite health warnings. cnn s natasha chen is