Shanghai has a new luxury address, with the opening of Bulgari Hotel Shanghai. Set on the riverbank not far from the city's famous waterfront The Bund, Bulgari Hotel Shanghai is a 48-floor tower that features 82 rooms.
Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170 million (127.4 million pounds) to help cut its debt burden, driving the share price around 5 percent higher.
A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
The billionaire jeweller at the heart of a more than $2 billion fraud case in India, has fled to the UK where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.