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12.08.26 - 14:42
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Live facial recognition cameras to be used on UK′s busiest shopping street (The Guardian)
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Sadiq Khan has indicated the technology will be deployed on London's Oxford Street despite human rights concernsThe Metropolitan police are understood to be planning to use live facial recognition (LFR) technology on Britain's busiest shopping street.In June the Met said it would introduce the technology in London's West End by Christmas and into a further six areas next year. Sadiq Khan, the London mayor, has indicated that the newly pedestrianised Oxford Street will be included. Continue reading......
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11.08.26 - 13:00
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China′s Unitree Robotics IPO 5,526 Times Oversubscribed By Retail Investors (ZeroHedge)
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China's Unitree Robotics IPO 5,526 Times Oversubscribed By Retail Investors
Unitree Robotics' initial public offering was heavily oversubscribed (5,526 times) by retail investors as China's first publicly traded humanoid robotics company prepares to enter the public markets. The IPO will help usher in physical AI to the equity market.
The Hangzhou-based humanoid robot maker raised about 6.1 billion yuan, or $904 million, after selling 40.4 million shares at 150.8 yuan each, according to Bloomberg.
The offering values Unitree at roughly 61 billion yuan, or $9 billion, ahead of its expected STAR Market debut this month. The IPO will make the firm China's first publicly traded humanoid robot manufacturer.
Top investors soaked up about 20% of the offering, including AI startup DeepSeek, a Tencent-affiliated investment vehicle, and investment arms linked to CNPC, China Southern Power Grid, and China Telecom. DeepSeek was allocated a 2.31% stake.
China Dominates The Humanoid Robot Race. Can Tru...
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11.08.26 - 12:30
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Turkey Retail Sales Growth Eases To 11.8% In June (AFX)
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ANKARA (dpa-AFX) - Turkey's retail sales growth remained strong in June, though the pace of expansion moderated since May, the Turkish Statistical Institute said on Tuesday.The volume of retail sa......
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11.08.26 - 11:06
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Gap bucks retail headwinds with massive China expansion amid localisation drive (SCMP)
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Amid widespread store closures by foreign fast-fashion players in China, US apparel brand Gap is defying industry headwinds.
It plans to open 50 new stores in mainland China this year and return to Hong Kong by year's end, following a localisation overhaul that has attracted more Chinese consumers.
This expansion comes at a time when the world's second-largest consumer market faces sluggish overall retail sales, with brands such as Zara and H&M scaling back their number of stores.
With Gap......
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11.08.26 - 10:12
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Retail Footfall Fell on Lower Tourism, Says Spinneys CEO (Bloomberg)
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Dubai-listed Spinneys reported profit for 2Q of AED90.6 million. The retailer says revenue dipped slightly, hit by regional geopolitical tensions that disrupted supply chains and cut store footfall. Sunil Kumar, CEO of Spinneys spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa. (Source: Bloomberg)...
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