Swiss Watch Exports Plummet Due to Weak Chinese Demand and US Tariffs Swiss watch exports have taken a significant hit in August, with a noticeable tumble in numbers. The primary culprits behind this decline? Weak demand from China and the imposition of stiff tariffs by the United States. This one-two punch has left Swiss watchmakers […]
Zara Owner Inditex Reports Better Start to Autumn Sales, Boosting Shares
Zara Owner Inditex Reports Better Start to Autumn Sales, Boosting Shares Inditex, the parent company of the renowned fast-fashion brand Zara, recently announced a positive uptick in autumn sales, much to the delight of investors. This news comes at a crucial time as the Spanish retail giant navigates through challenges posed by a weakened dollar […]
In Geneva, Luxury Watch Leaders Brace for US Tariffs Impact
In Geneva, Luxury Watch Leaders Prepare for Impact of US Tariffs The luxury watch industry is bracing for a significant impact as a result of the proposed US tariffs on Swiss watches. Chief executives of leading watch companies have revealed their strategies to mitigate the potential effects of these tariffs, which could result in price […]
Swatch Gains as CEO Hayek Eases Concerns Over US Tariffs
Swatch Gains Momentum as CEO Hayek Addresses Concerns Surrounding US Tariffs Swiss watchmaker Swatch Group has been making headlines recently as its CEO, Nick Hayek, takes proactive steps to mitigate the impact of US tariffs on the company’s bottom line. With the recent announcement by Citigroup Inc. analyst Thomas Chauvet that Swatch plans to implement […]
India’s Textile Sector Reels as US Imposes 50%
India’s Textile Sector Reels as US Imposes 50% Tariffs In recent times, the Indian textile sector has been facing a turbulent period as the United States, one of its major export markets, decided to impose a staggering 50% tariff on certain textile products. This move has sent shockwaves through the industry, with some apparel and […]
Worldview | Small Indian Apparel Exporters Face ‘Death Knell’ From US Tariffs
Small Indian Apparel Exporters Face ‘Death Knell’ From US Tariffs In the ever-changing landscape of global markets, the fashion industry stands out as one of the most dynamic and challenging sectors to navigate. This week’s round-up of fashion business news brings to light a concerning issue that has been looming over small Indian apparel exporters […]
South Korean chipmakers avoid US tariffs through domestic investments
South Korean Chipmakers Strategically Invest in US Plants to Sidestep Tariffs In the ever-competitive landscape of global trade, companies are constantly seeking innovative strategies to navigate the challenges presented by tariffs and trade regulations. Recently, two of South Korea’s tech giants, Samsung and SK Hynix, have made strategic moves to avoid the impact of US […]
Hugo Boss Confident It Can Cushion US Tariff Blow
Hugo Boss Confident It Can Cushion US Tariff Blow German fashion powerhouse Hugo Boss recently made headlines by beating quarterly profit expectations, defying the odds in the face of weak global demand. The company’s resilience in the midst of economic challenges has not only impressed investors but also fueled its confidence in weathering the storm […]
Worldview | Colombia’s Record-Breaking Fashion Event
Worldview | Colombia’s Record-Breaking Fashion Event Colombia, a country known for its vibrant culture and rich heritage, has recently made headlines in the global fashion industry with its record-breaking fashion event. The event, which showcased the best of Colombian design talent, drew in a crowd of fashion enthusiasts and industry insiders from around the world. […]
New US copper tariff rattles markets ahead of August deadline
New US Copper Tariff Rattles Markets Ahead of August Deadline The recent announcement by Chile to seek exemption from the new US import tariffs has sent shockwaves through the copper market, resulting in a significant drop of over 6% in copper prices. This move has sparked concerns among investors and industry experts as the August […]