Swiss Watch Giant Navigates Trump’s Tariff Uncertainty The Swiss watch industry is renowned for its precision, craftsmanship, and timeless elegance. However, recent geopolitical developments have thrown a curveball at one of the biggest players in the market – the Swatch Group. With the imposition of a hefty 39 percent tariff on Swiss-made products by the […]
Trump Unleashes a Flurry of Trade Surprises on Eve of Deadline
Trump’s Trade Surprises: Levies on Indian Imports and Deals for Thailand and Cambodia As the deadline loomed, President Trump made headlines with a series of unexpected trade announcements that sent shockwaves through the global market. One of the most significant revelations was the imposition of a 25 percent levy on Indian imports, a move that […]
EU AI Act begins as tech firms push back
EU AI Act Begins as Tech Firms Push Back The European Union’s ambitious AI Act has officially kicked off, signaling a new era of regulations for developers in the tech industry. With the aim of ensuring the responsible and ethical use of artificial intelligence, the EU has set strict guidelines that developers must comply with, […]
China hits hypersonic jackpot with rare zirconium discovery in ancient lakebeds
China Hits Hypersonic Jackpot with Rare Zirconium Discovery in Ancient Lakebeds Zirconium, the metal extracted from the mineral zircon, is a high-demand product across the globe due to its versatile applications in various industries such as aerospace, nuclear reactors, and jewelry. Recently, China made a groundbreaking discovery of rare zirconium deposits in ancient lakebeds, propelling […]
Addiction Tokyo to Cease US Operations
Addiction Tokyo to Cease US Operations: A Strategic Move Amidst Uncertainty Addiction Tokyo, the renowned Japanese makeup brand, has recently made waves in the beauty industry with its decision to cease its operations in the United States. The company announced its plans to “wind down” its US business, citing a combination of factors that have […]
Interparfums Sales Dip Due to US Challenges
Interparfums Sales Dip Due to US Challenges Interparfums, the renowned fragrance manufacturer and distributor, is currently facing a challenging period as its sales in the United States experience a significant dip. The company, known for its extensive portfolio featuring iconic brands like Coach, Lacoste, and Roberto Cavalli perfumes, recently disclosed that its performance in the […]
How Tomorrow’s Beauty Consumer Will Shop
The Future of Beauty Shopping: Adapting to Changing Consumer Trends In the ever-evolving landscape of the beauty industry, one thing remains constant: change. Macro dynamics, wealth patterns, and migration are playing pivotal roles in reshaping beauty shoppers globally. According to The State of Fashion: Beauty Volume 2 report, companies in the beauty sector must proactively […]
Indonesia opens AI centre with global tech partners
Indonesia’s Bold Move: Jakarta Opens AI Centre with Global Tech Partners In a significant stride towards technological advancement, Indonesia has recently unveiled its state-of-the-art Artificial Intelligence (AI) center in Jakarta. This groundbreaking initiative aims to not only foster the development of AI technologies within the country but also to collaborate with global tech partners to […]
Salomon’s XT-6 Sneakers Help ‘Sportstyle’ Division to Sales of $165 Million Through Q3
Salomon’s XT-6 Sneakers Help ‘Sportstyle’ Division to Sales of $165 Million Through Q3 In a remarkable display of market dominance, Salomon, the renowned sportswear brand, has seen its ‘Sportstyle’ division achieve staggering sales of $165 million through the third quarter of the fiscal year. This impressive performance is not only a testament to the brand’s […]
Shein Files for Hong Kong IPO to Save London Listing, FT Reports
Shein Files for Hong Kong IPO to Save London Listing, FT Reports The global fashion powerhouse Shein has made headlines once again, this time by reportedly filing for an initial public offering (IPO) in Hong Kong. This strategic move aims to expedite its listing process and possibly sway British regulators to greenlight its much-anticipated debut […]