Domestic textile products losing market in Indonesia

The government needs to address the problem. Earlier, there was government help in form of direct aid (BLT) that could increase peoples’ buying power.  “Clothing is no longer a priority requirement…

EU warns UK-centred China import scam may shift to Europe’s ‘Silk Road’

The large-scale fraud, which consists in underdeclaring the value of imported goods to pay lower duties and sales taxes, was first uncovered in Britain, where it had gone on for…

Nike’s Dutch tax status investigated by EU regulators

The Nike case, announced on Thursday, follows other probes by the EU executive since 2013 into tax schemes in Belgium, Gibraltar, Luxembourg, Ireland and the Netherlands it says allow companies…

Ralph Lauren to open cancer prevention clinic in Los Angeles

It is slated ​to open in spring 2024, and will be the third Ralph Lauren-named center in the US, and the first on the west coast.USC Norris’s new partnership with Ralph…

Spenders or thrifters- As Singles’ Day nears, are China’s shoppers about to drop-

Akin to Black Friday and Cyber Monday in the United States, “Singles’ Day” has become something of a litmus test for the strength of Chinese consumption, which is coming under…

Tesco’s slavery review reports abuses in Malaysia

The company listed allegations based on interviews with 168 migrant workers in Malaysia and 187 in Thailand that included passport retention, unexplained and illegal wage reductions, heavy indebtedness to labour…

Valentino Garavani and Giancarlo Giammetti donate €1 million to Covid-19 relief

Their donation will go to aid the new Columbus Covid 2 Hospital, a new area fully dedicated to the Covid-19 cases at Rome’s Agostino Gemelli University Policlinic, according to a…

Black Friday- Dutch online sales break single-day record

The number of online payments was up 47% in 2018, according to Dutch e-commerce payment system Ideal, which processes online payments for all Dutch banks. The 3.5 million payments handled…

Inditex to invest 10 million euros in environmental restoration projects together with WWF

The Spanish textile giant will invest more than €10 million in this partnership: in 2022 it will allocate €4.2 million, while in the following two years it will contribute a…