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 […]
Puma Shares Dive After Warning of Full-Year Loss, US Tariff Impact
Puma Faces Stock Plunge Following Bleak Projections, Tariff Turmoil On The Horizon German sportswear giant Puma recently sent shockwaves through the market as its shares plummeted by a staggering 18 percent. The catalyst for this significant dip in stock value? An ominous warning from the company regarding its anticipated full-year performance, a forecast marred by […]
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector The recent imposition of a 35 percent tariff by the United States has sent shockwaves through Bangladesh’s garments sector, leaving many workers fearing for their jobs. This move not only threatens the country’s main export industry but also puts the livelihoods of millions […]
Watches of Switzerland Warns US Tariffs to Weigh on Margin
Watches of Switzerland Warns US Tariffs to Weigh on Margin The renowned UK-based luxury watch retailer, Watches of Switzerland, recently sounded the alarm regarding the potential impact of US tariffs on its profit margins. The company disclosed that its margin on earnings before interest and taxes (EBIT) could face a decline of up to 100 […]