Thuta Aung

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House of Fraser sold to China's Sanpower

House of Fraser is the latest British company to fall into foreign hands after its owners struck a takeover deal with Chinese conglomerate Sanpower which values the 165-year-old department store chain at more than £450m.<p>Sanpower, which is controlled by one of China's richest men, Yuan Yafei, owns …

Yahoo rolls out gaming platform

How Chipotle transformed itself by upending its approach to management

During a busy lunch rush at a typical Chipotle restaurant, there are 20 steaks on the grill, and workers preparing massive batches of guacamole and seamlessly swapping out pans of ingredients. Compared to most fast-food chains, Chipotle favors human skill over rules, robots, and timers. Every …

Hospitality

This Powerful South African Whisky Ad Will Get You

When it comes to whisky advertising, the most common themes tend to be history, a nod to the homeland, or a high five to some definition of manhood. But this new spot by South African agency King James and director Greg Grey eschew all of these in favor of…literacy.<p>Well, sort of. The ad trails an …

Titanfall switches to an open beta on Xbox One today, PC will follow soon

Xbox One owners furiously refreshing their inboxes (or Respawn founder Vince Zampella's Twitter feed) looking for <i>Titanfall</i> beta codes can step away from the F5 button -- it's switching to an open beta. According to Major Nelson, it will appear on your console under the new game demos section, …

Two killed as more storms batter Britain | Reuters

LONDON (Reuters) - Two people were killed and 32 people were rescued from a seaside restaurant on Friday as storms and strong winds battered Britain, adding more misery to areas already hit by widespread flooding and transport chaos.<p>Gales of up to 80 miles (129 kilometres) per hour and heavy rain …

North Korea prison camp survivor awaits UN report with hope, despair | Reuters

SEOUL (Reuters) - After a year of investigation, the United Nations is set to release a detailed report on human rights violations in North Korea that could pave the way for criminal prosecution in an international court.<p>Shin Dong-hyuk, a North Korean defector who has given the U.N. panel harrowing …

Dyson invests £5m in robotic vision lab with Imperial

<b>Dyson, the engineering company best known for its bagless vacuum cleaners, is to invest £5m in a robotics lab at Imperial College, London.</b><p>The research will focus on vision systems that can help robots understand and adapt to the world around them, the company said.<p>Dyson has been working on robotics …

Sliding rand boosts and burdens South African companies | Reuters

JOHANNESBURG (Reuters) - For corporate South Africa, the tumbling rand has been both a blessing and a curse: a windfall for mining houses, it has also saddled domestic manufacturers and retailers with higher costs and weaker consumer demand.<p>The hand of South African Reserve Bank Governor Gill …