China will this year launch a fund with 7 billion yuan ($925 million) to spend on energy-saving projects such as efficient lightbulbs as it seeks to curb soaring demand for power, Chinese media reported.
A South Korean department store Friday, August 24th, opened what it calls the world's first virtual reality i-fashion store, which lets consumers pick clothes without actually coming in to try them on.
Mitsukoshi, one of Japan's most illustrious department stores, announced Thursday, August 23rd plans to merge with rival Isetan as Japan's purveyors of fine goods try to adapt to a rapidly changing market.
Business investment picked up only modestly in the second quarter after falling in the first, suggesting a key engine of economic growth last year may be cooling. The Office for National Statistics said investment rose 0.
A man armed with a knife who burst into a Sonia Rykiel luxury fashion boutique in Paris and held shop employees hostage for several hours was overpowered and arrested on Tuesday, August 21st, police said.
A shoe store so large it requires its own postal zip code opened in New York's upmarket Saks department store Friday, August 17th promising to satisfy even the needs of Manhattan's designer-hungry shoppers.
Years of economic policy mistakes after the fall of Saddam Hussein left unemployed young Iraqis easy targets for recruitment by al Qaeda and other insurgents, a U.S. Defense Department official said on Sunday.