Kendall Jenner struts down the runway while walking in the Versace show held during Milan Fashion Week on Friday (September 21) in Milan, Italy. The 22-year-old model was joined in the show by her BFFs Gigi Hadid and Bella Hadid, as well as fellow models Kaia Gerber, Irina Shayk, and Emily Ratajkowski. Kendall‘s mom Kris [...]
Reported by Just Jared 17 hours ago.
Kendall Jenner Joins the Hadid Sisters in Versace's Milan Show
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Bella & Gigi Hadid Rave About Versace Show After Walking with Kendall Jenner!
Bella Hadid rocks a yellow dress while walking in the Versace fashion show with sister Gigi Hadid and friend Kendall Jenner on Friday (September 21) in Milan, Italy. The three chic models were joined in the Milan Fashion Week show by fellow models Kaia Gerber, Irina Shayk, and Emily Ratajkowski. Bella and Gigi both took [...]
Reported by Just Jared Jr 17 hours ago.
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Italian leader says right-wing is Europe’s “true” defender
ROME (AP) — Italy’s anti-migrant interior minister says the far-right political spectrum includes “the true defenders of European values.” Interior Minister Matteo Salvini, who leads the right-wing League party, said Saturday that during European Parliament elections in May “we have the occasion to send a force into government in Europe that’s not socialist.” Salvini, who […]
Reported by Seattle Times 17 hours ago.
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Richard Madden & Girlfriend Ellie Bamber Hold Hands During Milan Fashion Week!
Richard Madden and Ellie Bamber hold hands while heading to the Salvatore Ferragamo show during Milan Fashion Week on Saturday (September 22) in Milan, Italy. The hot couple, who have been dating for over a year, didn’t pose for photos together at the show. Ellie, who is one of the rising style stars in Hollywood [...]
Reported by Just Jared 16 hours ago.
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Julianne Moore, Armie Hammer, & More Stars Attend Ferragamo Show in Milan!
Julianne Moore and Armie Hammer are joined by their spouses while arriving for the Salvatore Ferragamo show held during Milan Fashion Week on Saturday (September 22) in Milan, Italy. The stars were joined by Julianne‘s husband Bart Freundlich and Armie‘s wife Elizabeth Chambers. Some of the other celebs in attendance at the event included Nocturnal [...]
Reported by Just Jared 15 hours ago.
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Italy extends time for vaccine proof for young school kids
ROME (AP) — Italian parents have more time before having to produce proof to schools that their children have received 10 mandatory vaccinations. The Italian Senate has extended until March a requirement that families provide vaccination documentation so their children can attend nursery school or kindergarten. The certification requirement was supposed to have kicked in before the school year started in September. But legislation approved Thursday and backed by Italy's populist government extended that deadline. Italy's health minister, Dr. Giulia Grillo, from the anti-establishment 5-Star Movement, says she'll have her child vaccinated. But Grillo insists that improved vaccination compliance be achieved by education, not obligation.
Reported by SeattlePI.com 15 hours ago.
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Milan fashion defends supply chain as designers unveil wares
MILAN (AP) — The talk off the Milan runway this season has been a perceived assault on Made-in-Italy’s integrity. The Italian Fashion Chamber issued a statement during Milan Fashion Week defending the system following a report by The New York Times on exploited workers in the luxury supply chain in the southern region of Puglia. […]
Reported by Seattle Times 15 hours ago.
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Bella Hadid & Laura Harrier Help Bvlgari Celebrate New Collection in Milan!
Bella Hadid and Laura Harrier look so chic in their black dresses while attending Bvlgari‘s celebration during Milan Fashion Week on Friday (September 21) in Milan, Italy. The 21-year-old model and the 28-year-old BlacKkKlansman actress were joined at the event by model Jasmine Sanders. The event celebrated the Spring Summer 2019 leather goods and accessorries [...]
Reported by Just Jared 14 hours ago.
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Amazon has quietly taken a big and fast-growing stake in a $7 trillion market (AMZN)
· In addition to Amazon Web Services and its advertising initiative, Amazon has another fast-growing business — its business-to-business marketplace.· Sales through Amazon Business have now reached an annual rate of $10 billion, and the marketplace is being used by "millions of businesses" around the globe.
· Total sales through the marketplace could exceed $25 billion by 2021, said Colin Sebastian in a new research note.
Amazon is known as the leading online store for consumers, but it's quickly becoming a destination spot for businesses, too.
The amount of goods sold through Amazon Business, the company's business-to-business marketplace, has hit $10 billion on an annualized basis, Amazon said in a blog post Tuesday. But by 2021, that amount, using "conservative" assumptions, should exceed $25 billion, according to a research note from Colin Sebastian, a financial analyst at Baird Equity Research.
"We believe Amazon [Business] over the very long-term has the potential to surpass the size of the core [consumer] segment, and remains an underappreciated opportunity by many investors," Sebastian said in his report.
Investors and analysts that are bullish on Amazon have largely concentrated on Amazon Web Services, which is its fast-growing cloud-computing segment, and its booming advertising business. Few, by contrast, have focused on Amazon Business.
But it, too, is showing impressive growth — and lots of potential.
More than $11 billion in goods will likely be sold through the business marketplace this year, up from $1 billion in annualized sales just two years ago, Sebastian said. By contrast, Amazon's consumer business took seven years to grow that same amount, he said.
In interview with Business Insider, Bill Burkland, who heads the UK operations of Amazon Business, noted that the company didn't even launch its business marketplace until April 2015. Although the marketplace offers a wide range of goods, its most popular products are those with widespread appeal across many different kinds of businesses, such as PCs and janitorial supplies, he said.
To hit an annual run rate of $10 billion in sales through the marketplace in fewer than four years "is certainly a reflection that this is a big and fast-growing business," Burkland said.
*Business-to-business e-commerce is booming*
The products sold through Amazon Business are sold by both Amazon itself and by third-party vendors. Those vendors now account for more than half of the total value of goods sold through the marketplace, according to Amazon's blog post. Amazon gets subscription fees from the third-party vendors and takes a commission on their sales.
Amazon offers its business marketplace in eight countries, including the United States, Germany, and Japan. Earlier this year, the company opened it to customers in France, Spain, and Italy.
Although little attention is devoted to outside of industry publications, the business-to-business e-commerce market worldwide is huge, with some $7 trillion in sales last year, according to Sebastian, citing figures from Shopify. That's more than three times as big as the consumer e-commerce market, which tallied about $2.3 trillion in 2017 sales.
With its big investments in recent years in warehouses and delivery services, Amazon is poised to become a major player in business-to-business sales, Sebastian said. Already, Amazon Business is used by 55 of Fortune's top 100 US businesses, and 40% of the local governments in the 100 most populous US cities use the service, Amazon said. It's also used by 80% of the top 100 US educational institutions in terms of enrollment, hosts some 150,000 sellers in the US, and serves "millions" of business customers worldwide, according to the company.
"Amazon has indicated in the past that over the very long-term, [Amazon Business] should be larger than its consumer business," Sebastian said.
In his note, Sebastian reiterated his "outperform" rating on Amazon's stock and his $2,100 price target. Amazon's shares closed regular trading Tuesday up $48.14, or 2.5%, to $1,987.15.
*SEE ALSO: A gold mine is buried 'under the weeds' at Amazon — here's why it could take the company beyond the $1 trillion mark*
*SEE ALSO: Amazon is increasingly tying Whole Foods to its Prime service – and it could be the gateway to $1 trillion*
*SEE ALSO: Microsoft has all the right ingredients to top Amazon in the cloud, says the company's former Silicon Valley chief*
Join the conversation about this story »
NOW WATCH: British Airways has a $13 million flight simulator that taught us how to take off, fly, and land an airplane Reported by Business Insider 14 hours ago.
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Bella Hadid Bares Some Leg at Bvlgari Party with Laura Harrier!
Bella Hadid shows off a lot of leg while posing for photos at Bvlgari‘s celebration during Milan Fashion Week on Friday (September 21) in Milan, Italy. The 21-year-old model was joined at the event by Spider-Man: Homecoming actress Laura Harrier and fellow model Jasmine Sanders. The event celebrated the Spring Summer 2019 leather goods and [...]
Reported by Just Jared Jr 14 hours ago.
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Comcast Wins Bidding for Ownership of Sky
The battle between 21st Century Fox and Comcast for British pay-TV company Sky PLC is finally over, with Comcast winning in an auction held by the U.K. Takeover Panel on Saturday, submitting a winning bid of roughly $39 billion.The fate of Sky was decided during a three-round auction on Saturday, a rarely-used tactic in handling mergers and acquisitions in the U.K. Comcast’s triumph came after the company offered £17.28 (roughly $22.59) per share for the company in the final round, handily outbidding Fox’s offer of £15.67 (roughly $20.49).
*Also Read:* Why Do Comcast and Fox Want to Buy Sky So Much?
More and more, U.S. companies have been looking internationally for a way to further build scale to compete against the rising tide of deep-pocketed tech companies — like Amazon and Netflix — invading their turf. This had made Sky an attractive asset.
Sky’s businesses could grow Comcast’s international revenue from 9 percent of its overall revenue to 25 percent. Sky counts nearly 23 million customers in key parts of Europe, including Germany, Italy and Austria, along with the U.K. and Ireland.
Sky should fit in nicely with Comcast’s other assets, namely NBCUniversal, with its mix of entertainment, sports and news content. In February, Sky extended its rights deal with the English Premier League through 2022, among the world’s most popular (and thus, valuable) sports leagues. That would work well with Comcast, which holds the U.S. TV rights for the British soccer league via NBCUniversal, also through 2022.
Winning on Sky serves as a pretty nice consolation prize for Comcast CEO Brian Roberts, who had attempted to outflank Disney in its pursuit of Fox, before eventually bowing out to focus on acquiring the British pay-TV company.
*Also Read:* Dana Walden Touts 'Complete Independence' of 'New Fox' After Disney Merger
The U.K. Takeover Panel, which oversees all mergers and acquisitions, sets a deadline that, if there are still multiple suitors for a company, will trigger an auction to determine the winning bidder.
The Takeover Panel sets this deadline to ensure that the company being acquired isn’t “under siege” for too long, while giving the shareholders for the potential buyers enough time to review all relevant materials from the proposal. Per the U.K.’s Takeover Code, that deadline is 46 days after the most recent offer is formally published with the U.K. Stock Exchange.
The Takeover panel will publish details of each side’s offer after the auction no later than Sept. 24.
Reps for Comcast did not immediately respond to request for comment from TheWrap.
*Related stories from TheWrap:*
Fox Beats Q4 Earnings Expectations as It Prepares for Disney Sale
Fox and Disney Shareholders Vote to Approve $71.3 Billion Merger
Why Disney Should Have Multiple Suitors for Fox's 22 Regional Sports Networks Reported by The Wrap 14 hours ago.
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Comcast outbids Fox with $39 billion offer for Sky in auction
· *Comcast beat Rupert Murdoch's Twenty-First Century Fox in the auction battle for Sky with an offer of around $39 billion. *· *Comcast's final offer was significantly higher than its bid going into the auction of 14.75 pounds, and compares with Sky's closing share price of 15.85 pounds on Friday.*
LONDON (Reuters) - Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky after offering around 30 billion pounds ($39 billion) for the British broadcaster in a rare auction to decide the fate of the pay-television group.
U.S. cable giant Comcast bid 17.28 pounds a share for control of London-listed Sky, versus an offer of 15.67 pounds a share offer by Fox, the Takeover Panel said in a statement shortly after final bids were made on Saturday.
The two media titans faced off in a rare one-day auction that took three separate sealed rounds of bids to produce a victor. Comcast's winning offer brings to a close a months-long battle to win the Sky, and the 23 million pay-tv subscribers in seven countries that make up its business.
Comcast's final offer was significantly higher than its bid going into the auction of 14.75 pounds, and compares with Sky's closing share price of 15.85 pounds on Friday.
It is a blow to 87-year-old media mogul Murdoch and the U.S. media and entertainment group that he controls, which already holds 39 percent of Sky and had been trying to take full ownership of the business since December 2016.
It is also a setback for U.S. entertainment giant Walt Disney, which agreed a separate $71 billion deal to buy the bulk of Fox's film and TV assets, including the Sky stake, in June and would have taken ownership of the British broadcaster following a successful Fox takeover.
If Comcast's winning offer is approved, it will own the 61% of Sky. Disney will need to decide whether it will sell it's 39% stake to Comcast, or if it will remain a minority partner.
Sky is an attractive asset to both Comcast and Disney as they work to expand their international footprints. The British pay-TV business serves 23 million customers, mostly direct-broadcast-satellite subscribers, in the UK, Ireland, Germany, Austria, Italy, Spain, and Switzerland.
It has a strong content portfolio, with exclusive rights through 2020 to run HBO shows like "Game of Thrones" and "Westworld" across Europe and with the majority of Premier League TV rights and exclusive rights to the German Bundesliga.
($1 = 0.7648 pounds)
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NOW WATCH: The Samsung Galaxy Note 9 is a $1,000 phone that's actually worth it Reported by Business Insider 13 hours ago.
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Bannon dubs the far-right Europe's "new elite" patriots
Former Trump strategist Steve Bannon declared Saturday that far-right "patriots" are the "new elite" of Europe as he brought his push for a trans-national, anti-European Union drive to Italy.
Reported by FOXNews.com 13 hours ago.
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Did Pope Francis call himself 'the devil?'
Vilnius, Lithuania, Sep 22, 2018 / 02:36 pm (CNA).- Traveling Saturday to Lithuania, Pope Francis joked that, in the eyes of some, Pope St. John Paul II is considered a saint while he himself is considered “a devil.”
The pope’s joke came amidst a Sept. 22 conversation with journalists, the Associated Press reported, during which he was presented a book about Pope St. John Paul II, written by long-time papal photographer Grzegorz Galazka.
Francis joked as he examined the book, reportedly telling reporters “[John Paul II] was a saint, I am a devil.”
“No, you are both saints!” Galazka responded.
The pope has shown a similar penchant for self-deprecating humor in the past.
Talking with reporters in August, he said his role in securing Italy’s reception of controversial controversial migrants had been that of “the devil’s paw.”
In January, Francis joked with cloistered nuns in Peru that they had come to hear him speak only “to get out of the convent a bit to take a stroll.”
In 2015, Pope Francis reportedly joked with then-Ecuadorian president Rafael Correa. After a visit, Correa tweeted that Pope Francis had made a joke based on stereotypes about Argentine vanity. “Being Argentine, they thought I would call myself Jesus II,” Francis reportedly told Correa.
The pope’s trip to Lithuania is the start of a four-day trip through the Baltic states, during which Pope Francis will visit Lithuania, Latvia, and Estonia, before returning to Rome Sept. 25. Reported by CNA 12 hours ago.
The pope’s joke came amidst a Sept. 22 conversation with journalists, the Associated Press reported, during which he was presented a book about Pope St. John Paul II, written by long-time papal photographer Grzegorz Galazka.
Francis joked as he examined the book, reportedly telling reporters “[John Paul II] was a saint, I am a devil.”
“No, you are both saints!” Galazka responded.
The pope has shown a similar penchant for self-deprecating humor in the past.
Talking with reporters in August, he said his role in securing Italy’s reception of controversial controversial migrants had been that of “the devil’s paw.”
In January, Francis joked with cloistered nuns in Peru that they had come to hear him speak only “to get out of the convent a bit to take a stroll.”
In 2015, Pope Francis reportedly joked with then-Ecuadorian president Rafael Correa. After a visit, Correa tweeted that Pope Francis had made a joke based on stereotypes about Argentine vanity. “Being Argentine, they thought I would call myself Jesus II,” Francis reportedly told Correa.
The pope’s trip to Lithuania is the start of a four-day trip through the Baltic states, during which Pope Francis will visit Lithuania, Latvia, and Estonia, before returning to Rome Sept. 25. Reported by CNA 12 hours ago.
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Steve Bannon, Trump's former strategist, calls for European nationalist revolution
Trump's former strategist spoke in Italy, one of several European countries he will tour to begin creating a new European anti-establishment movement.
Reported by USATODAY.com 11 hours ago.
Reported by USATODAY.com 11 hours ago.
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Cate Blanchett Joins Freida Pinto at Pomellato Balera Party!
Cate Blanchett strikes a pose as she arrives at the launch party for Pomellato Balera Party on Saturday night (September 22) in Milan, Italy. The 49-year-old Oscar-winning actress looked cool and edgy in a silk leopard-print outfit as she stepped out for the event held during the 2018 Milan Fashion Week. PHOTOS: Check out the [...]
Reported by Just Jared 7 hours ago.
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Justin Bieber, Hailey Baldwin share steamy kiss
Engaged star couple Justin Bieber and Hailey Baldwin shared a steamy kiss on a luxury yacht in Italy.
Reported by Zee News 5 hours ago.
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Italy PM spokesman threatens vendetta unless Treasury finds welfare funds
By Stephen Jewkes and Giuseppe Fonte MILAN/ROME (Reuters) - Italy's prime ministerial spokesman has warned that the anti-establishment 5-Star Movement in the coalition government will sack Treasury officials in a "mega-vendetta" unless they find the resources needed for welfare spending.
Reported by Firstpost 3 hours ago.
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Far-right 'patriots' are Europe's 'new elite,' Steve Bannon says
Bannon, working to help form a united trans-national front to push politics in Europe far to the right, encourages Italy’s populists to push their sovereignty-focused agenda to counter EU policies
Reported by Haaretz 42 minutes ago.
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Maurizio Sarri wants to sign Serie A star for Chelsea FC in January – report
Chelsea FC are lining up a move to sign Fiorentina star Federico Chiesa in the January transfer window, according to reports in the British media. The Daily Express is reporting that the Blues are in “pole position” to sign the Italy winger in the new year as Maurizio Sarri looks to add to his squad […]
The post Maurizio Sarri wants to sign Serie A star for Chelsea FC in January – report appeared first on The Sport Review. Reported by The Sport Review 2 hours ago.
The post Maurizio Sarri wants to sign Serie A star for Chelsea FC in January – report appeared first on The Sport Review. Reported by The Sport Review 2 hours ago.
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