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IOL News
an hour ago
- Entertainment
- IOL News
Discover exciting events in Cape Town: from comedy and decor exhibition to wine tasting
Loukmaan and Emo Adams will perform at The Jive Cape Town Funny Festival. Image: File The Jive Cape Town Funny Festival Escape the winter blues at this annual event, which is returning to the Mother City this weekend. Some of the nation's biggest acts are taking to the stage, including Dalin Oliver and Alan Committie, who will serve as the gathering's MCs. They will be joined by Sweden's Charlie Caper and Baccala Clown from Italy. South African talents who will take to the stage will be The Big Boys, Emo and Loukmaan Adams with Terry Fortune, Kagiso Mokgadi and Robby Collins. Where: The Pam Golding Theatre at the Baxter Theatre Company. When: Runs until Sunday, June 8, from 10am to 6pm. Decorex Cape Town This renowned gathering features several brands, themed exhibitions, new collaborations and insightful talks. This year's theme is "The Future of Living", which will explore how technology and design can revolutionise home life and improve the quality of life. Where: The Cape Town International Convention Centre. When: Runs until Sunday, June 8, from 10am to 6pm. The Trophy Wine Show This event invites wine-lovers to the single-night 2025 Public Tastings where they can indulge in around 150 wines of distinction, which include silver, gold and trophy winners. Some of the highlights will be the Best White and Best Red Wines of Show, the International Judges' trophy winner, Discovery of the Show (best value wine) and Best Premium Wine, with the medalists of the Most Successful Producer claiming the limelight. Where: The Cape Town International Convention Centre. When: Tuesday, June 10, from 5pm to 9pm.
Business Recorder
16 hours ago
- Business
- Business Recorder
SECP study outlines strategic roadmap reshaping Takaful sector
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a comprehensive study titled 'Future of Takaful in Pakistan – A Diagnostic Study,' which assesses the current landscape of the Takaful sector, and outlines a strategic roadmap reshaping the Takaful sector in Pakistan. The study provides a detailed analysis of the Takaful sector's performance, market share trends, and comparison with conventional insurance, while highlighting the evolution of the regulatory framework since the introduction of Takaful in Pakistan in 2005. It also benchmarks Pakistan's Takaful sector against international markets, including Malaysia, Saudi Arabia, Sudan, and Indonesia. Despite being part of the insurance sector for nearly two decades, Takaful currently constitutes only around 12% of the total insurance contributions in Pakistan. The study identifies key challenges impeding the sector's growth, such as limited public awareness, trust deficits in governance, inadequate product positioning, human resource constraints, regulatory gaps, and limited domestic Retakaful capacity. Recognizing the broader shift toward an Islamic financial the study proposes a series of targeted policy recommendations and action points to support this transition, including regulatory reforms, awareness initiatives, and stakeholder collaboration. The report can be accessed on the SECP's official website. The SECP encourages all stakeholders — including policymakers, regulators, insurers, and Shariah governance professionals—to review the study and actively participate in the collective effort to build a vibrant, takaful ecosystem in Pakistan. Copyright Business Recorder, 2025
Metro
4 days ago
- Entertainment
- Metro
'SXSW London will be a love letter to the city - we ought to be here'
SXSW, a conference encompassing music, art, business and innovation, kicked off in London today for the first time in its 38-year history. Attendees will witness a historic 'love letter to London', SXSW CEO Max Alexander tells Metro, one of the conference's media partners, with more than 25 Shoreditch venues hosting daily talks, panels, performances and more. What began as a music industry conference in Austin, Texas, evolved into a broader cultural festival which has served as a platform for some of today's most successful artists and businesses. 'It makes no sense when you hear about it. But when you arrive, it suddenly makes sense because what you're being invited to do is to get out of your comfort zone. To challenge yourself by experiencing speakers or music, or cultural events that are not in your domain,' Max explains. 'This is at the heart of what Austin and London do as cities, which is to invite people to seek ideas. I have a profound love affair with London. 'I think it's the greatest city on earth. SXSW's ambition is to become part of the cultural fabric of London.' 'We want SXSW to be a love letter to London, while being incredibly respectful of what London already is: a profound nexus of culture, business, creativity, ideas, technology, finance, and philosophy,' Max adds. Ticketing app DICE has put together a list of their 25 grassroots artists you need to see in London over the next six months. With tickets ranging from free to £27.50, these shows will ensure a great night to suit all tastes and budgets. Click HERE to catch the full list. Choosing Shoreditch as the core of London's first SXSW conference was intentional. The London neighbourhood is like if the world itself were 'fractalised', Max says. 'Within Shoreditch alone, you have a mixed and diverse little city within itself. When planning this event, we looked at cities across Europe, but in the end, the siren song of London was impossible to resist. We ought to be here.' This year's conference is addressing six themes: Humanity, Machines & The Future of AI; Our Future Health; New Tech Frontiers; Tech, Government and The Future of Society, Navigating Business in a Changing World; Innovation Meets Imagination: The Future of Creativity. Hundreds of businesses and music artists will be platformed at this year's event – all intentionally chosen, so SXSW can be a place where attendees can come and see them to 'dream' about what they might be, Max said. 'We want to help amplify for London and for Britain and indeed for, for Europe and showcase technologies, business models, art forms, music creatives, and give people a really explicit platform for presentation and discovery and investigation,' he said. 'There is simply put, nothing else like it in Europe. We want to encourage people to see and value each other's disciplines. More Trending 'This is a space we invite people to come to and to be inspired in and to dream in. That's valuable in and of itself, and I hope will be incredibly valuable in the medium and long term to the city and to the United Kingdom.' But the thing Max hopes attendees will take from this year's conference is to learn something new, and make a new friend in East London. He said: 'Learning something new is just such a fabulous thing, because when we stop learning, we die.' SXSW begins today and will run until Friday, June 7. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: SXSW London: Everything you can expect from festival's inaugural week in the Capital MORE: Brothers deny murder of man who died from 'catastrophic' injuries 41 years ago MORE: 'Beautiful' woman in her 20s stabbed to death in middle of town centre
Yahoo
28-05-2025
- Business
- Yahoo
Macy's Inc. Reports Q1 Declines but Came Out Ahead of Guidance
Macy's Inc., continuing to aggressively close underperforming department stores, reported drops in profits and sales for the first quarter of 2025 but said the performance was better than expected. Net income dropped to $38 million, or 13 cents per diluted share, in the quarter ended May 3, from $62 million, or 22 cents per diluted share, in the year-ago quarter. More from WWD Assessing Modern Luxury With Bluemercury's Maly Bernstein FIT's 2025 'Future of Fashion' Showcase Embraces Trends of the Present Bloomingdale's Unveils Coniglio Palm Beach Collection and Carousel Operating income declined to $94 million last quarter, from $125 million in the year-ago period. Net sales slipped to $4.6 billion in the latest quarter, from $4.85 billion in the year-ago period. Based on the dynamic situation with tariffs, and what the company sees as some moderation in discretionary spending and a heightened competitive promotional landscape, Macy's reduced its earnings guidance for the year, but maintained its sales projection and stated it feels 'confident' it can adapt to the changes. 'We continued to execute against our Bold New Chapter strategy during the quarter, scaling key initiatives that improved our customer experience and contributed to stronger than expected performance across all three of our nameplates,' Tony Spring, Macy Inc.'s chairman and chief executive officer, said in a statement issued Wednesday morning. 'Our first-quarter results give us confidence that we have the right strategy and team in place to navigate the current environment while we continue to invest in our customer on the path to returning Macy's Inc. to sustainable profitable growth.' Officials also indicated that the results reported beat previously issued guidance on sales and earnings per share. Macy's Bold New Chapter strategy, introduced in February 2024, involves investing in 'go-forward' stores with increased staffing in high-traffic areas such as women's shoes and fitting room areas, fresher products and improved visuals. Macy's has designated 350 go-forward department stores. The strategy also calls for closing about 150 poor-performing department stores over a three-year period, while 'accelerating and differentiating luxury,' striving for organic growth and store expansion at both Bloomingdale's and Bluemercury, including opening Bloomie's units, which are scaled down, specialized versions of the full-line Bloomingdale's department stores. By division last quarter, Macy's net sales, including owned and licensed and through the store's marketplace format, were down 0.9 percent. For the Macy's 'go-forward' department stores, comparable sales were down 1.9 percent. Bloomingdale's comparable sales rose 3.8 percent on an owned, licensed and marketplace basis. Bluemercury's net sales rose 0.8 percent, and on a comparable basis were up 1.5 percent. Macy's now expects adjusted earnings before interest, taxes, depreciation and amortization, as a percent of total revenue, to range between 7.4 percent to 7.9 percent, down from its previous forecast of 8.4 percent to 8.6 percent. Adjusted diluted earnings per share are seen coming in at $1.60 to $2, down from the previous forecast of $2.05 to $2.25 per diluted earnings per share. However, the company's forecast for sales is unchanged at $21 billion to $21.4 billion for this year. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
24-05-2025
- Politics
- Time of India
Govt struggling to clear dues of ‘Ladki Bahin' scheme
Nashik: NCP (SP) MLA Rohit Pawar said on Saturday that the state govt was struggling to provide funds for Mukhya Mantri Majhi Ladki Bahin Yojana. He said that the govt had diverted funds from other departments to the accounts of beneficiaries of the scheme. He advised the govt to increase its income sources for successful implementation of the scheme. Pawar held a meeting with party office-bearers and functionaries in Nashik. Briefing the media, Pawar said, "Before the elections, they promised to give Rs 1,500 to the 'ladki bahin' (sisters) in the state and started giving it. But sustaining it is a different thing, and after coming to office, they are now finding it difficult." "Govt should boost its income to finance the scheme, as the current way of clearing dues is an injustice to the beneficiaries of the social justice department and the tribal welfare department, from where the funds are being reportedly transferred," said Pawar. Pawar said party supremo Sharad Pawar would spell out the party's agenda regarding contesting the civic polls during the forthcoming anniversary celebration of the party. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scalable retail: Video analytics firm enables more traffic thanks to robust computing power - Google Cloud: Future of Infrastructure CIO | Google Cloud, AMD Undo Speaking on the undivided NCP and Shiv Sena, Rohit Pawar said that there were two brands – the first is the original and loved by people, and the second is artificially pumped up. "One brand is accepted, loved, and supported by the people and grows big, which has natural support, and the other brand is 'shown' big by 'pumping in money'. The other kind will not last longer," said the MLA. On the SIT announced by the state govt to investigate the seizure of Rs 1.84 crore cash allegedly related to the visit of the Estimates Committee in Dhule, Pawar claimed, "It will be fruitless. Many such teams were formed in the past on various issues with zero outcome. A judicial inquiry should be conducted into this matter to trace the movement of money." He said that the Maharashtra State Commission for Women was an autonomous body and hence there should be an apolitical appointment to the body. The person could be primarily be a retired person with judiciary background or a very senior retired bureaucrat. This demand will be raised during the upcoming session, said Pawar.
