De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Bangladesh
Global Markets
US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel
President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.
US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel
President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.
Global Markets
Bangladesh Garment Factory Fire Kills 16, Toll May Rise
A deadly fire at a Bangladeshi garment factory and an adjacent chemical warehouse highlights the ongoing issue of poor fire and building safety standards in the country’s vital garment sector.
Bangladesh Garment Factory Fire Kills 16, Toll May Rise
A deadly fire at a Bangladeshi garment factory and an adjacent chemical warehouse highlights the ongoing issue of poor fire and building safety standards in the country’s vital garment sector.
Global Markets
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
Bangladeshi garment workers fear job losses due to the US imposing a 35 percent tariff, threatening the country’s main export industry and the livelihoods of millions.
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
Bangladeshi garment workers fear job losses due to the US imposing a 35 percent tariff, threatening the country’s main export industry and the livelihoods of millions.
Global Markets
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
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Global Markets
Bangladesh Garment Factories Reopen After Interim Government Appointed
Factories in the world’s second-largest garment exporting country reopened on Wednesday hoping to swiftly resume operations after production was disrupted by violent protests that ousted the prime minister.
Bangladesh Garment Factories Reopen After Interim Government Appointed
Factories in the world’s second-largest garment exporting country reopened on Wednesday hoping to swiftly resume operations after production was disrupted by violent protests that ousted the prime minister.
Global Markets
Nobel Prize-Winner Yunus to Head Bangladesh’s Interim Government
Economist Muhammad Yunus has been appointed head of Bangladesh’s interim government following former Prime Minister Sheikh Hasina’s departure amid violent protests.
Nobel Prize-Winner Yunus to Head Bangladesh’s Interim Government
Economist Muhammad Yunus has been appointed head of Bangladesh’s interim government following former Prime Minister Sheikh Hasina’s departure amid violent protests.
Global Markets
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
Global Markets
Bangladesh Eases Curfew to Keep Economy Going After Protests
Student anger over job quotas has roiled the world’s second-largest garment exporter.
Bangladesh Eases Curfew to Keep Economy Going After Protests
Student anger over job quotas has roiled the world’s second-largest garment exporter.
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Global Markets
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Global Markets
Bangladesh Deploys Army to Keep Peace Ahead of Sunday’s Election
Soldiers travelled in armoured vehicles to temporary camps set up across the capital Dhaka to help the civil administration maintain peace and security.
Bangladesh Deploys Army to Keep Peace Ahead of Sunday’s Election
Soldiers travelled in armoured vehicles to temporary camps set up across the capital Dhaka to help the civil administration maintain peace and security.
Global Markets
More Protests in Bangladesh as Garment Workers Reject Pay Increase
Hundreds of garment workers in Bangladesh clashed with police for a second day on Thursday as they protested against a government-mandated pay rise, forcing the closure of nearly 40 factories in the world’s second-largest clothing exporter.
More Protests in Bangladesh as Garment Workers Reject Pay Increase
Hundreds of garment workers in Bangladesh clashed with police for a second day on Thursday as they protested against a government-mandated pay rise, forcing the closure of nearly 40 factories in the world’s second-largest clothing exporter.
Global Markets
Bangladesh Fire: Hundreds of Firefighters Tackle Blaze in Huge Dhaka Clothing Market
No casualties from the Tuesday morning blaze have been reported yet. Shop owners and fire officials told reporters that the Bongo Bazar market and three adjacent commercial precincts had been almost completely gutted.
Bangladesh Fire: Hundreds of Firefighters Tackle Blaze in Huge Dhaka Clothing Market
No casualties from the Tuesday morning blaze have been reported yet. Shop owners and fire officials told reporters that the Bongo Bazar market and three adjacent commercial precincts had been almost completely gutted.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.