Latest news with #Diem
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Travel + Leisure
5 days ago
- Lifestyle
- Travel + Leisure
Hurry! Athleta's Summer Sale Is Packed With Comfy Travel Clothes Up to 81% Off
Whether upcoming plans include camping trips, a beachy getaway, or enjoying the rest of the season at home, summer quickly reveals the need for certain essentials. If those necessities include linen clothing, a spacious duffel bag, or comfortable travel pants, check out Athleta's sitewide sale. The Summer Sale, which ends on August 3, is packed with shopper- and editor-loved pieces, including the Endless Pants, lightweight T-shirts, and spacious crossbody bags for up to 81 percent off. Below, shop the 14 best deals from the sale while prices start at just $14. Paradise Shirt, $23 (originally $119) Retreat Linen Top, $75 (originally $99) Paradise Mid-Rise Wide-Leg Pant, $21 (originally $109) Diem Weekender Duffel Bag, $72 (originally $159) Diem Crossbody Bag, $14 (originally $59) All About Sheen Small Crossbody Bag, $49 (originally $65) Coaster Luxe Recover High-Hip Sweatshirt, $49 (originally $65) Renew Seamless Muscle Tank, $21 (originally $45) Venice High-Rise Wide-Leg Pant, $50 (originally $109) Seasoft Mid-Rise Straight Pant, $45 (originally $99) Transcend High-Rise 5-Inch Short, $45 (originally $59) Endless High-Rise Pant, $38 (originally $109) Transcend Halter, $37 (originally $49) Transcend Open-Back Tee, $45 (originally $59) Lightweight layers are the secret to taking a daytime outfit into the night, and this linen shirt can be worn with athleisure, jeans, or over a dress this summer. The Paradise Shirt has a cropped style and is made from a stretchy material that is designed to keep you cool, wick away sweat, and clean easily. One shopper called it a 'versatile addition' to their wardrobe, adding that it will be taken 'on lots of trips.' Snag it on sale in four colors, and pair it with the Paradise Pants for a matching set. While Athleta makes great travel clothing, the Summer Sale is also an ideal time to snag other vacation essentials like the Diem Weekender Duffel Bag. The neoprene exterior makes it a durable bag that holds up against wear and tear, and it's waterproof for traveling in various climates. It has an interior mesh pocket to keep you organized, and the trolley sleeve makes it easy to carry through the airport with a suitcase. The Endless High-Rise Pants are a writer-favorite for long flights and everyday errands, and they're marked down in eight colors during the sale. The stretchy material is wrinkle-resistant, and the thick waistband ensures all-day comfort. More than 9,000 shoppers give these a five-star rating, including one who called them their 'go-to pant' for going 'from the office to the town with ease.' A proper luggage collection doesn't stop at suitcases and carry-on bags. A spacious crossbody bag that keeps essential items close by is just as important. This option has multiple internal and exterior pockets for keeping your phone, wallet, passport, and headphones organized. Plus, the material is water-repellent and durable enough to withstand daily use. Keep scrolling to shop more deals from Athleta's Summer Sale below. Love a great deal? Sign up for our T+L Recommends newsletter and we'll send you our favorite travel products each week.
Japan Times
30-06-2025
- Business
- Japan Times
China is more than ready for U.S. stablecoins
Beijing didn't take Mark Zuckerberg lightly when he came up with his grand idea of a world currency, one that could meet the "daily financial needs of billions of people.' Nor is it ignoring the current buildup of excitement around stablecoin regulation in the U.S. China's powerful e-commerce firms and Hong Kong's financial chops have prepared it well against the upcoming tsunami of digital dollars. The Facebook founder's 2019 Libra blockchain (renamed Diem) threatened to unleash a similar wave of dollarization, in which the greenback — or a synthetic payment unit dominated by it — would supplant local currencies. China, which has long yearned to be free of the dollar's hegemony, was particularly worried of being overwhelmed. So it readied an official, digital copy of the yuan that could compete against the Libra, while keeping monetary affairs firmly in state control. But after the Libra/Diem project was shot down by U.S. regulators, Beijing was spared the urgency to respond. This time around, however, the challenge is more serious. President Donald Trump is hugely supportive of the crypto industry. Tether's USDT and Circle's USDC and all other 1:1 dollar clones will have U.S. regulatory backing. That may win them mass acceptance both at home and beyond America's borders. Treasury Secretary Scott Bessent is not wrong; Such private instruments can be a tool of extended dollar dominance. The U.S. debate around tokenized cash is mostly about commercial interests. Crypto upstarts — and even retail giants — are set to storm the moat of payment-industry stalwarts. Shares of Visa and Mastercard stumbled recently after the Senate passed the stablecoin act and Coinbase said it would allow USDC to be accepted by Shopify merchants. and Walmart are weighing their own tokens, according to the Wall Street Journal. With their retail deposits at stake, big U.S. banks won't be far behind. China is preparing to counter the rising threat of U.S.-backed digital dollars by leveraging its powerful e-commerce firms and Hong Kong's crypto-friendly financial system to promote stablecoins tied to local currencies. | Bloomberg Outside the U.S., however, digital dollars are rightly being viewed as much more than a danger to the payment industry's profit pools and the banking sector's deposit base. They could be a potent geopolitical weapon. So what will Beijing do to fight it? The official digital yuan, a project that was accelerated in response to Zuckerberg's Libra, isn't exactly a bazooka. Even domestically, the use of the e-CNY has been rather limited. Nor has it made much headway outside China. Monetary authorities in other countries that could have facilitated the exchange of e-CNY into their domestic legal tender, and vice versa, have lost interest in central bank digital currencies, particularly the retail variety. For China, which is already embroiled in a trade and technology spat with the U.S., all this makes for a dangerous vulnerability. Legal bans on changing yuan into unauthorized crypto won't keep out digital dollars. After all, China makes things for the world. A lot of these suppliers are small firms. If they start accepting virtual dollars on foreign websites to avoid the high fees and unfavorable exchange rates that plague traditional cross-border payments, Chinese households will invariably end up with crypto balances hidden from authorities' view. They can spend this hoard not just on overseas holidays, education and fashion, but also on foreign real estate and Bitcoin. China's capital controls could be shot and its freedom to set domestic interest rates might come under pressure. Before any of this comes to pass, however, China will play the ace up its sleeve: Hong Kong. Beijing has encouraged the special administrative region to become Asia's premier digital-asset hub. By extending the protection of its securities law to the lawless world of tokens changing hands on public blockchains, the city has been steadily building up trust in crypto. It has 11 licensed virtual-asset exchanges. From August, it will have its own stablecoin law, which may be used by the likes of Standard Chartered and Ant Group, an affiliate of the e-commerce giant Alibaba Group Holding, to offer Hong Kong dollar coins. even has a working name for its token: JINGDONG. Small Chinese suppliers on Alibaba or will be comfortable accepting payments from overseas customers in Hong Kong dollar stablecoins. Not only will they avoid hefty transfer fees, they will also know that the transactions have Beijing's blessing. They will trust their money to be safe, held in custody at a regulated exchange in a city whose currency is pegged to the greenback. China may even encourage firms in Belt and Road countries to use these instruments. The next step in this journey will be digital tokens tied to the offshore yuan. China is far from unprepared for the coming assault by American crypto bros. It has strong e-commerce platforms, well positioned to make the most of Hong Kong's crypto-friendly fintech industry. The combination may be enough to keep dollarization at bay. Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia.
Bloomberg
23-06-2025
- Business
- Bloomberg
China Is More Than Ready for US Stablecoins
Beijing didn't take Mark Zuckerberg lightly when he came up with his grand idea of a world currency, one that could meet the 'daily financial needs of billions of people.' Nor is it ignoring the current buildup of excitement around stablecoin regulation in the US. China's powerful e-commerce firms and Hong Kong's financial chops have prepared it well against the upcoming tsunami of digital dollars. The Facebook founder's 2019 Libra blockchain (renamed Diem) threatened to unleash a similar wave of dollarization, in which the greenback — or a synthetic payment unit dominated by it — would supplant local currencies.
Metro
12-06-2025
- Entertainment
- Metro
‘This niche fragrance gets me more compliments than any other - and it's £25!'
Metro journalists select and curate the products that feature on our site. If you make a purchase via links on this page we will earn commission – learn more As a beauty journalist, I've tried more perfumes than I care to admit. My shelves are stacked with plenty of bottles from big-name designer scents to buzzy celeb launches and yet, this little-known niche perfume is the one I keep coming back to. But after years of spritzing and sniffing, I'd finally found a fragrance that stands out and funnily enough, almost no one's heard of it – which is, what I think, makes it so special. From Diem, a London-based fragrance house that's changed how we shop for scent by offering gender-neutral, sustainable scents in small batches and 10ml bottles, comes Love Tangle Eau de Parfum. This surprising fragrance is described by Diem as a scent for the wild at heart. It smells like fragrant honeysuckle and roses winding through overgrown countryside hedgerows, like blackcurrants ripening in the sun, and its warm, musky base really clings to your skin. It starts off bright and juicy, but dries down into something warmer and more grounded. It's the kind of scent that people will ask about – trust me. Featuring notes of cassis, peony, musk and sandalwood make Diem's Love Tangle Eau de Parfum a fruity, feminine scent that lingers on the skin for hours. It's a fresh, youthful scent but sophisticated at the same time. BUY NOW FOR £25 After spritzing it on pulse points and setting foot outside, someone actually stopped me in the street to ask what fragrance I was wearing and, if you're based in London, you'll know this to be a very rare event! If you're thinking that niche fragrance brands don't have a lot to offer in comparison to the likes of say, Dior or YSL, you'd be sadly mistaken. Diem is quietly gaining fans among fragrance lovers and beauty editors alike. As a British fragrance house, it's all about telling stories and conveying emotion through scent. Who hasn't had a memory evoked by a certain fragrance before? More Trending What's so great is that shoppers can purchase the brand's smaller 10ml bottles so you're never wasting product or tossing out a half-used, gone-off bottle. The brand's heart is in sustainability too. Ingredients are all sourced from ethical, environmentally-conscious suppliers, and they've cut back on excess packaging wherever possible. Scent is such a personal thing but, (maybe this is just me) I'm finding more often than not, we're all wearing the same ones. Baccarat Rouge 540, Santal 33, and Black Opium, are all gorgeous and smell amazing, but they just don't feel unique anymore. That's why I'm going to stick to my Diem Love Tangle Eau de Parfum vehemently, and continue to share my love for niche fragrance houses and their incredible scents. Follow Metro across our social channels, on Facebook, Twitter and Instagram Share your views in the comments below MORE: I tried Molly-Mae Hague's holiday makeup routine – and I'm never going back MORE: This skincare product completely transformed my skin – I get everyone to use it! MORE: Pimple patches remain a cult skincare saviour – and here are the best to buy now
Yahoo
11-06-2025
- Business
- Yahoo
Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote
Senate Democrats Elizabeth Warren and Richard Blumenthal want Meta to explain what its stablecoin plans are. In a letter sent to the social media giant on Wednesday, the lawmakers asked the company formerly known as Facebook to detail its stablecoin ambitions and pointed to previous reports about issues Meta has had with scams, "alleged anticompetitive conduct," and privacy issues. Meta is considering using stablecoins for payments, Fortune reported last month. "If Meta controlled its own stablecoin, the company could further pry into consumers' transactions and commercial activity," the letter said. "The massive amounts of consumer data it would ingest could help Meta fuel surveillance pricing schemes on its platform, more intrusive targeted advertising, or otherwise help the company monetize sensitive private information through sales to third party data brokers." The letter included a list of questions, including whether Meta is thinking about launching its own stablecoin, whether it or any entity it's affiliated with has lobbied for the Senate or House's stablecoin bill or otherwise provided feedback on the bill. It also asked whether Meta would push back against an amendment that would block big tech firms from affiliating with or owning a stablecoin issuer. It also asked the company to explain how its new stablecoin plan might differ from the now-defunct Libra (later Diem) project Meta spearheaded in 2019. "The company tried to issue its own private currency in 2019 — as part of the so-called Libra stablecoin project — and was met with overwhelming bipartisan and international opposition," the letter noted. A spokesperson for Meta did not immediately return a request for comment. The letter comes the same day the Senate is set to vote on the GENIUS Act, its stablecoin bill. Though Senate Majority Leader John Thune said weeks ago that the body might consider amendments to the bill, he told Politico earlier this week that the path for amendments was less clear. The bill is likely to pass without any amendments. Senator Ruben Gallego, an Arizona Democrat, told CoinDesk last week he expected 16 Democrats to support the bill alongside a majority of Republicans, easily clearing the 60-vote procedural threshold for cloture.
