Google and Microsoft – new video game streaming

Both big tech companies, Alphabet (GOOG:US)  with Google and Microsoft (MSFT:US), are on their way to build new video game streaming services for their customers. Google has “Project Stream” as a beta-version and Microsoft “Project XCloud” service. The idea in both of the services is to enable customers easy and working access to video game streaming.

-Scaling and building out Project xCloud is a multi-year journey for us. We’ll begin public trials in 2019 so we can learn and scale with different volumes and locations. Our focus is on delivering an amazing added experience to existing Xbox players and on empowering developers to scale to hundreds of millions of new players across devices, Microsoft comments.

Tech side is also experiencing a new event from Apple. According to company news, Apple (AAPL:US)  is having a new event at the end of October, 30th October, in New York. It is expected to cover news related to iPads and Macs.

Tech stocks have been performing well this year in the Wall Street and according to Bloomberg, Google´s one year return has been 8,78 percent, Microsoft´s 42,07 percent and Apple´s 36,88 percent.

 

Lifestyle Tech

Michael Kors confirms Versace deal – value 1,8 billion euros

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The US luxury group Michael Kors (KORS) confirms the deal of buying the Italian high-end Fashion House Versace with the enterprise value of 1,8 billion euros.  According to Kors, the deal will be financed primarily with cash and the deal is expected to close in the fourth quarter of the fiscal 2019.

According to the deal, Kors is planning to increase the global presence of Versace and increase the brand stores to 300 from 200. The new revenue target is 2 billion dollars and the operational focus is to increase the men and women´s accessories and footwear to 60 % of the revenues from current 35 % level.

Michael Kors Holdings will change its name to Capri Holdings and the company expects to increase the total revenues of the three major brands (Michael Kors, Jimmy Choo and Versace) to 8 billion dollars in the long run. Now the pro forma annual sales is 6 billion dollars and the group has over 1200 stores globally.

 

Business Lifestyle

Michael Kors to buy Italian Versace?

The US luxury Group Michael Kors (KORS) is to buy the Italian Fashion House Versace. According to several media sources, Kors is the main candidate to acquire the pop-icon culture brand icon Versace.

It is estimated that the price would be about twice the Versace revenues, so that the price tag would be about 2 billion dollars.  The revenue of the Italian Fashion House was 686 million euros last year.  This transaction would mean that the family and private equity company Blackstone would sell their shares to Kors.

Michael Kors, which listed in the New York Stock Exchange NYSE in 2011, is one of the luxury groups in the US. The IPO was priced at 20 dollars, when the stock is trading around 65 dollars today.

The companies are having different customer segments related to their products and this move is seen more  as an expansion of the Michael Kors to upmarket brands. Like Financial Times wrote today, this transaction would be like mini-LVMH or mini-Kering to Kors.

 

 

 

Lifestyle

Chopard and happy sport diamonds

 

 

This year is the 25th anniversary of the iconic Chopard Happy Sport Watch. The watch is having free moving diamonds between the two sapphire crystals in the dial. The automatic movement includes hours, minutes and seconds.

There are four different kind of case options, including stainless steel, 18k gold or a combination of the two metals, with or without diamonds. The mother-of-pearl dials can be white or in a soft pastel shade of either pink or blue. This Happy Sport Watch is water resistant up to 30 meters.

The straps include lavender blue, matt pink or matt white leather or 18 gold pin buckle.

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Lifestyle

Green Bonds – financial tools to mitigate trade wars and Climate change

Green Bonds have got a new meaning in the era of trade wars and tariffs. It can be used to mitigate the growing trade tensions but also to mitigate the Climate Change.

Green Bonds are targeted to projects that have environmental impact on for example energy efficiency, the efficient use of natural recources or green city infrastructure. Because of this nature, green Bonds are also modern tools to engage with the Paris Agreement and thus mitigate Climate Change.

According to Moody’s research the global green bonds issuance was nearly 45 billion dollars during the second quarter in 2018. And it is expected to grow to 175-200 billion dollars this year.

Many goverments have also talks related to public-private partnerships in order to finance different infrastructure projects.

Today the Japanese Nikkei newspaper stated that Japan is in talks with the US in order to build up sovereign wealth fund for US infrastructure investments. Japan and US have trade talks next week in Washington.

According to Nikkei Japan would raise capital from the private sector through bond issues as early as April 2019.

Lifestyle

CTA: Smartphones will soon rival TVs

Smartphones are becomming more and more common among the consumers in the US. According to CTA research smartphones will soon rival TVs as the most owned tech product with 87 % ownership versus 96 % for TVs. It is estimated that smartphones will match with TVs during the next five years.

New emerging tech categories include also for example Amazon Echo and Google Home. The ownership has risen to 22 percent.

Smartwatches are also gaining growth to 18 % of the US households. The increase is 6 % from year ago.

The CTA research was done during the Feb-March 2018 and it included 2016 persons.applewatch_nylon_photo_4

 

Lifestyle Tech

Bulgari luxury watch to celebrate 100 anniversary

 

Diva Finissima Minute Repeater from luxury watchmaker Bulgari is for the ones and only. This fine artistic jewellery watch is having limited edition of ten pieces globally, with the price of 187.000 dollars. It has been designed to celebrate the company´s 100 years anniversary.

The watch is a combination of Italian jewellery design and Swiss high-quality watchmaking. This is also the world´s thinnest minute repeater movement for ladies.  The Japanese style of design (Urushi lacquer) in the dial shows fine gold dust as the reminder of beautifull craftmanship.

This watch is having 42-hour power reserve and water-resistant to 30 meters. The strap is black alligator leather by an 18kt rose gold folding clasp with diamonds.

 

Lifestyle