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How spiders might inspire the 3D-printed industrial revolution

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1 hour ago

Net-a-Porter agrees to a $775 million merger.

  Italy’s Yoox, an online clothing retailer, agreed to buy the luxury online apparel store for €719 million in stock, to create the world’s largest online luxury goods retailer. Yoox Net-a-Porter Group will have a net revenue of around $1.3 billion, and plans to sell more stock to fund expansion.
1 hour ago

Huawei reports a massive profit.

  The Chinese telecom equipment maker’s net profit rose 33% in 2014 to 27.9 billion yuan ($4.5 billion), meeting analyst expectations. The company’s consumer business, mostly handsets, is growing fast as Huawei becomes a household name in emerging markets.
1 hour ago

Heineken shakes up its top staff.

  The Dutch brewery announced it would streamline its head office (paywall) after reporting its worst revenue growth in seven years. Heineken’s head of strategy and two regional chiefs will leave, while other jobs will be consolidated; the company will also reorganize its operations into just four global regions.
1 hour ago

Taiwan can’t join the new China development bank.

  Taiwan’s membership will likely be rebuffed because Beijing hopes to avoid the “Two China’s” situation, a Chinese official said. China does not recognize Taiwan as an independent nation. Today is the deadline to join the bank.
7 hours ago

Alibaba signs a distribution deal with BMG.

  The Chinese internet conglomerate’s digital entertainment unit will have access to 2.5 million tracks, the first time it has signed with a music publisher outside of Asia. Alibaba and the Chinese government alike are cracking down on piracy as commercial streaming services gain popularity in China.
7 hours ago

UK consumer confidence hits a near 13-year high.

  British shoppers’ morale rose to +4 in March, from +1 in February, the highest level since June 2002, according to a GfK survey. That will be good news for the ruling Conservative party, which is touting economics in its campaign to win a second term in May’s general election.
1 hour ago
Chart of the Moment

Chinese and Hong Kong companies’ European investments are on a clear path.

7 hours ago

Blackstone pays $1.3 billion for three hotels.

  The world’s largest real estate private equity company bought two JW Marriott hotels and one Ritz-Carlton, all in the US, according to Bloomberg. The deal is a bet on the  value of the hotels’ meetings and conference venues, even as Airbnb’s reach grows.
7 hours ago

Volvo created a spray to make cyclists more visible.

  Put the invisible coating on your clothes or your bike, and it reflects white light.

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