Apple is diving into the world of robotics, looking for its next big innovation
Apple is diving into the world of personal robotics, searching for its next big innovation. The company, known for its iPhones, is now developing robotic devices that could live in our homes, like a mobile robot that follows you around and a smart table-top device with a moving display.
This comes after Apple decided to stop working on an electric vehicle, showing their constant hunt for new ideas to keep growing. Even though these robotic projects are still in the early stages and it's not certain if they'll be released, Apple sees a big chance to blend into our living spaces more with advancements in artificial intelligence.
The shift towards robotics reflects Apple's ongoing quest to find the next big thing that can match the success of its iPhone.
UK’s Aviva taps Australia pension funds for private market deals
Aviva Investors, is setting its sights on Australia's hefty pension funds, aiming to partner up for private market deals across the UK and Europe.
This move is part of Aviva's ambition to double its real assets portfolio in the next five years, seeking to tap into Australia's A$3.7 trillion pension pool, which has seen a significant rise in assets. The focus is on residential developments in Spain and the UK, alongside logistics properties across Europe, addressing the high demand and undersupply in these sectors.
This partnership underscores the global appeal of Australia's pension funds, matching the scale of other major global investors and marking a strategic shift towards international diversification for Australian pensions.
L’Oreal eyes stake in €3 billion perfume brand Amouage
L'Oreal SA, is eyeing a piece of the luxury perfume market by negotiating the acquisition of a minority stake in Amouage, an opulent fragrance brand rooted in Oman's rich cultural heritage.
This potential investment could see L'Oreal tapping into the niche luxury segment, with Amouage valued at over €3 billion, showcasing the brand's premium status in the global perfume industry.
As Amouage’s sales soared past $210 million in 2023, doubling over three years, L'Oreal’s strategic move could enrich its diverse portfolio, already boosted by recent acquisitions like Australian cosmetics brand Aesop. However, the deal remains uncertain, with the possibility of other investors showing interest in Amouage.
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