The Beijing skyline reflected on the windows of a Dolce & Gabbana shop. China is opening up its financial sector to boost foreign investment. AFP
The Beijing skyline reflected on the windows of a Dolce & Gabbana shop. China is opening up its financial sector to boost foreign investment. AFP
The Beijing skyline reflected on the windows of a Dolce & Gabbana shop. China is opening up its financial sector to boost foreign investment. AFP
The Beijing skyline reflected on the windows of a Dolce & Gabbana shop. China is opening up its financial sector to boost foreign investment. AFP

Dolce & Gabbana founders make apology video to China


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The co-founders of Dolce & Gabbana apologized Friday in a video on Chinese social media after promotional videos seen as racist and subsequent Instagram messages stoked a furor in one of the world's largest markets for luxury goods.

Domenico Dolce and Steffano Gabbana appeared in a nearly minute and a half video posted on Weibo, a Chinese version of Twitter, saying they hope to be forgiven and will do their best to better understand and respect Chinese culture.

"We have always been in love with China," said Dolce. "We love your culture and we certainly have much to learn. That is why we are sorry if we made mistakes in the way we expressed ourselves."

The Italian fashion house has been in hot water for the videos and subsequent insulting remarks made by the Instagram accounts of both the company and Gabbana. It blamed hackers for the Instagram comments.

The three promotional videos, which have been deleted from the company's Weibo account, feature a Chinese woman using chopsticks to eat pizza and other Italian food. Many Chinese social media users called the videos racist and full of outdated stereotypes.

In the apology video, the two designers wore black long-sleeve shirts, the kind they often wear to runway shows, and sat with their hands folded at a large conference table in a room decorated with formal, red-gilded wallpaper.

"We will never forget this experience and it will certainly never happen again," Gabbana said, adding, "From the bottom of our hearts, we ask for forgiveness." They finish the video by saying "sorry" in Chinese.

A general view of the venue for The Great Show of Dolce & Gabbana in Shanghai, China. EPA
A general view of the venue for The Great Show of Dolce & Gabbana in Shanghai, China. EPA

The backlash forced Dolce & Gabbana to cancel a major extravaganza earlier this week that the company had billed as one of its biggest shows ever outside of Italy. Chinese purchases at home and abroad account for about 30 percent of global luxury goods sales.

Several screenshots showed Gabbana's Instagram account referring to China with crude terms and emoji as he defended the promotional videos.

Zhang Ziyi, who starred in Crouching Tiger, Hidden Dragon, said on one of her social media accounts that the Italian brand had "disgraced itself." Chinese pop idol Karry Wang and actress Dilireba, both Asia-Pacific brand ambassadors, have informed the company that they will terminate all cooperation. The fallout spread to Hong Kong on Friday with upscale department store Lane Crawford joining Chinese retailers who stopped selling Dolce & Gabbana merchandise.

Hong Kong-based luxury department store operator Lane Crawford, has joined Chinese retailers in dropping Dolce & Gabbana products. EPA
Hong Kong-based luxury department store operator Lane Crawford, has joined Chinese retailers in dropping Dolce & Gabbana products. EPA

"With respect to our customers, we have removed the brand from all stores in mainland China, online and in Hong Kong," Lane Crawford President Andrew Keith said in a statement.

Dolce & Gabbana goods earlier disappeared from major Chinese e-commerce sites including Alibaba's Tmall and JD.com. A duty-free shop at the Haikou Meilan airport on China's Hainan island announced on social media that it had pulled all the company's products.

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Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

The Lost Letters of William Woolf
Helen Cullen, Graydon House 

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

UAE currency: the story behind the money in your pockets
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Jawan
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