Aeffe Takes Action to Contrast COVID-19 Effects in First Half

MILAN – Cost containment, more efficient working capital management, more focused collections in line with market changes and the development of its online business are part of Aeffe’s Action Plan to contrast the effects of the coronavirus pandemic, which dragged down earnings and revenues in the first half of the year.

The Italian fashion group reported a net loss of 10.9 million euros for the six months ended June 30, compared with a net profit of 5.1 million euros in the same period last year.

In the first half, revenues totaled 118.9 million euros, down 31.4 percent compared with 173.3 million euros last year, hurt by the impact of the COVID-19 pandemic at its retail and wholesale channels.

Aeffe controls the Alberta Ferretti, Moschino, Philosophy di Lorenzo Serafini and Pollini brands.

Sales of the ready-to-wear division totaled 88.6 million euros, falling 33 percent, while the revenues of the footwear and

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What you need to know about the new Galaxy Note 20 and Note 20 Ultra

Its cameras are considerably tamer too, at least by Samsung standards. Rather than go all-out as it did with the Note 20 Ultra, Samsung appears to have just transferred the Galaxy S20 Plus’s three main cameras into the Note 20. That’s especially ironic since, as of this writing, recent deals and promos temporarily made the unlocked Galaxy S20 Plus with the same cameras, a better screen, expandable storage, more RAM and a slightly larger battery quite a bit cheaper than the Note 20.

Credit where it’s due, this thing isn’t without its charms. For one, it has a slightly rounder body that I find surprisingly appealing, even as a fan of new Notes’ squarish aesthetic. The Note 20’s display is completely flat too, rather than slightly curved at the edges like the Ultra’s — that may make it less prone to accidental touches. And it still feels like a well-put-together

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There is still no proof TikTok is spying on you for China

TikTok, the app beloved by Generation Z, might get booted out of the US.
TikTok, the app beloved by Generation Z, might get booted out of the US.

Jon Kopaloff/Getty Images

  • The Trump administration is forcing TikTok to sell off its US business by September 15 or else face a ban, accusing it of posing a privacy and national security threat because it is owned by a Chinese company.

  • The administration has explicitly claimed TikTok spies on people but has never offered public evidence.

  • Experts diving through TikTok’s code and policies say the app collects user data in a similar way to Facebook and other popular social apps.

  • Google and Facebook by comparison almost certainly hoover up more user data than TikTok through their sprawling number of apps and services — but get less US political scrutiny on privacy.

  • Visit Business Insider’s homepage for more stories.

TikTok, the video-sharing app whose meteoric rise amongst teenage users has made it a challenger to the likes

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Some questions (and answers) about the Microsoft-TikTok deal

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Samantha Lee/Business Insider

Hello and welcome to Trending, Business Insider’s weekly look at the world of tech. I’m Matt Weinberger, deputy tech editor out of our San Francisco bureau, filling in for Alexei Oreskovic while he’s on vacation. If you want to get Trending in your inbox every Wednesday, just click here.

The clock goes tick-tock for TikTok

President Donald Trump and Microsoft CEO Satya Nadella
President Donald Trump and Microsoft CEO Satya Nadella

REUTERS/Carlos Barria

Hello, and welcome to Trending, the Business Insider tech newsletter. As you may have already noticed, I’m not Alexei Oreskovic, your usual host — I’m Matt Weinberger, deputy tech editor out of our San Francisco bureau, filling in for Alexei while he takes some well-deserved time off. 

In my day job, I oversee our enterprise tech coverage, which encompasses cloud computing, artificial intelligence, open source software, and productivity (shameless plug: you can read all about it on Hyperscale, my

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Mature matches, slightly different clientele

eharmony vs. EliteSingles: Mature matches, slightly different clientele
eharmony vs. EliteSingles: Mature matches, slightly different clientele

Online dating is great — it’s like window shopping for a date! — but there’s a slight shudder factor attached to the practice now that everyone and their mother (literally) has some sort of profile. The biggest advantage, obviously, is the potential to meet thousands of eligible singles who you likely wouldn’t have known existed otherwise. But whether those singles use their profile regularly or are even on it for the right reasons is another question — thus, the terrifying edge that can cause singles genuinely searching for the real thing to shy away from such a valuable tool.

When the dating pool is so deep, it’s important to narrow down your options to dating sites that are most likely to attract a very specific type of person and introduce you to people who have the same intentions that you do. Whether

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Are they any use? With Europe’s black-box coronavirus apps it’s hard to tell

By Padraic Halpin and Douglas Busvine

DUBLIN/BERLIN (Reuters) – Europe’s experiment in using technology to fight coronavirus has achieved some early successes: millions of people have downloaded smartphone tracker apps and hundreds have uploaded the results of positive COVID-19 tests.

Yet most European countries so far lack solid evidence that their apps – which identify close contacts via Bluetooth connections with nearby users – are actually alerting people who may have caught the disease before they can infect others.

The reason? Design choices made by governments and their app developers to protect people’s privacy.

In many of the 11 European territories using architecture designed by Alphabet’s Google and Apple , apps have been made to be ‘blind’ to warnings of potential exposure to COVID-19 flowing through the system.

In Switzerland, for example, the Federal Office of Public Health acknowledged that “the effectiveness of the SwissCovid App is difficult to measure

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In Michigan, an Election Day unlike any other

DETROIT – Tuesday’s primary was a Michigan election like no other.

The casting of close to 1.6 million absentee ballots crushed absentee records for any previous primary and easily topped the 1.27 million absentee ballots cast in the November 2018 general election, formerly a record.

Though the overall turnout appeared strong for a primary, the precincts themselves were mostly quiet throughout the day and as the 8 p.m. time for polls to close approached.

Instead, any frenzy took place in nearby rooms where crews of poll workers hustled to count record numbers of absentee votes.

Many of those who did show up at the polls – amid a coronavirus pandemic and after Michigan’s 2018 approval of no-reason absentee voting – said it was because they felt most certain their vote would be counted if they stuck the ballot into the box themselves.

“I think it’s more secure,” said Marla Laurain,

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Questions being raised after Kodak’s stock has a big moment

Eastman Kodak’s potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant.

Kodak’s depressed stock price surged last week before the company announced its plans to work with the President Donald Trump’s administration in exchange for a $765 million loan. That prompted Sen. Elizabeth Warren to send a Monday letter asking the Securities and Exchange Commission to investigate whether insider trading laws have been broken.

The SEC is now in the early stages of a probe, according to a report published Tuesday by The Wall Street Journal. The newspaper cited unidentified people familiar with the matter.

The SEC declined to comment on the report.

Kodak said Tuesday that the Rochester, New York, company intends to cooperate with any potential inquiries, without saying whether it has been contacted by the SEC.

The company’s stock soared

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These 3D Technologies Are Changing the Way Shoes Are Made

3D technology is not the future for footwear design — it’s already here, changing the way brands design and market their product. When it comes to footwear production, 3D technology has been introduced at multiple stages. Significant attention has been given to 3D printing for its tangible results, but 3D software, whether utilized for product ideation or marketing visualization, is emerging as an influential solution at both ends of the footwear journey.

“If you look at the major footwear manufacturers, there’s been conceptual modeling in some way for quite some time,” said Scott Green, director of product management in the software business unit at 3D Systems. “They have artists who do 2D paper drawings and designs, but then at some point, someone has got to make a looks-like, feels-like model.”

As software design has improved, this 3D modeling has been brought forward in the production process so that designers frequently

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Lightspeed Launches New Tools to Help Retailers Capitalize on Growth in Contactless Transactions

Consumers are changing their preferences and priorities when it comes to shopping, not just in terms of product but in the way they purchase. Concerns over hygiene and social distancing have encouraged retailers to adopt new measures such as contactless payments, in order to keep consumers comfortable. To accommodate this need, Lightspeed has introduced new features to help small and medium-sized businesses (SMBs) keep up.

“Retailers are currently undergoing major digital transformations to their businesses in order to adapt to consumer shopping habits during COVID-19,” said Dax Dasilva, founder and CEO at Lightspeed. “A defining factor for the success of these merchants right now is if they have the appropriate tools that will keep revenue moving, make their operations more efficient, and provide a positive experience for shoppers.”

More from Footwear News

Some measures require less digital infrastructure than others. For instance, if a retailer already has a “buy online,

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