Debt-laden Canadians becoming more ‘fragile’ to economic shocks, warns TD CEO Ed Clark

Debt-laden Canadians becoming more ‘fragile’ to economic shocks, warns TD CEO Ed Clark

Doug Alexander, Bloomberg News | January 28, 2014 | Last Updated: Jan 28 12:16 PM ET
Toronto-Dominion Bank Chief Executive Officer Ed Clark said Canada’s economy is in danger of underperforming the U.S. as consumers become increasingly “fragile” amid rising household debt and home prices. Read more of this post

Pioneering Swiss watchmaker Raymond Weil, who founded the family business that bears his name, has died in Geneva, aged 87

PIONEERING WATCHMAKER RAYMOND WEIL DIES

ARTICLE | 29 JANUARY, 2014 11:36 AM | BY JESSICA TASMAN-JONES

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Swiss watchmaker Raymond Weil, who founded the family business that bears his name, has died in Geneva, aged 87.

Weil founded the luxury brand in 1976, when the Swiss watchmaking industry was in disarray due to the so-called “Quartz crisis” – during which electronic watchmaking methods resulted in a decline in traditional mechanical time pieces, which had been the speciality of Swiss craftsmen.

His aim had been to create luxurious but affordable timepieces.

In a statement the company said Weil died “peacefully” on 26 January.

Outside watchmaking, Weil was passionate about music, and named some of his first collections after famous operas and composers – such as the Amadeus collection, named after Mozart, and the Traviata collection.

Weil retired from the company’s board only last September, but was the honourary president of the brand at his death.

The company is one of the few Swiss watchmakers to remain in family hands. Weil’s son-in-law Olivier Bernheim, who joined the company in 1982, is the chair of the board, while his grandsons Elie and Pierre Bernheim are both directors.

Bernheim described Weil as his mentor. He said in a statement: ““His legacy and enthusiasm will live on through our family, his brand, its team over the world and all of those who wear the watch that bears his name.”

 

Cotton On: How rich lister Nigel Austin’s fashion chain is taking on the world

Cotton On: How rich lister Nigel Austin’s fashion chain is taking on the world

Published 28 January 2014 09:41, Updated 29 January 2014 09:29

Sue Mitchell

As a second wave of global retailers prepares to invade Australia, Nigel Austin’s Cotton On Group is vying for the title of the world’s fastest-growing retailer with a “coals to Newcastle” strategy that will see it expand into another half a dozen countries this year. Read more of this post

WeChat overtakes Facebook in Indonesian market

WeChat overtakes Facebook in Indonesian market

Staff Reporter

2014-01-29

Chinese smartphone messaging app WeChat has become one of the four major instant messaging tools widely used in Indonesia, reports Shanghai’s China Business News, citing Andi Ardiansyah, an Indonesian representative based in Guangzhou. Read more of this post

Tech giants scramble to tap internet solutions for cars

Tech giants scramble to tap internet solutions for cars

Staff Reporter 

2014-01-29

In line with a global trend among international auto multinationals, Chinese enterprises are scrambling to invest in car-related internet technology, attracted by the emerging market’s huge potential. Read more of this post

The second-gen managing director of Singapore property developer City Developments Limited has announced he will step down next month to take up the role of deputy chairman

SINGAPORE PROPERTY DEVELOPER SECOND-GEN STEPS DOWN

ARTICLE | 23 JANUARY, 2014 02:12 PM | BY JESSICA TASMAN-JONES

The second-gen managing director of Singapore property developer City Developments Limited has announced he will step down next month to take up the role of deputy chairman.

Kwek Leng Joo, 60, has held the post since 1995, but now Grant L Kelley, the first non-family member to head the executive management team, will become the company’s first chief executive. Read more of this post

The sounds of our lives: It took a competition to make this writer realise how nature’s symphonies have lost out to city noises

Updated: Wednesday January 29, 2014 MYT 10:22:55 AM

The sounds of our lives

BY JUNE H.L.WONG

It took a competition to make this writer realise how nature’s symphonies have lost out to city noises.

WE have become such a visual world that we often overlook our other senses. So when I heard there was a World’s Most Beautiful Sound competition, I was intrigued. When I found out the winning entry came from Malaysia, I was amazed. Read more of this post

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