sanctions are having opposite effect than was intended

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VideoImageBillionaire businessman and investor James Packer has this week topped off a decade of misfortunes with a crushing blow to what was once jewel in his crown. Picture: Ted Aljibe/AFPSource:AFPLawrence Ho, the Macau based casino operator and son of the flamboyant “godfather” of Asia’s largest gaming empire, and James Packer, the billionaire Australian businessman and investor.Bound by the returns from their Asian casinos and their shared experience of being raised by a domineering father the men were friends, confidantes and business partners, so close they referred to each other as a lucrative joint venture that lasted 11 years, Mr Packer Crown Resorts and Mr Ho Melco Resorts built a casino business in Macau and Manila that earned Crown roughly $4.5 billion.For Mr Packer, it was a stunning return of almost six times his investment. But for Mr Ho, out of working with my family and my father company was worth any price he said in an interview for Damon Kitney 2018 Packer biography, The Price of Fortune.In 2019, when Mr Ho Melco Resorts group signed a $1.8 billion deal to buy 20 per cent of Crown, lightning should struck twice for the duo Melco Crown.Instead, the deal helped spark the inquiry that would forever tarnish Mr Packer credibility and could now force him to either sell his Crown stake or frantically make over his entire corporate entity.

“It is so important for wearable tech to pass the fashion test,” says Jodi Goodfellow, founder of Toronto’s Startup Fashion Week, an annual event devoted to the convergence of technology and style. Goodfellow says tech companies are seeking benediction from the fashion community, partly to push past what has thus far been a ghettoizing image problem: “There’s a stigma still attached that Star Trek stereotype.” For this reason, some of the most successful wearables so far (such as Tory Burch’s line of Fitbit jewellery or the Ringly collection, smart gemstone rings that would be covet worthy even if they didn’t light up and vibrate when your iPhone needs you) have steered clear of the alienating, outer space aesthetic. “The smart brands,” Goodfellow says, “are focused on making products that are appealing from a design perspective.”.