Day: September 8, 2020

Zara-Owner Inditex Starts Online Sales at Budget Brand Lefties | Investing News

MADRID (Reuters) – Zara-owner Inditex’s

little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market.

Lefties sells low-priced clothing for women, men and children and is present in six countries – Spain, Portugal, Russia, Mexico, Qatar, and Saudi Arabia – with over 100 stores.

First set up in 1999 as a way to clear Zara clothing from previous seasons, Lefties now has its own designers and ranges. However, it has little visibility compared to Inditex’s main brands like Zara, Massimo Dutti and Bershka and it does not appear on the list of brands on the Spanish company’s website.

A Lefties store on Madrid’s central shopping drag Gran Vía sells short printed dresses for 12.99 euros ($15.33) and cotton candy-striped shirts for 8.99 euros – a similar price point to clothing on sale

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Working From Home: The New ‘Industrial’ Revolution

Several centuries ago Europe and the USA underwent the industrial revolution, a transformation of our manufacturing processes enabled by the development of new machinery to support repetitive assembly line tasks within large factories.

The revolution served to bind workforces to specific locations and rigid working hours, triggering a fundamental societal shift as countries saw mass population migration from rural areas to the cities. Post-revolution life would never be the same again.

The question is, with millions of people currently working from home and showing little appetite to return to the office, are we witnessing a new industrial revolution across the knowledge economy?

 A decade of change overnight

The jury is still out on whether our way of life will permanently change as

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Ireland’s Donohoe calls for Brexit negotiators to redouble efforts

Irish Finance Minister Paschal Donohoe said Brexit negotiating teams should redouble their “creativity and commitment” in order to reach an agreement before the end of the year, with officials and governments currently preoccupied by the coronavirus pandemic.  

Donohoe told CNBC Friday the importance of the EU-U.K. talks have been heightened by the global economy being gripped by Covid-19 developments in the last few months.

“It’s so important that all of us redouble our efforts and redouble our creativity and commitment to see if a pathway for an agreement can be found because the impact of a very, very hard Brexit on all participants in global trade, of course, is only going to be heightened if we are already dealing with the consequences of Covid-19,” he said.

Talks faced another setback last week after Ireland’s European Commissioner Phil Hogan, who was responsible for trade, resigned amid a “Golfgate” scandal. Meaning the

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Arizona student group slammed for raising money for gunman

A Republican student group at Arizona State University is receiving backlash for donating money to the 17-year-old gunman who fatally shot two protesters in Wisconsin

TEMPE, Ariz. — A Republican student group at Arizona State University is receiving backlash for donating money to the 17-year-old gunman who fatally shot two protesters in Wisconsin.

College Republicans United announced this week that half of any funds they raise during the semester will go toward paying for the legal defense of Kyle Rittenhouse.

“He does not deserve to have his entire life destroyed because of the actions of violent anarchists during a lawless riot,” the group said in a tweet.

In a statement Saturday night, the ASU College Republicans denounced College Republicans United “radical, far-right extremist group.”

ASU College Republicans called for an investigation of

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