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Retail Resurrection: David’s Bridal bets its future on AI after double bankruptcy

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David's Bridal


How AI-driven personalization, knowledge graphs and a two-sided marketplace are creating a new business model for the 75-year-old retailer.Read More



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Funding & Business

Mitsubishi Heavy To Double Gas Turbine Capacity as Demand Soars

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Mitsubishi Heavy Industries Ltd. aims to double its gas turbine capacity in the next two years as demand for the equipment rises globally due to replacement and data center needs.



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Crypto Finds Gateway Into Australia’s $2.8 Trillion Pensions Pot

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Australia’s A$4.3 trillion ($2.8 trillion) retirement system — long regarded as one of the world’s best-regulated savings pools — is emerging as a new frontier for crypto.

Coinbase Global Inc. and OKX, two of the largest digital-asset exchanges, are rolling out products aimed at steering pension money into cryptocurrencies, underscoring how digital assets are edging further into mainstream finance.



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Czechs Plan $14 Billion Deficit With Bigger Spending on Defense

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The Czech government is proposing to increase the state budget deficit next year as the fiscally-conservative administration plans to boost spending on defense and a major energy project.

The budget draft has a shortfall of 286 billion koruna ($13.7 billion), about 19% more than the limit approved for this year, the Finance Ministry in Prague said on Sunday. The first deficit increase after four years of austerity policies is a result of additional expenditure of 49 billion koruna on defense and preparations for the construction of two nuclear reactors.



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